True North Commercial REIT (TSX:TNT.UN) Dividend Payout Ratio : 0.28 (As of Dec. 2023)

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What is True North Commercial REIT Dividend Payout Ratio?

True North Commercial REIT's dividend payout ratio for the months ended in Dec. 2023 was 0.28.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of True North Commercial REIT is 0.78, which seems too high.

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

TSX:TNT.UN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.2 Max: 2.12
Current: 0.78

During the past 12 years, the highest Dividend Payout Ratio of True North Commercial REIT was 2.12. The lowest was 0.64. And the median was 1.20.

TSX:TNT.UN's Dividend Payout Ratio is ranked better than
74.02% of 562 companies
in the REITs industry
Industry Median: 1.015 vs TSX:TNT.UN: 0.78

As of today (2024-04-28), the Dividend Yield % of True North Commercial REIT is 11.80%.

During the past 12 years, the highest Trailing Annual Dividend Yield of True North Commercial REIT was 32.88%. The lowest was 4.70%. And the median was 9.44%.

True North Commercial REIT's Dividends per Share for the months ended in Dec. 2023 was C$0.14.

During the past 12 months, True North Commercial REIT's average Dividends Per Share Growth Rate was -50.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -9.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -3.30% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of True North Commercial REIT was -1.50% per year. The lowest was -20.60% per year. And the median was -11.05% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

True North Commercial REIT Dividend Payout Ratio Historical Data

The historical data trend for True North Commercial REIT's Dividend Payout Ratio 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.

* Premium members only.

True North Commercial REIT Dividend Payout Ratio Chart

True North Commercial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.97

1.08

1.20

1.26

0.64

True North Commercial REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.39	0.99	0.98	0.82	0.28

Competitive Comparison of True North Commercial REIT's Dividend Payout Ratio

For the REIT - Office subindustry, True North Commercial REIT's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the REITs Industry

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

* The bar in red indicates where True North Commercial REIT's Dividend Payout Ratio falls into.

True North Commercial REIT Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

True North Commercial REIT's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.708	/	2.687
	=	0.64

True North Commercial REIT's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.142	/	0.517
	=	0.27

True North Commercial REIT (TSX:TNT.UN) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

True North Commercial REIT Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of True North Commercial REIT's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

True North Commercial REIT (TSX:TNT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » Dividend Payout Ratio

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Traded in Other Exchanges

TUERF:USA

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.truenorthreit.com

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.

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