TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) Stock Fundamental Analysis

TSX:TNT-UN • CA89784Y4076

8.54 CAD

-0.17 (-1.95%)

Last: Feb 12, 2026, 07:00 PM

Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News

Fundamental Rating

Taking everything into account, TNT-UN scores 2 out of 10 in our fundamental rating. TNT-UN was compared to 38 industry peers in the Diversified REITs industry. Both the profitability and financial health of TNT-UN have multiple concerns. TNT-UN does not seem to be growing, but still is valued expensively.

Quickly go to:

1. Profitability 2. Health 3. Growth 4. Valuation 5. Dividend

1. Profitability

1.1 Basic Checks

In the past year TNT-UN has reported negative net income.
TNT-UN had a positive operating cash flow in the past year.
In multiple years TNT-UN reported negative net income over the last 5 years.
Each year in the past 5 years TNT-UN had a positive operating cash flow.

1.2 Ratios

TNT-UN's Return On Assets of -2.64% is on the low side compared to the rest of the industry. TNT-UN is outperformed by 60.53% of its industry peers.
TNT-UN has a worse Return On Equity (-8.08%) than 68.42% of its industry peers.
TNT-UN has a Return On Invested Capital (3.79%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for TNT-UN is in line with the industry average of 5.49%.

		Industry Rank	Sector Rank
ROA	-2.64%
ROE	-8.08%
ROIC	3.79%

ROA(3y)-1.21%

ROA(5y)0.56%

ROE(3y)-3.62%

ROE(5y)1.23%

ROIC(3y)4.65%

ROIC(5y)4.46%

1.3 Margins

TNT-UN's Operating Margin of 43.87% is on the low side compared to the rest of the industry. TNT-UN is outperformed by 68.42% of its industry peers.
TNT-UN's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 48.81%, TNT-UN is not doing good in the industry: 73.68% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TNT-UN has declined.

		Industry Rank	Sector Rank
OM	43.87%
PM (TTM)	N/A
GM	48.81%

OM growth 3Y-3.24%

OM growth 5Y0.9%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-4.55%

GM growth 5Y-2.32%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. Health

2.1 Basic Checks

Compared to 1 year ago, TNT-UN has less shares outstanding
The number of shares outstanding for TNT-UN has been reduced compared to 5 years ago.
The debt/assets ratio for TNT-UN has remained at the same level compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of -0.01, we must say that TNT-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.01, TNT-UN is not doing good in the industry: 71.05% of the companies in the same industry are doing better.
TNT-UN has a debt to FCF ratio of 9.55. This is a negative value and a sign of low solvency as TNT-UN would need 9.55 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 9.55, TNT-UN belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
A Debt/Equity ratio of 1.57 is on the high side and indicates that TNT-UN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.57, TNT-UN is doing worse than 73.68% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	1.57
Debt/FCF	9.55
Altman-Z	-0.01

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 0.26 indicates that TNT-UN may have some problems paying its short term obligations.
TNT-UN has a better Current ratio (0.26) than 60.53% of its industry peers.
A Quick Ratio of 0.26 indicates that TNT-UN may have some problems paying its short term obligations.
TNT-UN has a Quick ratio of 0.26. This is in the better half of the industry: TNT-UN outperforms 63.16% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.26
Quick Ratio	0.26

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. Growth

3.1 Past

TNT-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -182.23%.
TNT-UN shows a decrease in Revenue. In the last year, the revenue decreased by -5.17%.
TNT-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.57% yearly.

EPS 1Y (TTM)-182.23%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-57.67%

Revenue 1Y (TTM)-5.17%

Revenue growth 3Y-2.87%

Revenue growth 5Y3.57%

Sales Q2Q%0.49%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

More info and screens

Find the best growth stocks Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

TNT-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

97.37% of the companies in the same industry are more expensive than TNT-UN, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	1.54
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 22.00%, TNT-UN is a good candidate for dividend investing.
TNT-UN's Dividend Yield is rather good when compared to the industry average which is at 7.11. TNT-UN pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.80, TNT-UN pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	22%

5.2 History

TNT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.

