TRUE NORTH COMMERCIAL REAL E(TSX:TNT-UN) stock Fundamental Analysis

Fundamental Rating

Taking everything into account, TNT-UN scores 3 out of 10 in our fundamental rating. TNT-UN was compared to 37 industry peers in the Diversified REITs industry. TNT-UN may be in some trouble as it scores bad on both profitability and health. TNT-UN is valued expensive and it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

In the past year TNT-UN has reported negative net income.

In the past year TNT-UN had a positive cash flow from operations.

In multiple years TNT-UN reported negative net income over the last 5 years.

In the past 5 years TNT-UN always reported a positive cash flow from operatings.

1.2 Ratios

The Return On Assets of TNT-UN (-1.69%) is comparable to the rest of the industry.

Looking at the Return On Equity, with a value of -5.04%, TNT-UN is doing worse than 64.86% of the companies in the same industry.

With a decent Return On Invested Capital value of 4.54%, TNT-UN is doing good in the industry, outperforming 78.38% of the companies in the same industry.

TNT-UN had an Average Return On Invested Capital over the past 3 years of 4.65%. This is in line with the industry average of 5.52%.

		Industry Rank	Sector Rank
ROA	-1.69%
ROE	-5.04%
ROIC	4.54%

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

With a Operating Margin value of 45.66%, TNT-UN is not doing good in the industry: 64.86% of the companies in the same industry are doing better.

TNT-UN's Operating Margin has been stable in the last couple of years.

TNT-UN has a worse Gross Margin (51.87%) than 75.68% of its industry peers.

TNT-UN's Gross Margin has declined in the last couple of years.

		Industry Rank	Sector Rank
OM	45.66%
PM (TTM)	N/A
GM	51.87%

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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.

TNT-UN has about the same debt/assets ratio as last year.

2.2 Solvency

Based on the Altman-Z score of -0.06, we must say that TNT-UN is in the distress zone and has some risk of bankruptcy.

TNT-UN's Altman-Z score of -0.06 is on the low side compared to the rest of the industry. TNT-UN is outperformed by 78.38% of its industry peers.

The Debt to FCF ratio of TNT-UN is 10.15, which is on the high side as it means it would take TNT-UN, 10.15 years of fcf income to pay off all of its debts.

Looking at the Debt to FCF ratio, with a value of 10.15, TNT-UN belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.

A Debt/Equity ratio of 1.20 is on the high side and indicates that TNT-UN has dependencies on debt financing.

TNT-UN has a Debt to Equity ratio of 1.20. This is comparable to the rest of the industry: TNT-UN outperforms 43.24% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.2
Debt/FCF	10.15
Altman-Z	-0.06

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

TNT-UN has a Current Ratio of 0.23. This is a bad value and indicates that TNT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.

Looking at the Current ratio, with a value of 0.23, TNT-UN is in line with its industry, outperforming 43.24% of the companies in the same industry.

TNT-UN has a Quick Ratio of 0.23. This is a bad value and indicates that TNT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.

With a Quick ratio value of 0.23, TNT-UN perfoms like the industry average, outperforming 45.95% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.23
Quick Ratio	0.23

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

TNT-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.80%, which is quite impressive.

The Revenue has decreased by -4.01% in the past year.

Measured over the past years, TNT-UN shows a small growth in Revenue. The Revenue has been growing by 3.57% on average per year.

EPS 1Y (TTM)39.8%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-179.67%

Revenue 1Y (TTM)-4.01%

Revenue growth 3Y-2.87%

Revenue growth 5Y3.57%

Sales Q2Q%-3.61%

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.

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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

97.30% 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	1.69
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

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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 7.95. TNT-UN pays more dividend than 100.00% of the companies in the same industry.

Compared to an average S&P500 Dividend Yield of 2.37, 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

DP0%

EPS Next 2YN/A

EPS Next 3YN/A

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TRUE NORTH COMMERCIAL REAL E

TSX:TNT-UN (5/16/2025, 7:00:00 PM)

9.15

+0.13 (+1.39%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)05-13 2025-05-13

Earnings (Next)08-04 2025-08-04

Inst Owners1.58%

Inst Owner ChangeN/A

Ins Owners11.99%

Ins Owner ChangeN/A

Market Cap127.92M

Analysts48.57

Price Target11.35 (24.04%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	22%

Yearly Dividend0

Dividend Growth(5Y)N/A

DP0%

Div Incr Years0

Div Non Decr Years0

Ex-Date04-30 2025-04-30 (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)-4.3%

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	1.01
P/FCF	1.69
P/OCF	1.69
P/B	0.31
P/tB	0.31
EV/EBITDA	N/A

EPS(TTM)-1.54

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)5.41

FCFY59.16%

OCF(TTM)5.41

OCFY59.16%

SpS9.08

BVpS29.76

TBVpS29.76

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-1.69%
ROE	-5.04%
ROCE	6.52%
ROIC	4.54%
ROICexc	4.6%
ROICexgc	4.6%
OM	45.66%
PM (TTM)	N/A
GM	51.87%
FCFM	59.63%

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%

ROICexcg growth 3Y4.29%

ROICexcg 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-Score6

Asset Turnover0.1

Health

		Industry Rank	Sector Rank
Debt/Equity	1.2
Debt/FCF	10.15
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	1.86
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	0.23
Quick Ratio	0.23
Altman-Z	-0.06

F-Score6

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)39.8%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-179.67%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-4.01%

Revenue growth 3Y-2.87%

Revenue growth 5Y3.57%

Sales Q2Q%-3.61%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-22.57%

EBIT growth 3Y-6.02%

EBIT growth 5Y4.5%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y2.34%

FCF growth 3Y-0.71%

FCF growth 5Y5.25%

OCF growth 1Y2.34%

OCF growth 3Y-0.71%

OCF growth 5Y5.25%

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

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens