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True North Commercial REIT (TSX:TNT.UN) Tax Rate % : 0.00% (As of Mar. 2024)


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What is True North Commercial REIT Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. True North Commercial REIT's Tax Expense for the three months ended in Mar. 2024 was C$0.0 Mil. True North Commercial REIT's Pre-Tax Income for the three months ended in Mar. 2024 was C$5.1 Mil. Therefore, True North Commercial REIT's Tax Rate % for the quarter that ended in Mar. 2024 was 0.00%.

True North Commercial REIT Tax Rate % Historical Data

The historical data trend for True North Commercial REIT's Tax Rate % 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 Tax Rate % Chart

True North Commercial REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
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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
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True North Commercial REIT Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

True North Commercial REIT's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0/-40.621
=0.00 %

True North Commercial REIT's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=0/5.138
=0.00 %

* 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.

True North Commercial REIT Tax Rate % Related Terms

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

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » True North Commercial REIT (TSX:TNT.UN) » Definitions » Tax Rate %
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Traded in Other Exchanges
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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