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True North Commercial REIT (TNT_u.TO)

TNT_u.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

True North Commercial REIT Qtrly ‍FFO Per Unit $0.15​
Wednesday, 7 Mar 2018 

March 7 (Reuters) - True North Commercial Reit ::TRUE NORTH COMMERCIAL REIT REPORTS SIGNIFICANT GROWTH IN Q4-2017.TRUE NORTH COMMERCIAL REIT QTRLY ‍FFO PER UNIT $0.15​.TRUE NORTH COMMERCIAL REIT QTRLY ‍AFFO PER UNIT $0.15​.TRUE NORTH COMMERCIAL REIT - ‍REVENUE IN Q4 OF 2017 INCREASED TO $16.36 MILLION, COMPARED WITH $11.76 MILLION IN Q4 2016​.TRUE NORTH COMMERCIAL REIT QTRLY ‍NET OPERATING INCOME INCREASED BY 44% TOTALING $9.94 MILLION COMPARED TO Q4 2016​.  Full Article

True North Commercial REIT Acquires 78,800 Square Foot Class "A" Office Building
Monday, 18 Dec 2017 

Dec 18 (Reuters) - True North Commercial REIT ::TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST CONTINUES URBAN GROWTH IN GTA WITH THE ACQUISITION OF A BOMA AWARD WINNING 78,800 SQUARE FOOT CLASS "A" OFFICE BUILDING.TRUE NORTH COMMERCIAL REIT - PURCHASE PRICE FOR HARVESTER PROPERTY IS ABOUT $22.8 MILLION, EXCLUSIVE OF CLOSING COSTS.  Full Article

True North Commercial REIT Announces Renewal Of Normal Course Issuer Bid
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - True North Commercial REIT ::TRUE NORTH COMMERCIAL REIT ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID.TRUE NORTH COMMERCIAL REIT - MAY PURCHASE UP TO 100,000 UNITS, REPRESENTING ABOUT 0.27% OF REIT'S FLOAT OF 36.8 MILLION UNITS FOR CANCELLATION.  Full Article

True North Commercial REIT Continues Urban Growth In Halifax With The Acquisition Of A 297,850 Square Foot Business Campus
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - True North Commercial REIT ::TRUE NORTH COMMERCIAL REAL ESTATE INVESTMENT TRUST CONTINUES URBAN GROWTH IN HALIFAX WITH THE ACQUISITION OF A 297,850 SQUARE FOOT BUSINESS CAMPUS.TRUE NORTH COMMERCIAL REIT - PURCHASE PRICE FOR BLUEFROG IS APPROXIMATELY $53.0 MILLION, EXCLUSIVE OF CLOSING COSTS.TRUE NORTH COMMERCIAL REIT - PURCHASE PRICE FOR BLUEFROG EXPECTED TO BE SATISFIED WITH FIRST MORTGAGE FINANCING, CASH ON HAND.  Full Article

True North Commercial REIT posts Q3 FFO per unit $0.15​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - True North Commercial REIT :True North Commercial REIT continues strong growth and operating performance in Q3 2017.True North Commercial REIT qtrly ‍diluted FFO per unit was $0.15​.True North Commercial REIT qtrly ‍AFFO per unit was $0.15​.  Full Article

True North Commercial Real Estate Investment Trust raises equity offering to $35 mln
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - True North Commercial Reit ::True North Commercial Real Estate Investment Trust announces an increase to the previously announced equity offering to $35 million.True North Commercial REIT - ‍to increase size of previously announced public offering to 5.6 million trust units of reit at a price of $6.28 per unit​.  Full Article

True North Commercial REIT announces $106.1 million of urban acquisitions
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - True North Commercial Reit ::True North Commercial REIT announces significant $106.1 million of urban acquisitions totalling 492,900 SF in Victoria, GTA, Ottawa, Halifax and Cambridge and a $25 million equity offering.Says ‍bridge facility of up to $47.6 million will be made available by an affiliate of CIBC Capital Markets​.Says ‍upon completion of acquisitions, REIT's occupancy is expected to remain stable at 97.1 percent​.Says deal will be funded through about $28.5 million from bought deal offering completed earlier, $15.0 million from Oct. 11's offering​, among others.Says entered agreement to sell on bought deal basis, 4 million trust units of REIT at price of $6.28/unit.  Full Article

True North Commercial REIT reports Q2 adjusted funds from operations per unit of $0.15​
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - True North Commercial Reit -:True North Commercial REIT delivers strong results in Q2 2017.True North Commercial REIT - qtrly ‍revenue from property operations increased by 31% to $12.6 million from $9.6 million in q2 2016​.True North Commercial REIT - qtrly ‍net operating income grew by 36% to $8.1 million compared with $5.9 million in q2 2016​.True North Commercial REIT - qtrly ‍basic and diluted funds from operations per trust unit $0.16​.True North Commercial Reit - qtrly ‍basic and diluted adjusted funds from operations per unit of $0.15 for Q2 2017​.  Full Article

True North Commercial REIT continues urban growth with $53.6 mln property acquisitions in GTA, Ottawa And Victoria
Monday, 5 Jun 2017 

June 5 (Reuters) - True North Commercial Reit -:True North Commercial Real Estate Investment Trust continues urban growth with $53.6 million of strategic property acquisitions in gta, ottawa and victoria.True North Commercial REIT - ‍aggregate purchase price for acquisition properties is approximately $53.6 million, exclusive of closing costs​.True North Commercial-deal expected to be satisfied by a combination of proceeds from reit's november public unit offering, first mortgage financing​.True North Commercial REIT - ‍acquisition properties are expected to be immediately accretive to reit's adjusted funds from operations​.True North Commercial REIT - ‍upon completion of acquisitions, occupancy is expected to be 97.7%​.  Full Article

True North Commercial REIT qtrly FFO per unit diluted $0.15
Thursday, 11 May 2017 

May 11 (Reuters) - True North Commercial REIT ::True North Commercial REIT reports strong performance in Q1 2017.True North Commercial REIT - qtrly net operating income increased 32% to $7.8 million compared with q1 2016.Qtrly FFO per unit diluted $0.15.True north commercial REIT- basic and diluted adjusted funds from operations per unit remained consistent at $0.15 for q1 2017.  Full Article