True North Commercial Real Estate Investment Trust (TNT-UN) — Net Asset Quality Index
True North Commercial Real Estate Investment Trust (TNT-UN) has a Net Asset Quality Index of 32.7% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$1.20 Billion minus total liabilities of CA$809.62 Million yields net assets of CA$392.82 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read TNT-UN liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
True North Commercial Real Estate Investment Trust Net Asset Quality Index Over Time (2012–2024)
This chart shows how True North Commercial Real Estate Investment Trust's Net Asset Quality Index has evolved across 13 annual periods from 2012 to 2024. As of September 2025, the index stands at 32.7%, representing net assets of CA$392.82 Million against total assets of CA$1.20 Billion CAD. For live market cap and overall valuation, see True North Commercial Real Estate Invest (TNT-UN) total market value.
Annual Net Asset Quality Index for True North Commercial Real Estate Investment Trust (2012–2024)
The table below presents the year-by-year Net Asset Quality Index for True North Commercial Real Estate Investment Trust from 2012 to 2024, covering 13 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check strategic asset allocation of True North Commercial Real Estate Invest to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 33.5% | CA$416.00 Million | CA$1.24 Billion | CA$824.23 Million | ▼ -0.7 pp |
| 2023 | 34.2% | CA$452.80 Million | CA$1.32 Billion | CA$870.87 Million | ▼ -1.8 pp |
| 2022 | 36.0% | CA$522.14 Million | CA$1.45 Billion | CA$928.18 Million | ▼ -2.0 pp |
| 2021 | 38.0% | CA$540.07 Million | CA$1.42 Billion | CA$881.11 Million | ▲ +0.6 pp |
| 2020 | 37.4% | CA$525.21 Million | CA$1.40 Billion | CA$879.67 Million | ▼ -1.0 pp |
| 2019 | 38.3% | CA$527.33 Million | CA$1.38 Billion | CA$848.23 Million | ▼ -0.3 pp |
| 2018 | 38.7% | CA$363.09 Million | CA$939.35 Million | CA$576.26 Million | ▲ +1.9 pp |
| 2017 | 36.8% | CA$248.20 Million | CA$674.44 Million | CA$426.24 Million | ▲ +0.1 pp |
| 2016 | 36.7% | CA$167.67 Million | CA$456.47 Million | CA$288.80 Million | ▲ +4.9 pp |
| 2015 | 31.9% | CA$110.55 Million | CA$347.01 Million | CA$236.46 Million | ▼ -0.3 pp |
| 2014 | 32.2% | CA$102.36 Million | CA$317.97 Million | CA$215.61 Million | ▲ +2.7 pp |
| 2013 | 29.4% | CA$54.31 Million | CA$184.47 Million | CA$130.16 Million | ▲ +104.7 pp |
| 2012 | -75.2% | CA$-11.75 Million | CA$15.62 Million | CA$27.37 Million | — |