True North Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The REIT currently owns and operates a portfolio of 37 commercial properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist. True North Commercial Real Estate Investment Trust was incorporated in 2012 in Ontario, Canada.
Research context
True North Commercial Real Estate Investment Trust appears in PyInvesting’s Toronto Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Real Estate
- Industry
- REIT - Office
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5 years, 6 months ago
True North Commercial Real Estate Investment Trust is currently in a long term uptrend where the price is trading 13.0% above its 200 day moving average.
From a valuation standpoint, the stock is 92.4% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 4.3.
True North Commercial Real Estate Investment Trust's total revenue rose by 22.5% to $36M since the same quarter in the previous year.
Its net income has increased by 482.4% to $8M since the same quarter in the previous year.
Finally, its free cash flow grew by 13.5% to $21M since the same quarter in the previous year.
Based on the above factors, True North Commercial Real Estate Investment Trust gets an overall score of 5/5.