True North Commercial Real Estate Investment Trust trades with the ticker TNT-UN on the TSX and is in the REIT – Office industry.
Overview
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 44 commercial properties consisting of approximately 4.8 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.
Looking to invest in True North Commercial Real Estate Investment Trust? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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TNT-UN.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $147.538MM
PE Ratio:
Price: #N/A (Updated: 3/12/2024 0:47:16)
True North Commercial Real Estate Investment Trust (TNT-UN) vs Competitors in REIT – Office
Lets see how TNT-UN.TO stacks up against others in the REIT – Office asset management industry. We have identified its main peers as:BTB Real Estate Investment Trust, Dream Office Real Estate Investment Trust, Allied Properties Real Estate Investment Trust
.REIT – Office Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| BTB Real Estate Investment Trust (BTB-UN) | $267.454 | 7.286 | 13.865 | 9.8% |
| Dream Office Real Estate Investment Trust (D-UN) | $251.873 | N/A | -110.844 | 6.5% |
| True North Commercial Real Estate Investment Trust (TNT-UN) | $147.538 | N/A | -39.027 | 19.0% |
| Allied Properties Real Estate Investment Trust (AP-UN) | $2,227.714 | N/A | -13.059 | 10.2% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within REIT – Office
- True North Commercial Real Estate Investment Trust (TNT-UN) vs BTB Real Estate Investment Trust (BTB-UN)
- BTB-UN has higher EPS (0.42 vs -3.55). TNT-UN has higher dividend yield (19.0% vs 9.8%). TNT-UN has a P/E under 0, indicating BTB-UN (P/E 7.286) is in a better position.
- True North Commercial Real Estate Investment Trust (TNT-UN) vs Dream Office Real Estate Investment Trust (D-UN)
- D-UN has higher EPS (-3.47 vs -3.55). TNT-UN has higher dividend yield (19.0% vs 6.5%). D-UN and TNT-UN both have P/E’s under 0.
- True North Commercial Real Estate Investment Trust (TNT-UN) vs Allied Properties Real Estate Investment Trust (AP-UN)
- TNT-UN has higher EPS (-3.55 vs -3.94). TNT-UN has higher dividend yield (19.0% vs 10.2%). AP-UN and TNT-UN both have P/E’s under 0.
Our Recommendation: Review
May not stand out on key metrics or lacks sufficient data for a strong recommendation.
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