05:18 PM EDT, 08/13/2026 (MT Newswires) -- True North Commercial REIT (TNT-UN.TO) said Thursday after trade that second quarter adjusted funds from unit rose to C$0.49 from C$0.42, in the prior year period.

Revenue fell 0.9% to C$27.9 million year over year, due to a reduction in the REIT's Ottawa market occupancy as a result of a "strategically executed" early lease termination, a statement said.

True North said its core portfolio occupancy at the end of the second quarter was 96% with a weighted average lease term of 4.2 years.

True North units closed up C$0.08, to C$8.64 on the Toronto Stock Exchange.