True North Commercial REIT (TSE:TNT.UN) Releases Quarterly Earnings Results

True North Commercial REIT (TSE:TNT.UN) announced its quarterly earnings results on Tuesday. The company reported C$0.03 earnings per share for the quarter, reports. The firm had revenue of C$29.83 million during the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%.

True North Commercial REIT Stock Down 0.8%

Shares of TSE TNT.UN traded down C$0.07 during mid-day trading on Tuesday, reaching C$8.28. 5,378 shares of the company were exchanged, compared to its average volume of 20,941. True North Commercial REIT has a 1 year low of C$7.99 and a 1 year high of C$9.70. The firm has a 50-day moving average of C$8.27 and a 200 day moving average of C$8.69. The stock has a market cap of C$116.47 million, a price-to-earnings ratio of -3.57 and a beta of 1.06. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73.

True North Commercial REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Thursday, April 30th. True North Commercial REIT’s dividend payout ratio is -24.82%.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.