True North Commercial REIT engages in the acquisition of commercial office properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2012-08-31. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its 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. The REIT owns and operates a portfolio of approximately 40 commercial properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada, focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.
Follow-Up Questions
Who is the CEO of True North Commercial REIT?
Mr. Daniel Drimmer is the Chairman of the Board of Trustees of True North Commercial REIT, joining the firm since 2012.
What is the price performance of TUERF stock?
The current price of TUERF is $6.5, it has decreased 0% in the last trading day.
What are the primary business themes or industries for True North Commercial REIT?
True North Commercial REIT belongs to Real Estate industry and the sector is Real Estate
What is True North Commercial REIT market cap?
True North Commercial REIT's current market cap is $90.8M
Is True North Commercial REIT a buy, sell, or hold?
According to wall street analysts, 5 analysts have made analyst ratings for True North Commercial REIT, including 0 strong buy, 0 buy, 4 hold, 2 sell, and 0 strong sell
