True North Commercial REIT (TSE:TNT.UN) Reaches New 1-Year Low – Here’s What Happened

True North Commercial REIT (TSE:TNT.UN)’s stock price hit a new 52-week low on Thursday. The stock traded as low as C$7.62 and last traded at C$7.73, with a volume of 17283 shares traded. The stock had previously closed at C$7.77.

True North Commercial REIT Stock Up 0.4%

The business has a 50 day moving average of C$8.42 and a 200 day moving average of C$8.39. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The firm has a market capitalization of C$109.02 million, a price-to-earnings ratio of -4.60 and a beta of 0.89.

True North Commercial REIT (TSE:TNT.UN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share for the quarter. The business had revenue of C$27.85 million for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Friday, July 31st. True North Commercial REIT’s payout ratio is -40.92%.

About True North Commercial REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 37 properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.