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

True North Commercial REIT (TSE:TNT.UN) announced its quarterly earnings results on Thursday. The company reported C($0.23) EPS for the quarter, FiscalAI reports. 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$27.85 million for the quarter.

True North Commercial REIT Stock Up 0.9%

Shares of TSE:TNT.UN traded up C$0.08 during midday trading on Thursday, hitting C$8.64. 8,211 shares of the company’s stock were exchanged, compared to its average volume of 18,000. 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 stock has a 50 day moving average price of C$8.60 and a 200-day moving average price of C$8.47. The company has a market cap of C$121.54 million, a PE ratio of -3.73 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.

True North Commercial REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, July 31st. True North Commercial REIT’s dividend payout ratio (DPR) is currently -29.75%.

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.