True North Commercial Real Estate Investment Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.58
Dividend & Yield0.59C$ (9.47%)
Beta 1.37
Market capitalization 1.11B
Operating cash flow 81.55M
ESG Scores unknown

Company description

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.

Sector: Real Estate - Industry: REIT—Office

Financial Ratios
Quick Ratio0.07
Working Capital-0.31
Return On Equity0.09
Debt To Equity1.3
Fixed Asset Ratio0.52
Fixed Interest Cover2.83

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 2.57M -862k 3.52M -4.17M
Total Cashflows From Investing Activities -233.46M -418.07M -19.39M -31.74M
Net Borrowings 127.12M 260.55M 18.51M 6.58M
Total Cash From Financing Activities 175.23M 362.65M -53.08M -64.68M
Change To Operating Activities 3.16M 382k 3.59M -750k
Issuance Of Stock 92.06M 153.73M 3.23M 3.23M
Net Income 49.62M 24.18M 39.75M 51M
Change In Cash -4.92M 3.18M 18.91M -19.1M
Effect Of Exchange Rate
Total Cash From Operating Activities 53.31M 58.59M 91.38M 77.31M
Depreciation
Change To Account Receivables 1.24M -443k 732k -1.2M
Other Cashflows From Financing Activities -17.33M -20.23M -27.55M -27.31M
Change To Netincome -4.05M 34.27M 42.64M 31.05M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 49.62M 24.18M 39.75M 51M
Net Income 49.62M 24.18M 39.75M 51M
Selling General Administrative 3.1M 5.53M 5.76M 6.91M
Gross Profit 51.31M 62.06M 83.95M 82.7M
Ebit 48.21M 56.53M 78.18M 75.8M
Operating Income 48.21M 56.53M 78.18M 75.8M
Interest Expense -18.74M -24.25M -36.09M -26.76M
Income Tax Expense
Total Revenue 87.07M 106.46M 139.43M 138.52M
Cost Of Revenue 35.76M 44.39M 55.48M 55.82M
Total Other Income ExpenseNet 1.41M -32.35M -38.43M -24.79M
Net Income From Continuing Ops 49.62M 24.18M 39.75M 51M
Net Income Applicable To Common Shares 49.62M 24.18M 39.75M 51M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 576.26M 848.23M 879.67M 881.11M
Total Stockholder Equity 363.09M 527.33M 525.21M 540.07M
Other Current Liabilities 7.36M 9.47M 12.06M 12.65M
Total Assets 939.35M 1.38B 1.4B 1.42B
Common Stock 341.04M 519.2M 528.17M 544.12M
Other Current Assets 4.12M 3.2M 1.52M 2.88M
Retained Earnings 22.05M 8.13M -2.96M -4.05M
Treasury Stock
Cash 2.49M 5.67M 24.58M 5.48M
Total Current Liabilities 70.92M 138.64M 75.59M 177.21M
Other Stockholder Equity
Property, Plant, and Equipment 928.14M 1.36B 1.37B 1.4B
Total Current Assets 9.83M 12.13M 28.6M 12.04M
Net Tangible Assets 363.09M 527.33M 525.21M 540.07M
Net Receivables 2.79M 3.24M 2.5M 3.69M
Accounts Payable 12.12M 15.28M 23.09M 21.21M


