True North Commercial REIT (TSE:TNT.UN) to Issue $0.06 Monthly Dividend

True North Commercial REIT (TSE:TNT.UN) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0575 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, May 29th.

True North Commercial REIT Stock Up 0.6%

Shares of TSE TNT.UN opened at C$8.35 on Wednesday. The stock has a market capitalization of C$117.46 million, a P/E ratio of -3.60 and a beta of 1.06. The company has a 50-day moving average price of C$8.24 and a 200-day moving average price of C$8.62. True North Commercial REIT has a 1 year low of C$7.99 and a 1 year high of C$9.70. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06.

True North Commercial REIT (TSE:TNT.UN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$29.83 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 Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.