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

True North Commercial REIT (TSE:TNT.UN) released its earnings results on Tuesday. The company reported C($1.15) earnings per share for the quarter, FiscalAI reports. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The company had revenue of C$40.33 million for the quarter.

True North Commercial REIT Stock Performance

TSE TNT.UN traded up C$0.08 during trading on Tuesday, hitting C$8.29. 10,414 shares of the company’s stock traded hands, compared to its average volume of 25,537. The stock has a market capitalization of C$115.89 million, a price-to-earnings ratio of -3.65 and a beta of 1.28. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. The business has a 50 day moving average of C$8.70 and a 200-day moving average of C$8.96. True North Commercial REIT has a 12-month low of C$7.96 and a 12-month high of C$11.28.

True North Commercial REIT Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 16th were issued a $0.0575 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 8.3%. True North Commercial REIT’s dividend payout ratio (DPR) is -17.74%.

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.