7.34
-2.00%
Close of 9 Nov 2026, in CAD
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About True North Commercial REIT
Its shares trade on Toronto Stock Exchange under the ticker TNT.UN.TO. It has been listed since 31 August 2012. In the fiscal year to 31 December 2024, it reported revenue of C$126.9m and a net loss of C$21.0m. At that date it held total assets of C$1.24bn and shareholders' equity of C$416.0m.
True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. The company is headquartered in Toronto, California. The company went IPO on 2012-08-31. The firm owns approximately 49 commercial properties located in Alberta, British Columbia, Ontario, Novo Scotia and New Brunswick. The properties consist of office and industrial space, representing an aggregate of approximately 4.9 million square feet of gross leasable area. The firm is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist. All of the REIT's properties are investment properties. Its properties include 3699 63 Avenue NE, 16th Avenue NW Calgary, Alberta, 855 8th Avenue SW Calgary, Alberta, 1020 68th Avenue Northeast Calgary Alberta, 810 Blanshard Street Victoria, British Columbia and 727 Fisgard Street Victoria, British Columbia.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 31 Aug 2012
- Website
- commercial.truenorthreit.com ↗
Leadership
Pay as last reported
- Mr. Daniel DrimmerChairman of the Board of Trustees, Chief Executive Officer, since 2012C$5,600
- Mr. Martin LiddellChief Financial Officer, Trustee, since 2023C$190,000
- Mr. Alon OssipLead Independent TrusteeC$55,600
- Mr. Sandy PoklarIndependent TrusteeC$63,100
- Ms. Lindsay BrandIndependent TrusteeC$45,600
- Ms. Lora GernonIndependent TrusteeC$45,600
- Ms. Tracy SherrenCorporate Director, Trustee, since 2012C$45,600
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 30
- Environment
- 22
- Social
- 34
- Governance
- 35
- Carbon reduction policy
- Yes
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Owns 49 commercial properties across multiple Canadian provinces including Alberta and British Columbia.
- Focuses on growing portfolio through acquisitions in Canada and other jurisdictions with opportunities.
- Has a significant gross leasable area of approximately 4.9 million square feet in office and industrial spaces.
Weaknesses
- Operates with zero full-time employees, indicating potential operational challenges.
- Headquartered in Toronto, California, which is geographically inconsistent with its Canadian operations.
- Relies solely on acquisitions for growth without mentioning organic development strategies.
Opportunities
- Expands portfolio through acquisitions in Canada and other jurisdictions with opportunities.
- Grows by targeting office and industrial spaces in high-demand regions like Alberta and British Columbia.
- Leverages existing properties to attract new tenants in growing Canadian markets.
Threats
- Dependent on acquisitions for growth, which may face market volatility and competition.
- Properties located in specific Canadian provinces could be affected by regional economic downturns.
- Lack of full-time employees may hinder responsiveness to market changes and tenant needs.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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