Dividend Growth(5Y)N/A

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

TNT-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.

DP-15.65%

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Find the best dividend stocks Show peers with best dividend

TRUE NORTH COMMERCIAL REAL E

TSX:TNT-UN (2/12/2026, 7:00:00 PM)

8.54

-0.17 (-1.95%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)11-11 2025-11-11

Earnings (Next)03-16 2026-03-16

Inst Owners1.83%

Inst Owner ChangeN/A

Ins Owners12.14%

Ins Owner ChangeN/A

Market Cap120.07M

Revenue(TTM)121.47M

Net Income(TTM)-31.74M

Analysts76.67

Price Target10.28 (20.37%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	22%

Yearly Dividend0

Dividend Growth(5Y)N/A

DP-15.65%

Div Incr Years0

Div Non Decr Years0

Ex-Date01-30 2026-01-30 (0.0575)

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)N/A

Avg Revenue beat(2)N/A

Min Revenue beat(2)N/A

Max Revenue beat(2)N/A

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)0%

PT rev (3m)1.26%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)N/A

EPS NY rev (3m)N/A

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)N/A

Revenue NY rev (3m)N/A

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	0.99
P/FCF	1.54
P/OCF	1.54
P/B	0.31
P/tB	0.31
EV/EBITDA	N/A

EPS(TTM)-2.32

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)5.56

FCFY65.11%

OCF(TTM)5.56

OCFY65.11%

SpS8.64

BVpS27.94

TBVpS27.94

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-2.64%
ROE	-8.08%
ROCE	5.48%
ROIC	3.79%
ROICexc	3.82%
ROICexgc	3.82%
OM	43.87%
PM (TTM)	N/A
GM	48.81%
FCFM	64.36%

ROA(3y)-1.21%

ROA(5y)0.56%

ROE(3y)-3.62%

ROE(5y)1.23%

ROIC(3y)4.65%

ROIC(5y)4.46%

ROICexc(3y)4.7%

ROICexc(5y)4.51%

ROICexgc(3y)4.7%

ROICexgc(5y)4.51%

ROCE(3y)6.6%

ROCE(5y)6.28%

ROICexgc growth 3Y4.29%

ROICexgc growth 5Y11.1%

ROICexc growth 3Y4.29%

ROICexc growth 5Y11.1%

OM growth 3Y-3.24%

OM growth 5Y0.9%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-4.55%

GM growth 5Y-2.32%

F-Score4

Asset Turnover0.1

Health

		Industry Rank	Sector Rank
Debt/Equity	1.57
Debt/FCF	9.55
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	1.62
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	0.26
Quick Ratio	0.26
Altman-Z	-0.01

F-Score4

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-182.23%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-57.67%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-5.17%

Revenue growth 3Y-2.87%

Revenue growth 5Y3.57%

Sales Q2Q%0.49%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-9.95%

EBIT growth 3Y-6.02%

EBIT growth 5Y4.5%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-11.06%

FCF growth 3Y-0.71%

FCF growth 5Y5.25%

OCF growth 1Y-11.06%

OCF growth 3Y-0.71%

OCF growth 5Y5.25%

TRUE NORTH COMMERCIAL REAL E / TNT-UN.CA FAQ

Can you provide the ChartMill fundamental rating for TRUE NORTH COMMERCIAL REAL E?

ChartMill assigns a fundamental rating of 2 / 10 to TNT-UN.CA.

What is the valuation status for TNT-UN stock?

ChartMill assigns a valuation rating of 2 / 10 to TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA). This can be considered as Overvalued.

What is the profitability of TNT-UN stock?

TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) has a profitability rating of 2 / 10.

How financially healthy is TRUE NORTH COMMERCIAL REAL E?

The financial health rating of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) is 3 / 10.

Is the dividend of TRUE NORTH COMMERCIAL REAL E sustainable?

The dividend rating of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) is 5 / 10 and the dividend payout ratio is -15.65%.