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

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

True North Commercial REIT Stock Performance

The stock has a market capitalization of C$112.54 million, a PE ratio of -4.74 and a beta of 0.89. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. The firm has a 50 day moving average price of C$8.54 and a 200-day moving average price of C$8.41.

True North Commercial REIT (TSE:TNT.UN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) EPS for the quarter. The business had revenue of C$27.85 million during the quarter. True North Commercial REIT had a negative net margin of 38.96% and a negative return on equity of 10.66%.

True North Commercial REIT Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were given a $0.0575 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.69 annualized dividend and a dividend yield of 8.6%. True North Commercial REIT’s dividend payout ratio (DPR) is -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.