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

True North Commercial REIT (TSE:TNT.UN) issued its earnings results on Thursday. The company reported C($0.23) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$27.85 million during the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%.

True North Commercial REIT Price Performance

True North Commercial REIT stock opened at C$8.84 on Friday. The stock has a 50-day moving average price of C$8.62 and a two-hundred day moving average price of C$8.47. The company has a market capitalization of C$124.35 million, a PE ratio of -3.81 and a beta of 0.93. True North Commercial REIT has a 12 month low of C$7.99 and a 12 month high of C$9.49. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73.

True North Commercial REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a dividend of $0.0575 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.8%. True North Commercial REIT’s dividend payout ratio (DPR) is -29.75%.

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.