Economic Atlas
Companies/True North Commercial REIT
Company profile

True North Commercial REIT

OTC: TUERF · Real Estate · REIT - Office
Canadian filerHQ Toronto, ONReports USD
#177 of 326 Real Estate companies by revenue42nd-percentile growth
EA Score
39D
Revenue TTM
$93.0M
Rev growth YoY (TTM)
+7.0%
Net income (FY)
-$23.3M
Employees
65,413
as of 2026-08-18
Market cap
$88.3M
as of 2026-08-18

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$93.0M130.0M CAD2025
Net income-$23.3M-32.5M CAD2025
Operating income$43.4M60.7M CAD2025
Total assets$852.4M1.2B CAD2025
Liabilities$579.0M793.5M CAD2025
Equity$273.5M374.8M CAD2025

Revenue trend

FY2018 – FY2025 · USD
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25

Revenue by segment

No segmentation disclosed for this filer. n/a

The read

What is True North Commercial REIT’s revenue?

True North Commercial REIT booked $93.0M in FY2025 revenue, growing 0.4% year over year — about the middle of the pack among Real Estate companies we track, at a -25.0% net margin.

Peers · Real Estate
Plaza Retail REIT67BBresler & Reiner, Inc.——BTB Real Estate Investment Trust55CNexPoint Diversified Real Estate Trust31DOne Liberty Properties, Inc.54DNational Health Investors, Inc.74B
Key facts
CEOSebastian Ebel
SectorReal Estate
IndustryREIT - Office
HeadquartersToronto, ON
ExchangeOTC: TUERF
Employees65,413
IPO date2019-04-17
Latest filings

No filings loaded — no CIK (non-SEC filer).

Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.