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True North Commercial REIT

TNT.UN

True North Commercial Real Estate Investment Trust is an unincorporated open-ended real estate investment trust primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in Canada. ‏‏‎ ‎

Office

12 years

CAD

Adjusted FFO

External

N/A

35

/100

Price

per share adjusted in CAD

$9.19

Price

-0.11%

-$0.01

Market Cap

$128.469m

Small

5%

% sector
Price/AFFO

3.7x

7.7x

5y Avg

6.1x

Sector Avg

Dividends

Ex-Dividend: March 31, 25

7.51%

Yield

$0.69

Dividend

0.00%

Forward Dividend Growth

0.0%

+27.4%

3y CAGR

+20.5%

5y CAGR
Payout

27.7%

14.6%

Payout 5y

51.2%

Sector Avg
Yield
Benchmark

Dividends

No items found.

Financials Overview

Q4 2024

Last Report

May 13, 2025

Next Earnings
AFFO

$37.827m

-6.9%

1y CAGR

-8.2%

3y CAGR

-6.2%

5y CAGR
AFFO/share

$2.49

+0.8%

1y CAGR

-6.2%

3y CAGR

-4.7%

5y CAGR
Debt to Assets

62.1%

11x

Debt to EBITDA

2.2x

Int. Coverage

3.94%

Int. Rate
Size

4.6ft²

-4.2%

1y CAGR

-1.4%

3y CAGR

-1.0%

5y CAGR
Occupancy

93.0%

40

Properties
Largest Tenant (%)

17.0%

Government of Canada

Largest Tenant

4.2y

WALE

Financial Reports

Adjusted FFO and other important metrics. Amounts in Canadian Dollar (CAD)
No items found.
Diversification by Property Type
% of Revenue

Office

100.0%

Diversification by Country
1 Country

Canada

4.6ft²

Size
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Historical Scores

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