TUERF (True North Commercial REIT) Interest Coverage: 1.43 (As of Jun. 2026) — 49% Below Median

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TUERF True North Commercial REIT TUERF
66 GF Score
Price $6.43
GF Value $6.77
Valuation Fairly Valued
! 6 Warning Signs
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What is True North Commercial REIT Interest Coverage?

True North Commercial REIT TUERF +2.39% 66 Interest Coverage is 1.43 as of Jun. 2026, which is 49% below its 10-year median of 2.80. GuruFocus rates TUERF with a GF Score™ of 66/100 and a GF Value™ of $6.77 (Fairly Valued). The stock has 6 warning signs investors should review. Among 683 REITs companies, True North Commercial REIT ranks worse than 72.18% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. True North Commercial REIT's Operating Income for the three months ended in Jun. 2026 was $8.01 Mil. True North Commercial REIT's Interest Expense for the three months ended in Jun. 2026 was $-5.84 Mil. True North Commercial REIT's interest coverage for the quarter that ended in Jun. 2026 was 1.43. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. True North Commercial REIT interest coverage is 1.88, which is low.

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

TUERF' s Interest Coverage Range Over the Past 10 Years
Min: 1.88   Med: 2.8   Max: 3.48
Current: 1.88


TUERF's Interest Coverage is ranked worse than
72.18% of 683 companies
in the REITs industry
Industry Median: 3.07 vs TUERF: 1.88

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


True North Commercial REIT  (OTCPK:TUERF) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


True North Commercial REIT Interest Coverage Related Terms


True North Commercial REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for True North Commercial REIT's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

True North Commercial REIT Interest Coverage Chart

True North Commercial REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.65 3.02 2.28 1.77 1.86

True North Commercial REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Interest Coverage 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 1.41 1.59 2.92 1.55 1.43

TUERF vs BXP, ARE, VNO: Interest Coverage Comparison

For the REIT - Office subindustry, True North Commercial REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry

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

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


TUERF
66GF Score
True North Commercial REIT TUERF
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

True North Commercial REIT Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Dec. 2025, True North Commercial REIT's Interest Expense was $-24.25 Mil. Its Operating Income was $43.48 Mil. And its Long-Term Debt & Capital Lease Obligation was $314.89 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*43.48493323656/-24.252
=1.79

True North Commercial REIT's Interest Coverage for the quarter that ended in Jun. 2026 is calculated as

Here, for the three months ended in Jun. 2026, True North Commercial REIT's Interest Expense was $-5.84 Mil. Its Operating Income was $8.01 Mil. And its Long-Term Debt & Capital Lease Obligation was $288.52 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2026 )/Interest Expense (Q: Jun. 2026 )
=-1*8.0143943236983/-5.844
=1.37

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 1.43 mean?
True North Commercial REIT (TUERF) has a Interest Coverage of 1.43 as of Jun. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on True North Commercial REIT and its competitors. This is 49% below median its historical median of 2.80. Over the past decade, True North Commercial REIT's Interest Coverage has ranged from 1.88 to 3.48. According to the industry distribution chart, True North Commercial REIT ranks #493 out of 683 companies in the REITs industry, placing it in the top 72.2%.
Is True North Commercial REIT's Interest Coverage too high?
True North Commercial REIT's current Interest Coverage of 1.43 is 49% below median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 3.48. The REITs industry median Interest Coverage is 3.07. True North Commercial REIT's value of 1.43 is 53.4% below this industry median. Based on the distribution chart, True North Commercial REIT ranks #493 out of 683 companies in the REITs industry, which is below the industry midpoint. Overall, True North Commercial REIT has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does True North Commercial REIT's Interest Coverage compare to BXP and ARE?
According to the REITs industry distribution chart, True North Commercial REIT ranks #493 out of 683 companies for Interest Coverage. This places True North Commercial REIT in the lower half of its industry. The industry median Interest Coverage is 3.07. True North Commercial REIT's value of 1.43 is 53.4% below this benchmark. Historically, True North Commercial REIT's own Interest Coverage has ranged from 1.88 to 3.48 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 3.07, True North Commercial REIT has consistently been below 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.07, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. True North Commercial REIT's current Interest Coverage of 1.43 is 53.4% below 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on True North Commercial REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. True North Commercial REIT's current Interest Coverage is 1.43, which is 49% below median its own 10-year median of 2.80. 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 Fairly Valued. The stock's GF Value™ is $6.77, compared to a current price of $6.43 — trading 5% below its estimated fair value. The current Interest Coverage is 1.43, which is 49% below median its 10-year median of 2.80 and 53.4% below the REITs industry median of 3.07. True North Commercial REIT's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For True North Commercial REIT (TUERF), the current Interest Coverage is 1.43 as of Jun. 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 $6.43 is trading 5% below its estimated GF Value™ of $6.77. GuruFocus considers True North Commercial REIT to be Fairly Valued.

Key valuation signals for TUERF:

  • Interest Coverage: 1.43 (49% below median its 10-year median of 2.80)
  • GF Value™: $6.77 vs. price of $6.43 (5% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 53.4% below the REITs median (#493 of 683)

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.
66GF Score

Get the complete analysis for TUERF

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

$6.43
Price
$6.77
GF Value