True North Commercial Real Estate Investment Trust TNT*CA Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 24, 2023 (filed on Mar 24, 2023)

Insider Name:

Ossip, Alon Samuel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

10 - Acquisition or disposition in the public market

# or value acquired/disposed of:

7,000

Price:

$3.18
Mar 24, 2023 (filed on Mar 24, 2023)

Insider Name:

Drimmer, Daniel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

10 - Acquisition or disposition in the public market

# or value acquired/disposed of:

100,000

Price:

$3.41
Mar 23, 2023 (filed on Mar 23, 2023)

Insider Name:

Ossip, Alon Samuel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

10 - Acquisition or disposition in the public market

# or value acquired/disposed of:

93,000

Price:

$3.22
Mar 23, 2023 (filed on Mar 23, 2023)

Insider Name:

Drimmer, Daniel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

10 - Acquisition or disposition in the public market

# or value acquired/disposed of:

100,000

Price:

$3.28
Mar 22, 2023 (filed on Mar 22, 2023)

Insider Name:

Drimmer, Daniel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

10 - Acquisition or disposition in the public market

# or value acquired/disposed of:

250,000

Price:

$3.41
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Allison, Margaret Ann

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

704

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Allison, Margaret Ann

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-1,538

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Sherren, Tracy

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

6,367

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Sherren, Tracy

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-14,921

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Poklar, Sandy Ivan

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

296

Price:

$3.76

Filings by filing date

Dec 31, 2022 (filed on Mar 29, 2023)

Insider Name:

Drimmer, Daniel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

30 - Acquisition or disposition under a purchase/ownership plan

# or value acquired/disposed of:

131,616

Price:

$6.34
Dec 31, 2022 (filed on Mar 28, 2023)

Insider Name:

Drimmer, Daniel

Ownership Type:

Indirect Ownership

Securities:

Trust Units

Nature of Transaction:

30 - Acquisition or disposition under a purchase/ownership plan

# or value acquired/disposed of:

12,328

Price:

$6.34
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Allison, Margaret Ann

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

704

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Allison, Margaret Ann

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-1,538

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Sherren, Tracy

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

6,367

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Sherren, Tracy

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-14,921

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Poklar, Sandy Ivan

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

296

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Poklar, Sandy Ivan

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-670

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Ossip, Alon Samuel

Ownership Type:

Direct Ownership

Securities:

Trust Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

296

Price:

$3.76
Mar 21, 2023 (filed on Mar 24, 2023)

Insider Name:

Ossip, Alon Samuel

Ownership Type:

Direct Ownership

Securities:

Restricted Units

Nature of Transaction:

57 - Exercise of rights

# or value acquired/disposed of:

-670

Price:

$3.76

News

Biz Brief

Sector: Real Estate	Industry: Commercial REITs

See Regulatory Filings on SEDAR

Company Contact

Address:	3280 Bloor Street West Suite 1400, CentreTower TORONTO ON M8X 2X3
Tel:	N/A
Website:	https://truenorthreit.com
IR:	See website

Key People

Daniel Drimmer Chairman of the Board of Trustees, Chief Executive Officer	Tracy C. Sherren President, Chief Financial Officer, Trustee

Business Overview

True North Commercial Real Estate Investment Trust (the REIT) is a Canada-based unincorporated, open-ended real estate investment trust. The objective of the REIT is to generate stable cash distributions on a tax-efficient basis; expand the asset base of the REIT and increase its distributable cash flow through acquisitions of commercial rental properties across Canada and such other jurisdictions where opportunities exist and enhance the value of the REIT's assets to maximize long-term unit value through active management of its assets. The REIT owns and operates a portfolio of approximately 47 office properties across Canada consisting of five million square feet. Its investment sectors include public administration, services, finance, insurance, real estate, manufacturing and others. Its properties include 855 8th Avenue SW, 4500 & 4520 - 16th Avenue NW, 1020 68th Avenue NE, 3699 63rd Avenue NE, 13140 St. Albert Trail and others.

Financial Overview

For the fiscal year ended 31 December 2022, True North Commercial REIT revenues increased 4% to C$143.6M. Net income decreased 68% to C$16.5M. Revenues reflect FFO per Share (Basic) increase of 3% to C$0.61, FFO per Share (Diluted) increase of 2% to C$0.6. Net income was offset by FV Adjustments on Investment Prope increase from C$6.2M (income) to C$41.9M (expense), Interest on mortgages payable increase of 5% to C$28.3M (expense).

Reporting Currency:	Canadian Dollars
Enterprise value:	$1,168M as of Dec 31, 2022
Annual revenue (TTM):	$143.58M as of Dec 31, 2022
EBITDA (TTM):	$78.22M as of Dec 31, 2022
Net annual income (TTM):	$16.53M as of Dec 31, 2022
Free cash flow (TTM):	$54.64M as of Dec 31, 2022
Net Debt Last Fiscal Year:	$851.59M as of Dec 31, 2022
Shares outstanding:	91,990,004 as of Mar 9, 2023
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization