What is True North Commercial Real Estate Investment Trust's (TNT-UN.TO) StockRank?

MoatMap's StockRank for True North Commercial Real Estate Investment Trust (TNT-UN.TO) is 54/100, with a Hold signal. This is a composite score combining Quality (31), Value (63), and Momentum (50) factor ranks across MoatMap's 20,000+ stock universe.

Does True North Commercial Real Estate Investment Trust have an economic moat?

True North Commercial Real Estate Investment Trust (TNT-UN.TO) has a Quality factor score of 31/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is True North Commercial Real Estate Investment Trust a buy, hold, or sell?

MoatMap's current signal for True North Commercial Real Estate Investment Trust (TNT-UN.TO) is Hold, based on a StockRank of 54/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is True North Commercial Real Estate Investment Trust in?

True North Commercial Real Estate Investment Trust (TNT-UN.TO) operates in the Real Estate sector, specifically the REIT - Office industry (Canada).

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TNT-UN.TO

HOLDREMOVE

True North Commercial Real Estate Investment Trust · Real Estate · Canada · $87M · Avg Vol: $101K/d

StockRank

P/E (TTM)

—

ROE

-8.3%

D/E

2.0x

Dividend %

8.2%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

True North Commercial REIT is a Canadian office-focused real estate trust. The office sector faces structural, secular headwinds from remote work, and the company's high leverage and weak cash flow profile make it an easy avoid.

COMPANY DESCRIPTION

True North Commercial Real Estate Investment Trust is a Canadian REIT focused on acquiring and managing a portfolio of commercial office properties across Canada. The trust's competitive moat is its highly defensive tenant profile, with a significant portion of its rental revenue secured by government and high-credit-rated corporate tenants. It operates as a focused real estate player, prioritizing long-term lease stability and consistent cash distributions to unitholders.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR
Revenue	101.3M	93.3M	89.6M	91.8M	-3.2%
EPS	0.73	-1.83	-1.05	-1.64	—
Shares	16.0M	15.7M	14.1M	14.1M	-12.0%
Debt	607.7M	579.4M	541.8M	517.2M	-5.2%
Equity	368.5M	319.6M	293.6M	264.7M	-10.4%
Op CF	72.9M	52.2M	53.4M	50.3M	-11.7%
Inv CF	-51.4M	22.9M	20.9M	1.6M	—
Fin CF	-18.7M	-75.5M	-71.9M	-55.2M	—

PRICE (1Y)+3.0%

SMA 50SMA 200

$6.03

RSI (14)

65.6

52W High

$6.37

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

0.1%13.9

ROE

-8.3%8.8

GP/Assets

5.7%49.9

Op. Margin

41.1%60.4

FCF/Assets

2.5%53.3

Piotroski

658.3

Int. Cover

0.0x12.1

D/E Ratio

1.98x13.4

Current Ratio

0.18x6.7

Value

P/E (TTM)

—N/A

EV/EBITDA

—N/A

P/FCF

4.0x86.9

P/B

0.3x93.0

P/S

0.9x81.4

Div Yield

8.2%87.2

Momentum

52W High %

95%81.2

RS 6M

-9%50.3

SMA 50/200

0.98x44.8

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

-5%35.5

FUNDAMENTALS

Market Cap

$87M

P/E (Forward)

—

Gross Margin

52.8%

SECTOR PEERS

Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of TNT-UN.TO are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
TNT-UN.TO	True North Commercial Real Estate Investment Trust(you)	$87M	54	HOLD
BTB-UN.TO	BTB Real Estate Investment Trust	$242M	66	BUY
AP-UN.TO	Allied Properties Real Estate Investment Trust	$1.4B	10	STRONG SELL
BRE.TO	Bridgemarq Real Estate Services Inc.	$88M	82	STRONG BUY
MRT-UN.TO	Morguard Real Estate Investment Trust	$318M	63	HOLD
DRM.TO	Dream Unlimited Corp.	$578M	57	HOLD
HOM-U.TO	BSR Real Estate Investment Trust	$466M	45	HOLD
MRG-UN.TO	Morguard North American Residential Real Estate Investment Trust	$822M	62	HOLD
VITL-UN.TO	Vital Infrastructure Property Trust	$942M	63	HOLD
REAL.TO	Real Matters Inc.	$294M	21	SELL

Peer medians: ROE 3.9% · P/E 17.5x · Gross margin 62.1%

True North Commercial Real Estate Investment Trust (TNT-UN.TO) — Stock Score Summary

True North Commercial Real Estate Investment Trust (TNT-UN.TO) has a MoatMap StockRank of 54/100 based on Quality (31/100), Value (63/100), and Momentum (50/100) factor scores. The current signal is HOLD. True North Commercial REIT is a Canadian office-focused real estate trust. The office sector faces structural, secular headwinds from remote work, and the company's high leverage and weak cash flow profile make it an easy avoid.

Key Financial Metrics

Price	$6.03
Market Cap	$87M
Price/Book	0.32
Return on Equity	-8.3%
Return on Invested Capital	0.1%
Debt/Equity	197.74
Gross Margin	52.8%
Operating Margin	41.1%
Revenue Growth	-4.0%
Dividend Yield	8.2%
Free Cash Flow	$22M

True North Commercial Real Estate Investment Trust operates in the REIT - Office industry, part of the Real Estate sector (Canada).

Frequently Asked Questions

What is True North Commercial Real Estate Investment Trust’s (TNT-UN.TO) StockRank?: MoatMap’s StockRank for True North Commercial Real Estate Investment Trust (TNT-UN.TO) is 54/100, with a Hold signal. It is a composite of Quality (31), Value (63), and Momentum (50) factor ranks across MoatMap’s 20,000+ stock universe.
Does True North Commercial Real Estate Investment Trust have an economic moat?: True North Commercial Real Estate Investment Trust (TNT-UN.TO) has a Quality factor score of 31/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is True North Commercial Real Estate Investment Trust a buy, hold, or sell?: MoatMap’s current signal for True North Commercial Real Estate Investment Trust (TNT-UN.TO) is Hold, based on a StockRank of 54/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is True North Commercial Real Estate Investment Trust in?: True North Commercial Real Estate Investment Trust (TNT-UN.TO) operates in the Real Estate sector, specifically the REIT - Office industry (Canada).