True North Commercial Real Estate Investment Trust (TSX: TNT-UN) Stock Analysis & Fundamentals

TNT-UNTrue North Commercial Real Estate Investment Trust

TSX · CA · Real Estate · REIT - Office · truenorthreit.com

8.750CAD-1.02%Mkt Cap: 93.27M $P/E: —Today

True North Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The REIT currently owns and operates a portfolio of 37 commercial properties consisting of approximately 4…

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REIT - Office

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CDP

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HIW

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AP-UN

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OGCP

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$1.20BUSD

Key Statistics

Company

Market Cap93.27M $

Enterprise Value620.40M $

Revenue (TTM)93.65M $

Gross Profit50.31M $

Net Income (TTM)-23.72M $

Revenue/Share6.741 USD

Last Price8.750 CAD

Fiscal Year EndDec 2025

MR QuarterJun 2026

Employees—

CountryCA

SectorReal Estate

IndustryREIT - Office

ISIN—

Valuation

P/E (Trailing)—

P/E (Forward)—

PEG—

EV/EBITDA—

EV/Revenue6.62

P/S0.98

P/B0.33

EPS (TTM)-1.69

EPS (Forward)—

52W Range

7.99051% of range9.490

52W High9.490 CAD

52W Low7.990 CAD

Profitability

Gross Margin53.09%

Oper. Margin43.25%

EBITDA Margin0.00%

Profit Margin-25.03%

ROE-8.68%

ROA-2.79%

Growth

Revenue Growth-0.90%

Earnings Growth—

Cash Flow & Leverage

Operating CF51.86M $

CapEx (TTM)—

FCF Margin13.21%

FCF Yield13.27%

Net Debt531.23M $

Net Debt/EBITDA—

Balance Sheet

Debt/Equity1.95

Current Ratio0.18

Quick Ratio0.03

Book Value/Sh26.68 CAD

Cash/Share0.6640 CAD

Dividends

Fwd Div Rate0.6900 CAD

Trail. Div Rate0.6900 CAD

Div. Yield7.92%

5Y Avg Yield11.38%

Payout Ratio0.00%

Ex-Div DateAug 31, 2026

Pay DateAug 17, 2026

Splits

Last Split173:1000

Split DateNov 24, 2023

Analyst Consensus

Rating2.0 (Buy)

Strong BuyBuyHoldSellStr. Sell

Target (Mean)9.625 CAD

Upside (mean)+10.0%

Target Range9.250 CAD – 10.00 CAD

CAD9.250+10.0% to meanCAD10.00

# Analysts2

Ownership

Shares Out.14.07M

Float12.35M

Insiders12.17%

Institutions1.79%

Short Interest

Short Ratio0.2d

Short % Out.0.02%

Shares Short1.98K

Short (prev mo.)6.64K

Technical

SMA 508.639 (+1.3%)

SMA 2008.614 (+1.6%)

Beta—

S&P 52W Chg18.16%

Avg Vol (30d)11.40K

Avg Vol (10d)16.88K

Technical Indicators

RSI (14)59.5

MACD0.0078

MACD Signal0.0195

MACD Hist.-0.0117

BB Upper8.984 CAD

BB Middle8.737 CAD

BB Lower8.490 CAD

BB Width5.66%

ATR (14)0.1154 CAD

Vol Ratio (20d)3.96x