True North Commercial REIT (TSE:TNT.UN) Sets New 52-Week Low – Here’s Why

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

True North Commercial REIT Stock Performance

The stock has a market capitalization of C$108.60 million, a P/E ratio of -4.58 and a beta of 0.89. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The business has a fifty day moving average price of C$8.47 and a 200-day moving average price of C$8.40.

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True North Commercial REIT (TSE:TNT.UN – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$27.85 million during 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 business also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a $0.0575 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 8.9%. True North Commercial REIT’s payout ratio is currently -40.92%.

About True North Commercial REIT

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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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