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Invesque Inc. (T:IVQ.U)

Business Focus: Residential Real Estate Development

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Sector:  Financials Industry:  Real Estate Development & Operations
See Regulatory Filings on SEDAR
Company Contact
Address: 333 Bay St Suite 3400
Tel: N/A
IR: See website
Key People
Business Overview
Invesque Inc, formerly Mainstreet Health Investments Inc, is a Canada-based investment company that specializes in real estate development. The Company is engaged in the acquisition of health care and senior living properties throughout North America. It focuses on post-acute transitional care, long-term care, independent and assisted living and medical properties. It is also focused on acquiring properties, which offer assisted living programs, including short-term rehabilitation and memory care special care units. Its portfolio consists of health care and senior living properties in the United States and Canada. Its properties are operated by health care providers, primarily under long-term, triple net leases. The Company owns a portfolio of approximately 22 properties. It holds over 11 long-term care facilities, over seven assisted living facilities and over four transitional care properties.
Financial Overview
For the six months ended 30 June 2019, Invesque Inc revenues decreased 14% to $47M. Net loss totaled $9.7M vs. income of $12.8M. Revenues reflect Funds from Operations - Per Share - Basi decrease of 23% to $0.22, Funds from Operations - Per Share - Dilu decrease of 24% to $0.19. Net loss reflects Change in fair value of investment prope increase from $211K to $9.7M (expense). Dividend per share remained flat at $0.37.
Employees: 26 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,169M as of Jun 30, 2019
Annual revenue (TTM): $111.58M as of Jun 30, 2019
EBITDA (TTM): $42.73M as of Jun 30, 2019
Net annual income (TTM): -$34.82M as of Jun 30, 2019
Free cash flow (TTM): -$18.40M as of Jun 30, 2019
Net Debt Last Fiscal Year: $666.93M as of Jun 30, 2019
Shares outstanding: 54,721,890 as of Sep 20, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization