True North Commercial REIT (TSX:TNT.UN) Accounts Payable & Accrued Expense : C$36.1 Mil (As of Mar. 2024)

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What is True North Commercial REIT Accounts Payable & Accrued Expense?

True North Commercial REIT's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$38.0 Mil) to Dec. 2023 (C$36.3 Mil) and declined from Dec. 2023 (C$36.3 Mil) to Mar. 2024 (C$36.1 Mil).

True North Commercial REIT's annual accounts payable & accrued expense increased from Dec. 2021 (C$27.6 Mil) to Dec. 2022 (C$43.6 Mil) but then declined from Dec. 2022 (C$43.6 Mil) to Dec. 2023 (C$36.3 Mil).

True North Commercial REIT Accounts Payable & Accrued Expense Historical Data

The historical data trend for True North Commercial REIT's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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True North Commercial REIT Accounts Payable & Accrued Expense Chart

True North Commercial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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21.22

29.47

27.63

43.57

36.35

True North Commercial REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															40.66	40.68	37.96	36.35	36.09

True North Commercial REIT Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

True North Commercial REIT (TSX:TNT.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » Accounts Payable & Accrued Expense

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TUERF:USA

Address

3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3

Website

https://www.truenorthreit.com

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires commercial real estate in Canada. The objective is to maximize the total profit for shareholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.

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