True North Commercial Real Estate Investment Trust

True North Commercial Real Estate Investment Trustverified

TNT-UN.TO

Price:

$11.82

Market Cap:

$169.06M

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 48 commercial properties consisting of approximately 4.8 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.[Read more]

Industry

REIT - Office

IPO Date

2013-01-02

Stock Exchange

TSX

Ticker

TNT-UN.TO

The Current Ratio as of November 2024 (TTM) for True North Commercial Real Estate Investment Trust (TNT-UN.TO) is 0.14

According to True North Commercial Real Estate Investment Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.14. This represents a change of -53.08% compared to the average of 0.30 of the last 4 quarters.

True North Commercial Real Estate Investment Trust (TNT-UN.TO) Historical Current Ratio (quarterly & annually)

How has TNT-UN.TO Current Ratio performed in the past?

The mean historical Current Ratio of True North Commercial Real Estate Investment Trust over the last ten years is 0.34. The current 0.14 Current Ratio has changed 3.95% with respect to the historical average. Over the past ten years (40 quarters), TNT-UN.TO's Current Ratio was at its highest in in the September 2016 quarter at 1.72. The Current Ratio was at its lowest in in the June 2019 quarter at 0.06.

Quarterly (TTM)
Annual

Average

0.34

Median

0.34

Minimum

0.07

Maximum

1.02

True North Commercial Real Estate Investment Trust (TNT-UN.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of True North Commercial Real Estate Investment Trust Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 579.61%

Maximum Annual Current Ratio = 1.02

Minimum Annual Increase = -82.04%

Minimum Annual Current Ratio = 0.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.41-10.56%
20220.46579.61%
20210.07-82.04%
20200.38332.53%
20190.09-36.91%
20180.14-52.55%
20170.29-71.49%
20161.02480.72%
20150.18-54.65%
20140.39-7.56%

True North Commercial Real Estate Investment Trust (TNT-UN.TO) Average Current Ratio

How has TNT-UN.TO Current Ratio performed in the past?

The current Current Ratio of True North Commercial Real Estate Investment Trust (TNT-UN.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.31

5-year avg

0.28

10-year avg

0.34

True North Commercial Real Estate Investment Trust (TNT-UN.TO) Current Ratio vs. Peers

How is TNT-UN.TO’s Current Ratio compared to its peers?

True North Commercial Real Estate Investment Trust’s Current Ratio is less than Slate Office REIT (0.47), less than Inovalis Real Estate Investment Trust (0.55), less than BTB Real Estate Investment Trust (0.23), greater than Slate Grocery REIT (0.09), less than NorthWest Healthcare Properties Real Estate Investment Trust (0.22),

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