True North Commercial Real Estate Investment Trust
True North Commercial Real Estate Investment Trust (TNT-UN.TO) Financial Performance & Income Statement Overview
Explore the financials of True North Commercial Real Estate Investment Trust (TNT-UN.TO), including yearly and quarterly data on income, cash flow, and balance sheets.
True North Commercial Real Estate Investment Trust (TNT-UN.TO) Income Statement & Financial Overview
Access detailed annual and quarterly income data for True North Commercial Real Estate Investment Trust TNT-UN.TO financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $31.68M | $30.44M | $32.33M | $32.46M |
| Cost of Revenue | $16.23M | $14.18M | $14.80M | $16.39M |
| Gross Profit | $15.46M | $16.26M | $17.52M | $16.08M |
| Gross Profit Ratio | $0.49 | $0.53 | $0.54 | $0.50 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.03M | $1.71M | $1.55M | $1.54M |
| Operating Expenses | $1.03M | $1.71M | $1.55M | $950000.00 |
| Total Costs & Expenses | $17.25M | $15.89M | $17.18M | $17.34M |
| Interest Income | $8000.00 | -$414000.00 | -$474000.00 | $8000.00 |
| Interest Expense | $7.69M | $7.73M | $8.15M | $8.24M |
| Depreciation & Amortization | $0.00 | -$10.20M | -$14.54M | -$15.05M |
| EBITDA | -$7.47M | $4.35M | $605000.00 | $0.00 |
| EBITDA Ratio | -$0.24 | $0.14 | $0.02 | $0.00 |
| Operating Income | $14.43M | $14.54M | $15.14M | $15.13M |
| Operating Income Ratio | $0.46 | $0.48 | $0.47 | $0.47 |
| Other Income/Expenses (Net) | -$29.59M | -$17.93M | -$22.69M | -$9.99M |
| Income Before Tax | -$15.16M | -$3.38M | -$7.55M | $5.14M |
| Income Before Tax Ratio | -$0.48 | -$0.11 | -$0.23 | $0.16 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $15.05M |
| Net Income | -$15.16M | -$3.38M | -$7.55M | $5.14M |
| Net Income Ratio | -$0.48 | -$0.11 | -$0.23 | $0.16 |
| EPS | -$1.06 | -$0.24 | -$0.52 | $0.32 |
| Diluted EPS | -$1.06 | -$0.24 | -$0.52 | $0.32 |
| Weighted Avg Shares Outstanding | $14.64M | $14.30M | $14.55M | $15.86M |
| Weighted Avg Shares Outstanding (Diluted) | $14.64M | $14.30M | $14.55M | $15.87M |
Over the last four quarters, True North Commercial Real Estate Investment Trust achieved steady financial progress, growing revenue from $32.46M in Q1 2024 to $31.68M in Q4 2024. Gross profit stayed firm with margins at 49% in Q4 2024 versus 50% in Q1 2024. Operating income totaled $14.43M in Q4 2024, maintaining a 46% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$7.47M. Net income dropped to -$15.16M, with EPS at -$1.06. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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