True North Commercial REIT engages in the acquisition of commercial office properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2012-08-31. The REIT is primarily focused on creating value for unitholders through the investment in and ownership of quality commercial properties in Canada. The REIT’s primary objective is to maximize total returns to its 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. The REIT owns and operates a portfolio of approximately 40 commercial properties consisting of approximately 4.6 million square feet in urban and select strategic secondary markets across Canada, focusing on long-term leases with government and credit-rated tenants. Its properties include 36 and 38 Solutions Drive, 500 Beaverbrook Court, 61 Bill Leathem Drive, 675 Cochrane Drive, and 1112 Fort Street, among others.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenue
121
126
132
143
138
139
Revenue Growth (YoY)
-5%
-5%
-8%
4%
-1%
31%
Cost of Revenue
62
61
59
57
56
55
Gross Profit
59
65
72
86
82
83
Selling, General & Admin
5
5
5
6
6
5
Research & Development
--
--
--
--
--
--
Operating Expenses
6
7
-2
3
12
4
Other Non Operating Income (Expenses)
--
--
--
--
--
--
Pretax Income
-31
-20
-40
16
51
39
Income Tax Expense
--
--
--
--
--
--
Net Income
-31
-20
-40
16
51
39
Net Income Growth
182%
-50%
-350%
-69%
31%
63%
Shares Outstanding (Diluted)
13.97
14.08
15.67
16
15.4
15
Shares Change (YoY)
-2%
-10%
-2%
4%
3%
2%
EPS (Diluted)
-2.27
-1.48
-2.59
1.04
3.31
2.65
EPS Growth
177%
-43%
-349%
-69%
25%
62%
Free Cash Flow
78
75
73
103
77
91
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
48.76%
51.58%
54.54%
60.13%
59.42%
59.71%
Operating Margin
43.8%
45.23%
56.06%
57.34%
50%
56.83%
Profit Margin
-25.61%
-15.87%
-30.3%
11.18%
36.95%
28.05%
Free Cash Flow Margin
64.46%
59.52%
55.3%
72.02%
55.79%
65.46%
EBITDA
--
--
--
--
--
--
EBITDA Margin
--
--
--
--
--
--
D&A For EBITDA
--
--
--
--
--
--
EBIT
53
57
74
82
69
79
EBIT Margin
43.8%
45.23%
56.06%
57.34%
50%
56.83%
Effective Tax Rate
--
--
--
--
--
--
Follow-Up Questions
What are True North Commercial REIT's key financial statements?
According to the latest financial statement (Form-10K), True North Commercial REIT has a total asset of $1,240, Net loss of $-20
What are the key financial ratios for TUERF?
True North Commercial REIT's Current ratio is 1.5, has a Net margin is -15.87, sales per share of $8.94.
How is True North Commercial REIT's revenue broken down by segment or geography?
True North Commercial REIT largest revenue segment is OEMs, at a revenue of 7,282,000,000 in the most earnings release.For geography, Asia Pacific is the primary market for True North Commercial REIT, at a revenue of 5,198,000,000.
Is True North Commercial REIT profitable?
no, according to the latest financial statements, True North Commercial REIT has a net loss of $-20
Does True North Commercial REIT have any liabilities?
yes, True North Commercial REIT has liability of 824
How many outstanding shares for True North Commercial REIT?
True North Commercial REIT has a total outstanding shares of 14.08