Inovalis Real Estate Investment Trust (T:INO.UN)
Business Focus: Office REITs
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 151 Yonge Street, 11th Floor TORONTO ON M5C 2W7 |
| Tel: | N/A |
| Website: | https://www.inovalisreit.com |
| IR: | See website |
| Key People | ||
| Stephane Joseph Amine President, Chief Executive Officer | Khalil Hankach Chief Financial Officer, Chief Investment Officer, Secretary | Anne Smolen Chief Financial Officer - Europe |
| Business Overview |
| Inovalis Real Estate Investment Trust is a Canada-based real estate investment trust. The Company is formed for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain. It holds approximately 13 assets. Its France properties include Sabliere, Baldi, Delizy, Gaia, Metropolitain and Arcueil. Its Germany properties include Trio, Kosching, Neu Isenburg, Stuttgart, Bad Homburg and Duisburg. Its Spain property is Delgado. It acquires (indirectly) real estate properties via CanCorPEurope, authorized Alternative Investment Fund (AIF) and managed by INOVALIS S.A. |
| Financial Overview |
| For the six months ended 30 June 2023, Inovalis Real Estate Investment Trust revenues increased 41% to C$20.8M. Net income totaled C$4.6M vs. loss of C$10.7M. Revenues reflect FFO per Share (Diluted) increase from C$0.12 to C$0.36, Rental revenue increase of 23% to C$14.9M, Other revenues increase from C$39K to C$2.6M. Net Income reflects Net Operating Income (NOI) - Total increase of 48% to C$18.1M. |
| Employees: | 300 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $301.51M as of Jun 30, 2023 |
| Annual revenue (TTM): | $37.15M as of Jun 30, 2023 |
| EBITDA (TTM): | $20.06M as of Jun 30, 2023 |
| Net annual income (TTM): | -$21.56M as of Jun 30, 2023 |
| Free cash flow (TTM): | $3.93M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | $202.45M as of Jun 30, 2023 |
| Shares outstanding: | 32,576,445 as of Sep 15, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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