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

True North Commercial REIT (TSE:TNT.UN) announced its earnings results on Tuesday. The company reported C($1.15) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$40.33 million for 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 Stock Down 0.4%

TSE:TNT.UN opened at C$8.26 on Thursday. The firm has a market capitalization of C$115.47 million, a price-to-earnings ratio of -3.64 and a beta of 1.28. True North Commercial REIT has a 1-year low of C$7.96 and a 1-year high of C$11.28. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The business’s fifty day moving average price is C$8.67 and its 200 day moving average price is C$8.95.

True North Commercial REIT Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were issued a dividend of $0.0575 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. True North Commercial REIT’s payout ratio is currently -17.74%.

About True North Commercial REIT

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.