True North Commercial Real Estate Investment Trust (TUERF)

TUERF Balance Sheet

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

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

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