1. Canada Stocks

  2. •

    Real Estate

  3. •

    REIT - Office
True North Commercial REIT

True North Commercial REIT

TUERF
True North Commercial REITUS flagOther OTC
6.43
USD
- -
- -
90.45MMarket Cap
True North Commercial REIT
TUERF
(Other OTC)

Recent

price

6.43

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
10.21
7.94
12.4
8.16
7.8
8.75
7.22
9.29
8.98
8.99
8.43
9.01
9.26
9.16
Revenue per Share
- -
7.9
4.42
5.5
-0.02
4
4.99
1.64
2.65
3.31
1.04
-2.59
-1.49
-2.32
-1.69
Basic EPS, GAAP
- -
5.16
4.07
6.92
4.8
4.23
5.36
3.97
6.09
5.01
6.47
4.72
5.37
5.07
4.74
Free Cash Flow per Basic Share
- -
2.5
1.87
3.11
2
2.39
2.68
2.13
2.93
3.06
3.05
1.99
- -
0.53
0.71
Dividend per Share
-49.3
32.16
34.85
36.93
33.08
34.57
36.49
35.77
34.98
35
32.7
28.88
29.54
26.68
26.15
Book Value per Share
-49.3
32.16
34.85
36.93
33.08
34.57
36.49
35.77
34.98
35
32.7
28.88
29.54
26.68
26.15
Tangible Book Value per Share
- -
2
3
3
5
7
10
15
15
15
16
16
14
14
14
Basic Weighted Avg Shares
- -
17
23
37
41
56
87
106
139
139
144
132
127
130
129
Sales/Revenue/Turnover
- -
50.83
53.18
56.95
55.16
57.07
55.37
53.1
55.93
54.66
56.02
50.61
47.27
48.44
48.23
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
13
13
16
- -
29
50
24
40
51
17
-41
-21
-33
-24
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
77.35
55.66
44.37
-0.24
51.32
56.99
22.71
28.51
36.82
11.51
-30.73
-16.51
-25.03
-18.48
Profit Margin (%)
- -
-6
-8
-17
1
-37
-61
-127
-47
-165
-124
-101
-272
-308
-320
Working Capital
10
105
182
193
235
346
481
681
776
681
683
694
468
432
409
LT Debt
-12
54
102
111
168
248
363
527
525
540
522
453
416
375
368
Total Equity
- -
10.84
5.46
6.94
- -
6.06
6.31
5.11
5.87
5.61
5.86
- -
- -
- -
- -
Return on Invested Capital (%)
- -
20.35
7.6
7.76
- -
7.19
8.49
3.99
5.08
5.81
3.31
- -
- -
- -
45.17
Return on Capital (%)
- -
- -
16.57
15.47
-0.07
13.82
16.23
5.43
7.55
9.58
3.11
-8.33
-4.82
-8.23
-6.19
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
301
320
327
LT Borrowings
432
415
409
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
125
122
119

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
52
69
70
Cash, Cash Equivalents & STI
8
8
9
Accounts Receivable, Net
16
4
3
Inventories
25
41
40
Total Current Liabilities
360
380
389
Payables & Accruals
48
50
52
ST Debt
301
320
327
Deferred Revenue
10
9
10

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.91%
-6.35%
-9.83%
Free Cash Flow
16.99%
-2.75%
-5.89%
Net Income, GAAP
-2,895.42%
-75.59%
55.45%
Sales/Revenue/Turnover
14.91%
-1.28%
2.53%
Total Cash Common Dividend
- -
- -
-76.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32
32
30
32
127
2025
31
28
31
40
130
2026
30
28
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
-0.52
-0.24
- -
-1.49
2025
0.04
-0.85
-0.37
- -
-2.32
2026
0.04
-0.22
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.18
0.18
- -
0.53
2026
0.18
0.18
- -
- -
- -
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Business
True North Commercial Real Estate Investment Trust (TSX: TNT.UN; OTC: TUERF) is a Canada-based, unincorporated open-ended real estate investment trust that owns and operates a portfolio of approximately 38 commercial properties totaling 4.5 million square feet of leasable space in urban and select strategic secondary markets across Canada, including Alberta, British Columbia, New Brunswick, Nova Scotia and Ontario; the portfolio features a focus on long-term leases with government and credit-rated tenants, retail shopping centers and commercial rental properties generating stable rental income through effective property management and accretive growth strategies. The REIT, established under the laws of the Province of Ontario with headquarters in Toronto, primarily serves institutional and creditworthy tenants seeking reliable commercial space in key Canadian markets. It delivers unitholder value via monthly cash distributions, such as the November 2025 payout of C$0.0575 per unit payable December 15, 2025, alongside portfolio appreciation through targeted acquisitions. Recent activities include ongoing portfolio optimization via a normal course issuer bid repurchasing over 385,000 units by late 2023 for funds from operations accretion, sustained monthly distributions through 2025 amid stable operations, and a strategic emphasis on expansion opportunities in Canada and select international jurisdictions despite prior historical efforts like the 2019 C$70 million equity raise for potential Class A office acquisitions in the Greater Toronto Area and Calgary.

Company News

Company News APIChatGPT

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