True North Commercial REIT (TSE:TNT.UN) Hits New 1-Year Low – Here’s Why

True North Commercial REIT (TSE:TNT.UN) shares hit a new 52-week low during trading on Wednesday. The company traded as low as C$7.50 and last traded at C$7.52, with a volume of 9661 shares changing hands. The stock had previously closed at C$7.55.

True North Commercial REIT Stock Down 0.4%

The stock has a fifty day moving average of C$8.37 and a 200 day moving average of C$8.39. 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 firm has a market capitalization of C$105.78 million, a P/E ratio of -4.46 and a beta of 0.83.

True North Commercial REIT (TSE:TNT.UN) last announced its quarterly earnings data on Thursday, August 13th. The company reported C($0.23) earnings per share (EPS) for the quarter. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were issued a dividend of $0.0575 per share. This represents a $0.69 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Friday, July 31st. True North Commercial REIT’s dividend payout ratio (DPR) is -40.92%.

About True North Commercial REIT

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 37 properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.