True North Commercial Reit · TSX:TNT.UN
True North Commercial Reit — Shareholder Meeting (June 2025)
12 slides from True North Commercial Reit's shareholder meeting presentation, Jun 18, 2025
Slide 1: Annual Unitholders' Meeting
Annual Unitholders’ Meeting June 18, 2025 TSX: TNT-UN 1595 16th Avenue, Toronto ON 675 Cochrane Drive, Markham ON
Slide 2: Disclaimer
Disclaimer Certain statements contained in this presentation constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding the REIT’s financial performance, financial position a
Slide 3: REIT Overview
REIT Overview True North Commercial REIT (“TNT”) owns and operates a portfolio of high-quality office assets www.truenorthreit.com | TSX: TNT-UN across Canada and is one of Canada’s few pure-play public REIT’s focused on office properties. High-Quality Tenants in a Well Located & Diversified Portfol
Slide 4: Well Diversified Canadian Office Portfolio Focused on High-quality, Stable Tenants
Well Diversified Canadian Office Portfolio Focused www.truenorthreit.com | TSX: TNT-UN on High-quality, Stable Tenants 40 92% (1) 74% 3% 13% PROPERTIES OCCUPANCY GOV’T & CREDIT- RATED TENANTS 3 10% British 5 8 4.6M $1.2B 4.2 years (1) Columbia Alberta 4% 19% New Brunswick GROSS LEASEABLE TOTAL ASSET
Slide 5: High Quality Tenant Base
High Quality Tenant Base As at March 31, 2025 74% of revenue from 68% of revenue from 4.2 years weighted government & credit- top 20 tenants avg. lease term(1) rated tenants 40% government tenants Stable base of large, well-capitalized 34% credit-rated tenants tenants (1) Excludes investment propert
Slide 6: Our Commitment to ESG
Our Commitment to ESG www.truenorthreit.com | TSX: TNT-UN Approximately 55% of the portfolio is green certified Increase energy, water and waste efficiency Focus on tenant and employee health and and board of and sustainable practices at our properties trustees to Prioritize Ethical business conduct
Slide 7: Secure Stable Cashflow & Disciplined Growth
www.truenorthreit.com | TSX: TNT-UN Secure Stable Cashflow & Disciplined Growth 99.5% rents collected 99.5% rents collected 99.8% rents collected 99.8% rents collected 99.7% rents collected(1) 2 non-core properties sold $40.5M property acquired 3 non-core properties sold 4 non-core properties sold S
Slide 8: Leasing Continues to Strengthen Post-COVID
Leasing Continues to Strengthen Post-COVID 74.9K 7.0 year WALT on new leases sq ft in new leases in Q1 2025 71.1K 4.2 year WALT on lease renewals sq ft in lease +1.6% leasing spread over expiring rates renewals and replacements In Q1 2025 ~600k Although leasing was challenging post-COVID, 2024 sq ft
Slide 9: Leveraging Strong Partner in Asset Manager - Starlight Investments
Leveraging Strong Partner in Asset Manager - Starlight Investments www.truenorthreit.com | TSX: TNT-UN Leading Private North American Low Transaction Risk and Strong Pipeline of Real Estate Investor and Operator Exclusive Acquisition Opportunities With more than 30 years of investment and asset mana
Slide 10: Looking Forward
Looking Forward Stable contractual cash flow 74% of rents from government & credit rated tenants. Non-core capital recycling program continues – which would improve key metrics Disposed of 251 Arvin Avenue on April 8, 2024, 6865 Century Avenue on April 10, 2024, 135 Hunter Street East on April 21, 2
Slide 11: Portfolio Highlights
Image result for true north commercial reit Portfolio Highlights 675 Cochrane Drive 6925 Century Avenue 120-140 Eileen Stubbs Avenue 101 McNabb Street 5775 Yonge Street Markham ON Mississauga ON Dartmouth NS Markham ON Toronto ON 379,500 sq ft GLA 254,900 sq ft GLA 302,300 sq ft GLA 315,400 sq ft GL
Slide 12: Q&A
Q&A True North Commercial REIT Daniel Drimmer 3280 Bloor Street West Chief Executive Officer Suite 1400, Centre Tower ddrimmer@starlightinvest.com Toronto, Ontario M8X 2X3 Martin Liddell TSX: TNT.UN Chief Financial Officer mliddell@starlightinvest.com www.truenorthreit.com ircommercial@truenorthreit
True North Commercial REIT — Shareholder Meeting (June 2025) on 6ix