- The trend backdrop is active with a 2-week active streak.
- Price is above the Trend Line, keeping the weekly tape constructive.
- Activity pressure is positive on the latest completed week.
- Activity pressure is constructive, supporting the smart-money activity read.
TNT-UN
TOR
Week ended 07 Aug 2026
Weekly Investor Report
True North Commercial Real Estate Investment Trust · Real Estate · Reit - Office
Latest close
8.63 CAD
0.9%
latest week
Weekly setup
Constructive, but selective
The weekly trend is active. Price is 3.3% above the Trend Line and sits at 69.0% of its 52-week range. The latest completed week returned 0.9%, after a 0.5% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is inexpensive relative to peers. The latest news-sentiment score is 46/100. Near-term considerations: volume confirmation is below normal.
Setup score
45
out of 100
Latest Close
8.63 CAD
7 Aug 2026
1W Return
0.9%
latest completed week
4W Return
0.5%
short-term follow-through
12W Return
5.8%
quarterly tape
Trend Breadth
34.6%
18 of 52 weeks active
Volume Ratio
0.8x
vs 13-week average
- Price is below Fair Value, so the market is still discounting the latest tape.
- Next-week expectancy is negative at 44.19% based on similar historical setup states.
- Price is close to its 52-week high; watch for continuation or exhaustion.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
0.9%
Latest completed week; four-week move 0.5%.
Indicator stack
26/74
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Negative 44.19%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
News sentiment
46/100
32 relevant articles in the latest sentiment read.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is active. Price is 3.3% above the Trend Line and sits at 69.0% of its 52-week range. The latest completed week returned 0.9%, after a 0.5% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.8x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
13 Feb
20 Feb
27 Feb
6 Mar
13 Mar
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.5812-week average 0.27
12-week confirmation
Trend active2/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure11/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.58Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers
No recent accumulation markers. No reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 0.5% over four weeks, 5.8% over 12 weeks, and 0.6% over one year. The current trend has remained active for 2 consecutive weeks.
Performance by holding period
Active trend streak2 weeks
Active weeks in one year18
Trend breadth34.6%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure1.17Latest activity-pressure read.
Pressure change32.3%Four-week change in activity pressure.
Leadership-9.92Latest relative-leadership reading.
RS change-2.7%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is inexpensive relative to peers.
Factor week 09 Aug 2026
Financial statements through 31 Mar 2026
Field coverage 88%
Model confidence 82%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength82/100Blend of value, momentum, and quality. Underlying universe rank 19; rank 1 is best.
Value90/100Relative valuation strength. Underlying universe rank 11; rank 1 is best.
Quality68/100Profitability and accounting quality. Underlying universe rank 33; rank 1 is best.
Momentum18/100Medium-term price momentum. Underlying universe rank 83; rank 1 is best.
Growth31/100Revenue and earnings growth. Underlying universe rank 70; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- - Price divided by trailing earnings.
- Price / sales
- 1.0x Market value relative to trailing revenue.
- EV / EBITDA
- 1012.8x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 8.3% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 52.8% Gross profit retained from each unit of revenue.
- Operating margin
- 48.3% Operating profit retained from revenue.
- Free-cash-flow margin
- 54.6% Free cash flow generated from revenue.
- Return on invested capital
- 4.2% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 2.5% Latest one-year revenue growth.
- EPS growth
- - Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- -5.9% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 6/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 8.1% Cash dividends relative to market value.
- Buyback yield
- 0.8% Net share repurchases relative to market value.
- Shareholder yield
- 8.9% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- 865.0x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Insider activity-
No recent insider transactions are stored for this company.
News sentiment46/100
Weighted news tone is neutral across 32 relevant articles.
2 positive · 29 neutral · 1 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-4.0%Distance below the 52-week high.
13-week volatility1.3%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
13 Feb
13 Mar
10 Apr
8 May
5 Jun
3 Jul
7 Aug
Weeks higher12 of 2614 weeks finished lower.
Best week+4.3%Week of 17 Apr.
