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

True North Commercial REIT (TSE:TNT.UN) issued its quarterly earnings results on Tuesday. The company reported C$0.03 EPS for the quarter, reports. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The firm had revenue of C$29.83 million for the quarter.

True North Commercial REIT Stock Up 0.4%

Shares of True North Commercial REIT stock opened at C$8.31 on Thursday. The stock’s fifty day moving average is C$8.26 and its 200-day moving average is C$8.68. The firm has a market capitalization of C$116.90 million, a PE ratio of -3.59 and a beta of 1.06. True North Commercial REIT has a 12-month low of C$7.99 and a 12-month high of C$9.70. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. True North Commercial REIT’s payout ratio is -24.82%.

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.