True North Commercial REIT Announces Monthly Dividend of $0.06 (TSE:TNT.UN)

True North Commercial REIT (TSE:TNT.UN) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be paid a dividend of 0.0575 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, July 31st.

True North Commercial REIT Stock Up 0.8%

TNT.UN opened at C$8.94 on Wednesday. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The company’s 50-day moving average is C$8.53 and its 200 day moving average is C$8.49. True North Commercial REIT has a fifty-two week low of C$7.99 and a fifty-two week high of C$9.55. The firm has a market capitalization of C$125.76 million, a P/E ratio of -3.86 and a beta of 0.95.

True North Commercial REIT (TSE:TNT.UN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%. The business had revenue of C$29.83 million during the quarter.

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.