True North Commercial Real Estate Investment Trust (TUERF)

TUERF Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	1,149	1,160	1,250	1,341	1,404	1,372
Cash & Equivalents	10.47	12.33	8.95	9.5	5.48	24.58
Accounts Receivable	2.94	3.74	2.07	1.66	2.21	2
Other Receivables	0.72	0.79	0.78	3.88	1.41	0.43
Investment In Debt and Equity Securities	0.06	0.38	1.2	2.34	-	-
Loans Receivable Current	-	-	-	0.05	0.06	0.07
Other Current Assets	51.78	61.83	57.43	87.53	2.88	1.52
Trading Asset Securities	0.34	0.64	1.93	1.94	-	-
Other Long-Term Assets	0.79	0.82	0.89	1.1	1.16	1.25
Total Assets	1,216	1,240	1,324	1,450	1,421	1,405
Current Portion of Long-Term Debt	102.98	269.41	103.01	163.3	140.07	37.74
Long-Term Debt	611.07	472.59	698.61	698.02	703.9	804.08
Accounts Payable	46.51	39.57	34.35	36.97	21.21	23.09
Accrued Expenses	2.72	3.32	2.3	2.56	3.29	2.7
Other Current Liabilities	10.07	9.18	9	12.93	12.65	12.06
Total Liabilities	815.93	824.23	870.87	928.18	881.11	879.67
Common Stock	545.06	546.04	561.89	563.28	544.12	528.18
Retained Earnings	-144.62	-130.04	-109.09	-41.14	-4.05	-2.96
Shareholders' Equity	400.44	416	452.8	522.14	540.07	525.21
Total Liabilities & Equity	1,216	1,240	1,324	1,450	1,421	1,405
Total Debt	756.63	772.17	825.22	875.72	843.97	841.82
Net Cash (Debt)	-745.82	-759.2	-814.35	-864.27	-838.49	-817.24
Net Cash Per Share	-53.35	-53.91	-51.95	-54.13	-54.34	-54.42
Filing Date Shares Outstanding	13.98	14	15.22	16	15.49	15.17
Total Common Shares Outstanding	13.98	14.08	15.68	15.97	15.43	15.02
Book Value Per Share	28.65	29.54	28.88	32.70	35.00	34.98
Tangible Book Value	400.44	416	452.8	522.14	540.07	525.21
Tangible Book Value Per Share	28.65	29.54	28.88	32.70	35.00	34.98

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.