True North Commercial REIT (TSE:TNT.UN – Get Free Report) announced a monthly dividend on Friday, October 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0575 per share on Monday, November 16th. This represents a $0.69 annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, October 30th.
True North Commercial REIT Price Performance
Shares of TNT.UN opened at C$7.54 on Wednesday. The stock has a market capitalization of C$106.07 million, a P/E ratio of -4.47 and a beta of 0.83. True North Commercial REIT has a twelve month low of C$7.39 and a twelve month high of C$9.40. The company has a 50 day moving average of C$8.04 and a 200-day moving average of C$8.39. 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 (TSE:TNT.UN – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The business had revenue of C$27.85 million during the quarter.
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.
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