Toronto Stock Exchange · Real Estate
Invest in True North Commercial REIT stock from India
Indian and foreign residents can buy True North Commercial REIT (TNT-UN) shares directly through Paasa.
By Paasa · Updated
True North Commercial REIT at a glance
- Price
- CA$7.80-CA$0.14 (1.79%)
- Market cap
- CA$109.72M
- Day range
- CA$7.76 – CA$7.95
- P/E
- -4.72
- Dividend yield
- 8.85%
- Volume
- 34.30K
- 1 month
- -9.30%
- 6 months
- -4.18%
- YTD
- -11.96%
- 1 year
- -15.31%
- 5 years
- -81.26%
True North Commercial REIT statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CA$130.1M | CA$126.9M | CA$132.2M | CA$143.6M | CA$138.5M |
| Gross profit | CA$66.9M | CA$65.8M | CA$72.5M | CA$86.5M | CA$82.6M |
| Operating income | CA$60.8M | CA$60.0M | CA$66.9M | CA$80.4M | CA$68.9M |
| Net income | −CA$32.6M | −CA$21.0M | −CA$40.6M | −CA$18.5M | CA$29.1M |
| Earnings per share | −CA$2.26 | −CA$1.47 | −CA$2.47 | −CA$1.14 | CA$0.33 |
| EBITDA | CA$59.0K | CA$10.9M | CA$74.4M | CA$81.9M | CA$78.3M |
| Total assets | CA$1.2B | CA$1.2B | CA$1.3B | CA$1.5B | CA$1.4B |
| Total debt | CA$732.9M | CA$767.7M | CA$821.0M | CA$861.1M | CA$820.4M |
| Cash and short-term investments | CA$7.6M | CA$12.3M | CA$8.9M | CA$9.5M | CA$5.5M |
| Shareholders' equity | CA$375.1M | CA$416.0M | CA$452.8M | CA$522.1M | CA$540.1M |
| Operating cash flow | CA$37.9M | CA$75.7M | CA$73.9M | CA$103.3M | CA$77.3M |
| Free cash flow | CA$37.9M | CA$75.7M | CA$73.9M | CA$103.3M | CA$86.7M |
| Capital expenditure | CA$0.0 | CA$0.0 | CA$0.0 | CA$0.0 | CA$9.4M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Dream Office Real Estate Investment Trust | D-UN.TO | CA$17.16 | CA$281.35M |
| Firm Capital Property Trust | FCD-UN.TO | CA$6.93 | CA$255.89M |
| Halmont Properties | HMT.V | CA$1.02 | CA$157.80M |
| Canadian Net Real Estate Investment Trust | NET-UN.V | CA$6.16 | CA$127.07M |
| European Residential Real Estate Investment Trust | ERE-UN.TO | CA$1.19 | CA$110.80M |
| Parkit Enterprise | PKT.V | CA$8.01 | CA$110.80M |
| Invesque | IVQ.TO | CA$0.10 | CA$87.64M |
| Bridgemarq Real Estate Services | BRE.TO | CA$3.03 | CA$28.74M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in True North Commercial REIT from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search TNT-UN and buy
Find True North Commercial REIT by name or by its ticker, TNT-UN, and place your order.
Why invest in True North Commercial REIT from India
What True North Commercial REIT does
True North Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The REIT currently owns and operates a portfolio of 38 commercial properties consisting of approximately 4.5 million square feet in urban and select strategic secondary markets across Canada focusing on long term leases with government and credit rated tenants. True North Commercial REIT operates in the REIT - Office industry within the Real Estate sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy True North Commercial REIT stock from India?
Yes. Indian residents and NRIs can buy True North Commercial REIT (TNT-UN) shares directly through Paasa. True North Commercial REIT is listed on the Toronto Stock Exchange, in the REIT - Office industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell True North Commercial REIT shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.