TUERF (True North Commercial REIT) Days Payable: 252.85 (As of Mar. 2026) — 87% Above Median

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TUERF True North Commercial REIT TUERF
63 GF Score
Price $6.28
GF Value $7.63
Valuation Modestly Undervalued
! 6 Warning Signs
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What is True North Commercial REIT Days Payable?

True North Commercial REIT TUERF 63 Days Payable is 252.85 as of Mar. 2026, which is 87% above its 10-year median of 135.19. GuruFocus rates TUERF with a GF Score™ of 63/100 and a GF Value™ of $7.63 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 540 REITs companies, True North Commercial REIT ranks better than 77.22% on this metric.

True North Commercial REIT's average Accounts Payable for the three months ended in Mar. 2026 was $32.86 Mil. True North Commercial REIT's Cost of Goods Sold for the three months ended in Mar. 2026 was $11.86 Mil. Hence, True North Commercial REIT's Days Payable for the three months ended in Mar. 2026 was 252.85.

The historical rank and industry rank for True North Commercial REIT's Days Payable or its related term are showing as below:

TUERF' s Days Payable Range Over the Past 10 Years
Min: 66.51   Med: 135.19   Max: 268.21
Current: 268.21

During the past 13 years, True North Commercial REIT's highest Days Payable was 268.21. The lowest was 66.51. And the median was 135.19.

TUERF's Days Payable is ranked better than
77.22% of 540 companies
in the REITs industry
Industry Median: 119.555 vs TUERF: 268.21

True North Commercial REIT's Days Payable increased from Mar. 2025 (224.87) to Mar. 2026 (252.85). It may suggest that True North Commercial REIT delayed paying its suppliers.


True North Commercial REIT Days Payable Historical Data

* Premium members only.

The historical data trend for True North Commercial REIT's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

True North Commercial REIT Days Payable Chart

True North Commercial REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 144.59 190.14 216.78 227.17 246.17

True North Commercial REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 224.87 272.91 278.22 270.97 252.85

TUERF vs BXP, ARE, VNO: Days Payable Comparison

For the REIT - Office subindustry, True North Commercial REIT's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


True North Commercial REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, True North Commercial REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where True North Commercial REIT's Days Payable falls into.


TUERF
63GF Score
True North Commercial REIT TUERF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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True North Commercial REIT Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

True North Commercial REIT's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (27.771 + 31.909) / 2 ) / 44.245*365
=29.84 / 44.245*365
=246.17

True North Commercial REIT's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (31.909 + 33.808) / 2 ) / 11.858*365 / 4
=32.8585 / 11.858*365 / 4
=252.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 252.85 mean?
True North Commercial REIT (TUERF) has a Days Payable of 252.85 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on True North Commercial REIT and its competitors. This is 87% above median its historical median of 135.19. Over the past decade, True North Commercial REIT's Days Payable has ranged from 66.51 to 268.21. According to the industry distribution chart, True North Commercial REIT ranks #123 out of 540 companies in the REITs industry, placing it in the top 22.8%.
Is True North Commercial REIT's Days Payable too high?
True North Commercial REIT's current Days Payable of 252.85 is 87% above median its 10-year median of 135.19. Over the past 10 years, this metric has ranged from a low of 66.51 to a high of 268.21. The REITs industry median Days Payable is 119.56. True North Commercial REIT's value of 252.85 is 111.5% above this industry median. Based on the distribution chart, True North Commercial REIT ranks #123 out of 540 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, True North Commercial REIT has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does True North Commercial REIT's Days Payable compare to BXP and ARE?
According to the REITs industry distribution chart, True North Commercial REIT ranks #123 out of 540 companies for Days Payable. This places True North Commercial REIT in the top 23% of its industry — outperforming the majority of peers. The industry median Days Payable is 119.56. True North Commercial REIT's value of 252.85 is 111.5% above this benchmark. Historically, True North Commercial REIT's own Days Payable has ranged from 66.51 to 268.21 over the past decade. While the company's 10-year median is 135.19 vs. the industry median of 119.56, True North Commercial REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.56, based on 540 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. True North Commercial REIT's current Days Payable of 252.85 is 111.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on True North Commercial REIT and its competitors. For the REITs industry, the median Days Payable is 119.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True North Commercial REIT's current Days Payable is 252.85, which is 87% above median its own 10-year median of 135.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True North Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, True North Commercial REIT (TUERF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.63, compared to a current price of $6.28 — trading 17.7% below its estimated fair value. The current Days Payable is 252.85, which is 87% above median its 10-year median of 135.19 and 111.5% above the REITs industry median of 119.56. True North Commercial REIT's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For True North Commercial REIT (TUERF), the current Days Payable is 252.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is True North Commercial REIT (TUERF) Overvalued in 2026?

Based on GuruFocus' analysis, True North Commercial REIT stock appears to be undervalued. The current stock price of $6.28 is trading 17.7% below its estimated GF Value™ of $7.63. GuruFocus considers True North Commercial REIT to be Modestly Undervalued.

Key valuation signals for TUERF:

  • Days Payable: 252.85 (87% above median its 10-year median of 135.19)
  • GF Value™: $7.63 vs. price of $6.28 (17.7% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 111.5% above the REITs median (#123 of 540)

No single metric tells the full story. See the TUERF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


True North Commercial REIT Business Description

Industry Real EstateREITs
Other Exchanges TNT.UN:Canada
Address 3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.
63GF Score

Get the complete analysis for TUERF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.28
Price
$7.63
GF Value