Insider Transactions

Here are the insider transactions of stock shares related to True North Commercial Real Estate Investment Trust:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Allison (Margaret Ann)Acquisition or disposition in the public market at price 5.16 per share.D2022-08-10Senior Officer of Issuer4.8k
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.12 per share.I2022-08-0510% Security Holder of Issuer136
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.10 per share.I2022-08-0510% Security Holder of Issuer600
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.11 per share.I2022-08-0510% Security Holder of Issuer300
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.13 per share.I2022-08-0510% Security Holder of Issuer25.2k
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.11 per share.I2022-08-0510% Security Holder of Issuer1.6k
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.13 per share.I2022-08-0510% Security Holder of Issuer3.05k
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.12 per share.I2022-08-0510% Security Holder of Issuer600
Drimmer (Daniel)Acquisition or disposition in the public market at price 5.12 per share.I2022-08-0510% Security Holder of Issuer5.3k
Ossip (Alon Samuel)Exercise of options at price 4.70 per share.D2022-07-14Director of Issuer242
Drimmer (Daniel)Exercise of options at price 4.76 per share.D2022-07-1310% Security Holder of Issuer60k
Drimmer (Daniel)D2022-07-1310% Security Holder of Issuer60k
Drimmer (Daniel)I2022-07-1310% Security Holder of Issuer60k
Sherren (Tracy)Acquisition or disposition in the public market at price 5.54 per share.I2022-04-12Director of Issuer5k
Allison (Margaret Ann)Acquisition or disposition in the public market at price 5.54 per share.D2022-04-12Senior Officer of Issuer931
Sherren (Tracy)Acquisition or disposition in the public market at price 5.75 per share.I2022-03-31Director of Issuer7.5k
Allison (Margaret Ann)Acquisition or disposition in the public market at price 5.82 per share.D2022-03-22Senior Officer of Issuer4.74k
Ossip (Alon Samuel)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer400
Poklar (Sandy Ivan)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer400
Sherren (Tracy)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer8.58k
Veiner (Leslie)Expiration of rights at price 5.60 per share.D2022-03-21Senior Officer of Issuer2.53k
Drimmer (Daniel)I2022-03-2110% Security Holder of Issuer429
Drimmer (Daniel)D2022-03-2110% Security Holder of Issuer429
Baryshnik (Jeff Matthew)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer400
Drimmer (Daniel)Exercise of rights at price 5.60 per share.D2022-03-2110% Security Holder of Issuer429
Cardy (Roland)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer456
Biggar (William John)Exercise of rights at price 5.60 per share.D2022-03-21Director of Issuer456
Allison (Margaret Ann)Exercise of rights at price 5.60 per share.D2022-03-21Senior Officer of Issuer931
Biggar (William John)Acquisition or disposition in the public market at price 5.77 per share.D2022-01-10Director of Issuer15.22k
Sherren (Tracy)Acquisition or disposition under a purchase/ownership plan at price 5.55 per share.I2021-12-31Director of Issuer743
Ossip (Alon Samuel)Acquisition or disposition under a purchase/ownership plan at price 5.64 per share.I2021-12-31Director of Issuer50.74k
Poklar (Sandy Ivan)Acquisition or disposition under a purchase/ownership plan at price 5.64 per share.D2021-12-31Director of Issuer72
Cardy (Roland)Acquisition or disposition under a purchase/ownership plan at price 5.64 per share.D2021-12-31Director of Issuer30
Poklar (Sandy Ivan)Acquisition or disposition under a purchase/ownership plan at price 5.64 per share.I2021-12-31Director of Issuer1.19k
Allison (Margaret Ann)Acquisition or disposition under a purchase/ownership plan at price 5.64 per share.D2021-12-31Senior Officer of Issuer894
Sherren (Tracy)Acquisition or disposition in the public market at price 5.91 per share.D2021-11-11Director of Issuer5k
Sherren (Tracy)Acquisition or disposition in the public market at price 5.89 per share.D2021-11-11Director of Issuer5k
Sherren (Tracy)Acquisition or disposition in the public market at price 5.88 per share.D2021-11-11Director of Issuer5k
Allison (Margaret Ann)Acquisition or disposition in the public market at price 6.05 per share.I2021-11-05Senior Officer of Issuer4.03k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to True North Commercial Real Estate Investment Trust. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on True North Commercial Real Estate Investment Trust

Here is the result of two systematic investment strategies applied to True North Commercial Real Estate Investment Trust. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on True North Commercial Real Estate Investment Trust

The following chart shows the equity curve of the two systematic investment strategies applied to True North Commercial Real Estate Investment Trust:

True North Commercial Real Estate Investment Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -10.61% on the backtest period.

