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

True North Commercial REIT (TSE:TNT.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.0575 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, May 29th.

True North Commercial REIT Trading Up 0.6%

TNT.UN opened at C$8.35 on Wednesday. True North Commercial REIT has a 1-year low of C$7.99 and a 1-year high of C$9.70. 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 company has a market cap of C$117.46 million, a P/E ratio of -3.60 and a beta of 1.06. The company has a fifty day moving average price of C$8.24 and a two-hundred day moving average price of C$8.62.

True North Commercial REIT (TSE:TNT.UN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share 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 firm had revenue of C$29.83 million during the quarter.

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.