True North Commercial REIT (TNT.UN) to Issue Monthly Dividend of $0.06 on November 16th

True North Commercial REIT (TSE:TNT.UN) announced a monthly dividend on Friday, October 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0575 per share on Monday, November 16th. This represents a $0.69 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, October 30th.

True North Commercial REIT Stock Down 0.1%

Shares of TNT.UN opened at C$7.54 on Wednesday. The company’s 50-day moving average price is C$8.04 and its 200 day moving average price is C$8.39. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a 12-month low of C$7.39 and a 12-month high of C$9.40. The firm has a market cap of C$106.07 million, a P/E ratio of -4.47 and a beta of 0.83.

True North Commercial REIT (TSE:TNT.UN) last posted its earnings results on Thursday, August 13th. The company reported C($0.23) 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 company had revenue of C$27.85 million during the quarter.

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.