True North Commercial REIT (TSE:TNT.UN) Sets New 12-Month Low – What’s Next?

Shares of True North Commercial REIT (TSE:TNT.UN) reached a new 52-week low on Friday. The company traded as low as C$7.92 and last traded at C$8.00, with a volume of 50887 shares traded. The stock had previously closed at C$8.12.

True North Commercial REIT Stock Down 1.5%

The company’s 50 day moving average is C$8.54 and its 200 day moving average is C$8.41. The company has a market cap of C$112.54 million, a PE ratio of -4.74 and a beta of 0.89. 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 (TSE:TNT.UN) last issued its earnings results 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 for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Friday, July 31st. True North Commercial REIT’s dividend payout ratio is presently -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.