True North Commercial REIT
TSX:TNT.UN
Intrinsic Value
True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. [ Read More ]
The intrinsic value of one TNT.UN stock under the Base Case scenario is 49.02 CAD. Compared to the current market price of 9.25 CAD, True North Commercial REIT is Undervalued by 81%.
Valuation Backtest
True North Commercial REIT
Run backtest to discover the historical profit from buying and selling TNT.UN stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Balance Sheet Decomposition
True North Commercial REIT
Current Assets | 50m |
Cash & Short-Term Investments | 6.4m |
Receivables | 6.2m |
Other Current Assets | 37.4m |
Non-Current Assets | 1.3B |
Long-Term Investments | 1.3B |
Other Non-Current Assets | 4m |
Current Liabilities | 163.7m |
Accounts Payable | 33.4m |
Accrued Liabilities | 2.5m |
Short-Term Debt | 18.1m |
Other Current Liabilities | 109.7m |
Non-Current Liabilities | 709.1m |
Long-Term Debt | 703.8m |
Other Non-Current Liabilities | 5.3m |
Earnings Waterfall
True North Commercial REIT
Revenue
|
134.8m
CAD
|
Cost of Revenue
|
-59m
CAD
|
Gross Profit
|
75.8m
CAD
|
Operating Expenses
|
240k
CAD
|
Operating Income
|
76.1m
CAD
|
Other Expenses
|
-132.7m
CAD
|
Net Income
|
-56.6m
CAD
|
Free Cash Flow Analysis
True North Commercial REIT
What is Free Cash Flow?
TNT.UN Profitability Score
Profitability Due Diligence
True North Commercial REIT's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
True North Commercial REIT's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
TNT.UN Solvency Score
Solvency Due Diligence
True North Commercial REIT's solvency score is 19/100. The higher the solvency score, the more solvent the company is.
Score
True North Commercial REIT's solvency score is 19/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TNT.UN Price Targets Summary
True North Commercial REIT
According to Wall Street analysts, the average 1-year price target for TNT.UN is 9.45 CAD with a low forecast of 8.13 CAD and a high forecast of 11.81 CAD.
Shareholder Return
TNT.UN Price
True North Commercial REIT
Average Annual Return | 0.1% |
Standard Deviation of Annual Returns | 18.15% |
Max Drawdown | -85% |
Market Capitalization | 148m CAD |
Shares Outstanding | 15 210 000 |
Percentage of Shares Shorted | 0.23% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2012-08-31. The objectives of the REIT is to generate stable cash distributions on a tax-efficient basis; expand the asset base of the REIT and increase its distributable cash flow through acquisitions of commercial rental properties across Canada and such other jurisdictions where opportunities exist, and enhance the value of the REIT’s assets to maximize long-term unit value through active management of its assets. The REIT owns and operates a portfolio of approximately 45 office properties across Canada consisting of 4.7 million square feet. Its investment sectors include public administration, services, finance, insurance, real estate, manufacturing and others. Its properties include 855 8th Avenue SW, 4500 & 4520 - 16th Avenue NW, 1020 68th Avenue NE, 3699 63rd Avenue NE, 13140 St. Albert Trail and others.
Contact
IPO
Employees
Officers
The intrinsic value of one TNT.UN stock under the Base Case scenario is 49.02 CAD.
Compared to the current market price of 9.25 CAD, True North Commercial REIT is Undervalued by 81%.