Financials True North Commercial Real Estate Investment Trust

Equities

TNT.UN

CA89784Y4076

Commercial REITs

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
9.65 CAD +0.73% Intraday chart for True North Commercial Real Estate Investment Trust +9.16% -3.98%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Capitalization 1 612.4 544.3 655.4 531.1 144.7 -
Enterprise Value (EV) 1 612.4 544.3 655.4 1,368 144.7 144.7
P/E ratio - - - - - -
Yield 8.15% 9.41% 8.02% 10.3% - -
Capitalization / Revenue 5,752,325 x 3,903,555 x 4,731,112 x 3,698,892 x - -
EV / Revenue 5,752,325 x 3,903,555 x 4,731,112 x 3,698,898 x - -
EV / EBITDA 10,832,556 x 6,979,962 x 8,655,034 x 6,602,876 x - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Price to Book - - - - - -
Nbr of stocks (in thousands) 14,609 15,001 15,382 15,952 14,993 -
Reference price 2 41.92 36.28 42.61 33.29 9.650 9.650
Announcement Date 3/3/20 3/3/21 3/2/22 3/14/23 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025
Net sales 106.5 139.4 138.5 143.6 - -
EBITDA 56.53 77.98 75.72 80.43 - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income - - - - - -
Net margin - - - - - -
EPS - - - - - -
Free Cash Flow - - - - - -
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 1 3.416 3.416 3.416 3.416 - -
Announcement Date 3/3/20 3/3/21 3/2/22 3/14/23 - -
1CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q2 2023 Q3 2024 Q1 2024 Q2 2024 Q3
Net sales - - - - - - - - - - -
EBITDA - - - - - - - - - - -
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS - - - - - - - - - - -
Dividend per Share 1 0.8539 0.8539 0.8539 0.8539 0.8539 0.8539 0.4269 0.4269 - - -
Announcement Date 11/3/21 3/2/22 5/5/22 8/3/22 11/2/22 3/14/23 8/3/23 11/13/23 - - -
1CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 552 815 817 838 866 814
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 29.2 29.4 40.2 30 -37.9 46.7
ROE (net income / shareholders' equity) 16.2% 5.43% 7.55% 9.58% 3.11% -8.33%
ROA (Net income/ Total Assets) 3.73% 3.05% 3.51% 3.35% 3.5% 3.01%
Assets 1 1,329 792.1 1,134 1,521 472.2 -1,347
Book Value Per Share 2 36.50 35.80 35.00 35.00 32.70 28.90
Cash Flow per Share 2 0.2500 0.3800 1.640 0.3500 0.6000 0.5700
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/13/19 3/3/20 3/3/21 3/2/22 3/14/23 3/19/24
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
9.65 CAD
Average target price
9.25 CAD
Spread / Average Target
-4.15%
Consensus

Chiffre d''affaires - Rate of surprise

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