True North Commercial REIT (TSE:TNT.UN) Sets New 52-Week Low – Here’s Why

True North Commercial REIT (TSE:TNT.UN)’s share price reached a new 52-week low during trading on Thursday. The stock traded as low as C$7.62 and last traded at C$7.73, with a volume of 17283 shares. The stock had previously closed at C$7.77.

True North Commercial REIT Stock Performance

The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The business has a 50 day moving average price of C$8.47 and a 200 day moving average price of C$8.40. The stock has a market capitalization of C$108.60 million, a PE ratio of -4.58 and a beta of 0.89.

True North Commercial REIT (TSE:TNT.UN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.23) earnings per share (EPS) for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.The company had revenue of C$27.85 million during the quarter.

True North Commercial REIT Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were paid a $0.0575 dividend. This represents a $0.69 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Friday, July 31st. True North Commercial REIT’s dividend payout ratio is currently -40.92%.

About True North Commercial REIT

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 37 properties consisting of approximately 4.4 million square feet in urban and select strategic secondary markets across Canada. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.