True North: The Similarities With Slate, Inovalis And Dream

Summary

  • True North Commercial Real Estate Investment Trust holds a portfolio of office properties across Canada.
  • We have had only Sell and Hold ratings on this REIT as the systemic stress has been quite severe.
  • In this piece, we review the True North Commercial REIT Q1 2024 results and the recent property sales.

Toronto City Skyline at Night in Canada

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Note: All values are in CAD

The REIT

True North Commercial Real Estate Investment Trust (OTC:TUERF)(TSX:TNT.UN:CA) holds a portfolio of 41 office properties. These are located across Canada, in the provinces of British Columbia, Alberta, Ontario, New Brunswick and Nova Scotia.