Performance at glance

Performance

-10.61 %

Latent gain

-79.12 C$

Invested capital

745.76 C$

Annualized return

-8.04 %
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Momentum strategy results on True North Commercial Real Estate Investment Trust

This is the result of two momentum investment strategies applied to True North Commercial Real Estate Investment Trust. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on True North Commercial Real Estate Investment Trust

The following chart shows all the entries opened by the momentum investment system on True North Commercial Real Estate Investment Trust:

True North Commercial Real Estate Investment Trust momentum entries
  • The first momentum investment strategy would give -11.87% of return on True North Commercial Real Estate Investment Trust. That represents -206.26C$ of latent gain with 1738.25C$ of employed capital.
  • The second momentum investment strategy would give -12.14% of return on True North Commercial Real Estate Investment Trust. That represents -151.41C$ of latent gain with 1247.52C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-11.87 %

Latent gain

-206.26 C$

Invested capital

1738.25 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-12.14 %

Latent gain

-151.41 C$

Invested capital

1247.52 C$

Annualized return

-14.45 %

Momentum equity curve on True North Commercial Real Estate Investment Trust

The following chart shows the equity curve of the two momentum strategies applied to True North Commercial Real Estate Investment Trust:

True North Commercial Real Estate Investment Trust momentum equity

Note: the dividends potentially given by True North Commercial Real Estate Investment Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on True North Commercial Real Estate Investment Trust

The following chart shows the employed capital evolution of the two momentum strategies on True North Commercial Real Estate Investment Trust since the beginning:

True North Commercial Real Estate Investment Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on True North Commercial Real Estate Investment Trust

Buy the dip entry openings on True North Commercial Real Estate Investment Trust

True North Commercial Real Estate Investment Trust

The performance achieved by the robo-advisor on True North Commercial Real Estate Investment Trust is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows True North Commercial Real Estate Investment Trust stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of True North Commercial Real Estate Investment Trust, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to True North Commercial Real Estate Investment Trust

The following chart shows the result of the investment strategy applied to True North Commercial Real Estate Investment Trust:

True North Commercial Real Estate Investment Trust

Note: the dividends potentially given by True North Commercial Real Estate Investment Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on True North Commercial Real Estate Investment Trust

The following chart shows the employed capital evolution since the beginning of the investment strategy on True North Commercial Real Estate Investment Trust:

True North Commercial Real Estate Investment Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on True North Commercial Real Estate Investment Trust

In this section, I will compare the three previous investment strategies applied to True North Commercial Real Estate Investment Trust.

Equity curve comparison on True North Commercial Real Estate Investment Trust

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

True North Commercial Real Estate Investment Trust investment strategy comparison

Employed capital comparison on True North Commercial Real Estate Investment Trust

True North Commercial Real Estate Investment Trust investment comparison

Performance comparison on True North Commercial Real Estate Investment Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -10.61% -79.12C$ 745.76C$ -8.04%
Momentum 1 quarter -11.87% -206.26C$ 1738.25C$ -10.99%
Momentum 2 quarters -12.14% -151.41C$ 1247.52C$ -14.45%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

-8.04 %

Momentum 1Q

-14.45 %

Momentum 2Q

-14.45 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with True North Commercial Real Estate Investment Trust:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between True North Commercial Real Estate Investment Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of True North Commercial Real Estate Investment Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name True North Commercial Real Estate Investment Trust
Country Canada
City Toronto
Address 3280 Bloor Street West
Phone (416) 234-8444
Website www.truenorthreit.com
FullTime employees
Industry REIT—Office
Sector Real Estate
Exchange XTSE
Ticker TNT-UN.XTSE
Market

True North Commercial Real Estate Investment Trust ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown