(TNT-UN) True North Commercial Real - Ratings and Ratios

True North Commercial Real Estate Investment Trust (TO:TNT-UN) is an unincorporated, open-ended real estate investment trust governed by Ontario provincial laws. The REIT manages a diversified portfolio of 44 commercial properties, totaling approximately 4.8 million square feet, strategically located in urban centers and select secondary markets across Canada. Its investment strategy emphasizes long-term leases with high-credit tenants, including government entities and credit-rated corporations, providing stability and predictable cash flows. The REITs growth strategy focuses on acquiring properties in Canada and other jurisdictions with favorable market conditions.

The REITs current portfolio is concentrated in office and commercial spaces, with a strong emphasis on tenant diversification and lease duration. Its properties are situated in markets with robust demand for commercial real estate, supported by economic stability and infrastructure development. The REITs management team employs a disciplined approach to acquisitions, prioritizing properties with strong tenant covenants and the potential for long-term appreciation in value.

From a technical perspective, TNT-UN is currently trading below its key moving averages, with the 20-day SMA at 8.69, 50-day SMA at 9.34, and 200-day SMA at 10.20. This indicates bearish momentum in the short to medium term. The average trading volume over the past 20 days is 17,097 shares, reflecting moderate liquidity. The ATR of 0.29 suggests low price volatility, indicating a stable trading range.

Fundamentally, the REIT has a market capitalization of 122.61 million CAD, with a price-to-book ratio of 0.27, indicating undervaluation relative to its book value. The price-to-sales ratio of 0.96 suggests the REIT is trading at a discount to its revenue generation capabilities. However, the return on equity (RoE) of -2.70% highlights ongoing profitability challenges, potentially linked to rising interest rates and operational costs.

3-Month Forecast: Based on the convergence of and , TNT-UN is expected to face headwinds in the near term. The REITs share price may remain under pressure due to its negative PE ratio and declining SMA trends. However, the low ATR and stable tenant base could limit downward volatility. If the REIT announces strategic acquisitions or improves its profitability metrics, it may experience a rebound in investor sentiment. Otherwise, the stock is likely to trade in a narrow range, with potential resistance at the 50-day SMA (9.34) and support at the 200-day SMA (10.20).