Worst week-3.3%Week of 13 Mar.
Latest week+0.9%Week of 7 Aug.
Shape of recent returns
Strong gains1
Modest gains11
Flat weeks0
Modest losses14
Sharp losses0
Recent vol1.3%13-week weekly-return volatility.
Base vol1.4%52-week weekly-return volatility.
Up/down split25/27Count of positive and negative weeks in the 52-week window.
Average skew1.2% / -1.1%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorCA Real Estate
4-week rank15 / 50
Group average-2.2%
Trend breadth62.0%
Trend62.0%active weekly trend signals
MD74.0%positive activity pressure
RS12.0%positive relative leadership
Four-week leaders
IndustryCA Reit - Office
4-week rank2 / 5
Group average0.6%
Trend breadth40.0%
Trend40.0%active weekly trend signals
MD80.0%positive activity pressure
RS0.0%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape42/100
Trend, activity pressure, participation, and risk combine to a 42/100 tape read.
Indicator analysis42/100Latest 12-week confirmation: trend 2/12, activity pressure 11/12, relative leadership 0/12.
Activity pressure 0.58; No reversal markers Next-Week ExpectancyNegative 44.19%Next-week expectancy is negative with a 44.19% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors65/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Tiny Titans rank 52; Buyback Yield rank 26; Small Cap Core rank 15 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Sentiment46/100Weighted news tone is neutral across 32 relevant articles.
Q2 Earnings Outperformers: Opendoor (NASDAQ:OPEN) And The Rest Of The Consumer Discretionary - Real Estate Services Stocks Insiders50/100No recent insider transaction evidence is stored.
Earnings50/100No stored earnings event is currently attached to this ticker.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 7 Aug 2026 | 8.63 CAD | 0.9% | 8.36 CAD | 8.85 CAD | 1.17 | -9.92 | 36.0K | On |
| 31 Jul 2026 | 8.55 CAD | -2.6% | 8.36 CAD | 8.88 CAD | 1.20 | -8.31 | 51.7K | On |
| 24 Jul 2026 | 8.78 CAD | 1.4% | 8.36 CAD | 8.91 CAD | 1.21 | -6.76 | 40.6K | Off |
| 17 Jul 2026 | 8.66 CAD | 0.9% | 8.35 CAD | 8.94 CAD | 1.08 | -8.23 | 67.9K | Off |
| 10 Jul 2026 | 8.58 CAD | -0.1% | 8.35 CAD | 8.97 CAD | 0.88 | -9.66 | 50.3K | Off |
| 3 Jul 2026 | 8.59 CAD | 1.0% | 8.35 CAD | 8.99 CAD | 0.75 | -9.90 | 10.1K | Off |
| 26 Jun 2026 | 8.51 CAD | 1.2% | 8.35 CAD | 9.01 CAD | 0.60 | -10.65 | 31.2K | Off |
| 19 Jun 2026 | 8.40 CAD | -0.2% | 8.36 CAD | 9.04 CAD | 0.62 | -12.20 | 8.7K | Off |
| 12 Jun 2026 | 8.42 CAD | 1.6% | 8.37 CAD | 9.06 CAD | 0.57 | -12.43 | 17.6K | Off |
| 5 Jun 2026 | 8.29 CAD | -0.4% | 8.38 CAD | 9.08 CAD | 0.36 | -12.99 | 8.2K | Off |
| 29 May 2026 | 8.32 CAD | 2.9% | 8.38 CAD | 9.11 CAD | 0.26 | -14.01 | 114.0K | Off |
| 22 May 2026 | 8.09 CAD | -0.8% | 8.40 CAD | 9.13 CAD | -0.02 | -16.15 | 109.3K | Off |
| 15 May 2026 | 8.16 CAD | -0.2% | 8.42 CAD | 9.16 CAD | -0.21 | -14.33 | 48.4K | Off |
| 8 May 2026 | 8.18 CAD | -0.5% | 8.44 CAD | 9.19 CAD | -0.22 | -15.21 | 69.2K | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.