True North Commercial Real Estate Investment Trust (TSX:TNT.UN)

TSX:TNT.UN Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	113	125	148	158	3,136	3,780
Market Cap Growth	-6.85%	-16.09%	-5.78%	-94.98%	-17.04%	20.64%
Enterprise Value	841.51	589.14	634.44	866.58	3,824	4,464
Last Close Price	8.08	8.86	10.54	10.05	33.29	42.61
PE Ratio	-	-	-	-	9.57	-
PS Ratio	0.87	0.96	1.17	1.19	21.84	27.29
PB Ratio	0.30	0.33	0.36	0.35	6.01	7.00
P/TBV Ratio	-	-	0.39	-	-	-
P/FCF Ratio	-	2.83	3.24	2.67	43.79	67.09
P/OCF Ratio	1.59	1.75	1.96	2.13	30.37	48.90
EV/Sales Ratio	6.47	4.53	5.00	6.55	26.64	32.23
EV/EBITDA Ratio	-	7.76	9.06	11.38	18.99	23.08
EV/EBIT Ratio	13.35	9.35	10.58	12.95	19.65	23.81
EV/FCF Ratio	-	13.38	13.84	14.68	53.40	79.23
Debt / Equity Ratio	1.26	1.26	1.20	1.59	1.34	1.28
Debt / EBITDA Ratio	9.66	9.66	10.96	10.78	4.28	4.28
Debt / FCF Ratio	16.65	16.65	16.75	13.91	12.02	14.70
Net Debt / Equity Ratio	1.93	1.93	1.82	1.79	1.63	1.52
Net Debt / EBITDA Ratio	9.56	9.56	10.79	10.66	4.23	4.25
Net Debt / FCF Ratio	16.47	16.47	16.48	13.76	11.89	14.61
Asset Turnover	0.11	0.11	0.10	0.10	0.10	0.10
Quick Ratio	0.07	0.07	0.05	0.07	0.07	0.05
Current Ratio	0.14	0.14	0.23	0.41	0.46	0.07
Return on Equity (ROE)	-8.29%	-8.29%	-4.82%	-8.48%	2.80%	9.22%
Return on Assets (ROA)	5.23%	5.23%	4.68%	4.82%	13.55%	13.27%
Return on Invested Capital (ROIC)	5.49%	5.49%	4.87%	5.00%	13.84%	13.56%
Return on Capital Employed (ROCE)	7.42%	7.42%	5.88%	5.64%	15.80%	14.57%
Earnings Yield	-28.71%	0.00%	0.00%	0.00%	10.45%	0.00%
FCF Yield	-	35.35%	30.88%	37.46%	2.28%	1.49%
Dividend Yield	8.55%	0.00%	0.00%	0.00%	0.00%	0.00%
Payout Ratio	-	-22.55%	0.00%	-73.99%	368.81%	99.88%
Buyback Yield / Dilution	0.18%	-	-	-	-	-
Total Shareholder Return	8.73%	0.00%	0.00%	0.00%	0.00%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.