True North Commercial Real Estate Investment Trust logo

True North Commercial Real Estate Investment Trust(OTC) TUERF

Market Cap$77.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2019)+175%
5 Year-77%
1 Year-9%
1 Month-13%
$5.52
+0.00%
+0.00Today
True North Commercial Real Estate Investment Trust last closing stock price
MetricPriceDate
Last closeUSD 5.522026-09-29
True North Commercial Real Estate Investment Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-13.05%USD 6.352026-09-22
1 month-13.05%USD 6.352026-08-24
3 month-5.15%USD 5.822026-06-30
Year to date-8.83%USD 6.052025-12-31
1 year-8.62%USD 6.042025-09-29
3 year-27.75%USD 7.642023-09-29
5 year-76.57%USD 23.562021-09-30
Since inception+175.45%USD 2.002019-04-17

True North Commercial Real Estate Investment Trust Financials at a Glance

Market Cap

$77.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

CA$128.65M

Net Income (TTM)

-CA$23.76M

EPS (TTM)

-$1.19

P/E Ratio

-4.65

Dividend

$0.50

Beta (Volatility)

0.16 (Low)

Price

$5.52

Volume

152

Open

$5.52

Previous Close

$5.52

Daily Range

$5.52 - $5.52

52-Week Range

$5.52 - $6.55

Estimated Earnings Date

Nov 10, 2026

TUERF News

No articles available.

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About True North Commercial Real Estate Investment Trust

True North Commercial REIT is a real estate investment trust focused on acquiring and managing commercial office properties. Established in 2012 and headquartered in Toronto, Canada, the company aims to enhance value through strategic acquisitions and effective property management.

Products and Services
  • Acquisition of commercial office properties
  • Property management services
  • Investment in capital appreciation and cash flow security
Growth Outlook
  • Recent quarterly revenue of CAD 27.86 million indicates strong operational performance
  • Trailing twelve months (TTM) revenue reached CAD 112.5 million, showcasing consistent growth
  • Strategic focus on value enhancement positions the company for future expansion
Financial Highlights
  • Dividend yield of 8.41% reflects attractive income potential for investors
  • Recent quarterly net income of CAD -3.1 million shows ongoing challenges
  • TTM operating income margin of 39.84% indicates effective cost management
True North Commercial REIT operates in the office real estate sector, focusing on properties that provide stable cash flows and potential for capital appreciation. The company has demonstrated resilience in its revenue generation, with a recent quarterly revenue of CAD 27.86 million and a TTM revenue of CAD 112.5 million. This consistent performance highlights the effectiveness of its acquisition strategy and property management. Despite facing challenges reflected in the recent net income of CAD -3.1 million, the company maintains a strong operating income margin of 39.84%. This suggests that True North is effectively managing its costs, which is crucial for long-term sustainability. The attractive dividend yield of 8.41% further enhances its appeal to income-focused investors. Overall, True North Commercial REIT presents a compelling opportunity for those interested in the commercial real estate sector, with a focus on strategic growth and value enhancement.
AI Generated • Sep 16, 2026

Industry

Office REITs

Employees

0

CEO

Daniel Drimmer, MBA

Headquarters

Toronto, ON M8X 2X3, CA

TUERF Financials

Key Financial Metrics (TTM)

Gross Margin

51.29%

Operating Margin

47.00%

Net Income Margin

-18.48%

Return on Equity

-6.30%

Return on Capital

5.48%

Return on Assets

-2.03%

Earnings Yield

-21.51%

Dividend Yield

9.01%

Payout Ratio

-41.28%

Stock Overview

Market Cap

$77.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

14.07M

Volume

152

Avg. Volume

23.031

Financials (TTM)

Gross Profit

CA$66.58M

Operating Income

CA$60.46M

EBITDA

CA$7.75M

Operating Cash Flow

CA$54.31M

Capital Expenditure

CA$0.00

Free Cash Flow

CA$54.31M

Cash & ST Invst.

CA$21.68M

Total Debt

CA$736.18M

True North Commercial Real Estate Investment Trust Performance Analysis

True North Commercial Real Estate Investment Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31CAD 110,285,068-0.2%
20232023-12-31CAD 97,951,602-11.2%
20242024-12-31CAD 92,636,174-5.4%
20252025-12-31CAD 93,122,4970.5%
True North Commercial Real Estate Investment Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-308.8%
Q42025-12-3131.8%
Q12026-03-31-25.8%
Q22026-06-30-6.8%
True North Commercial Real Estate Investment Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31CAD 0.78-69.7%
20232023-12-31CAD -1.83N/A
20242024-12-31CAD -1.01-45.0%
20252025-12-31CAD -1.6260.4%
True North Commercial Real Estate Investment Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3056.5%
Q42025-12-31-210.8%
Q12026-03-31103.3%
Q22026-06-30-675.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

CA$27.86M

-0.9%

Gross Profit

CA$12.84M

-7.0%

Gross Margin

46.10%

N/A

Market Cap

$77.65MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.19K

N/A

Employees

65,413

N/A

Net Income

-CA$3.10M

+74.0%

EBITDA

CA$4.69M

+243.0%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

CA$21.68M

+107.2%

Total Debt

CA$736.18M

-2.2%

Accounts Receivable

CA$3.08M

-15.9%

Inventory

CA$0.00

-100.0%

Long Term Debt

CA$409.52M

-32.6%

Short Term Debt

CA$326.66M

+124.4%

Return on Assets

-2.03%

N/A

Return on Invested Capital

7.17%

N/A

Free Cash Flow

CA$11.30M

-51.7%

Operating Cash Flow

CA$11.30M

-51.7%

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Questions About TUERF

What is the current price of True North Commercial Real Estate Investment Trust?

True North Commercial Real Estate Investment Trust is trading at $5.52 per share.

What is the 52-week range for True North Commercial Real Estate Investment Trust?

Over the past 52 weeks, True North Commercial Real Estate Investment Trust has traded between $5.52 and $6.55.

How much debt does True North Commercial Real Estate Investment Trust have?

As of the most recent reporting period, True North Commercial Real Estate Investment Trust reported total debt of CA$518.67M.

How much cash does True North Commercial Real Estate Investment Trust have on hand?

True North Commercial Real Estate Investment Trust reported CA$15.27M in cash and cash equivalents in its most recent financial results.

What is True North Commercial Real Estate Investment Trust’s dividend yield?

True North Commercial Real Estate Investment Trust currently has a dividend yield of 9.01%.

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