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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
TORONTO ON M5H 2S7
Tel: N/A
Website: invesque.com
IR: See website
Key People
N/A    
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 three months ended 31 March 2019, Invesque Inc revenues increased 7% to $25.4M. Net income increased from $2.3M to $7.2M. Revenues reflect Medical office buildings segment increase from $0K to $3.4M, Seniours housing and care segment increase of 11% to $24.6M. Net income benefited from Change in fair value of investment prope increase from $2.3M (expense) to $4.9M (income).
Employees: 26 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,179M as of Mar 31, 2019
Annual revenue (TTM): $120.94M as of Mar 31, 2019
EBITDA (TTM): $55.16M as of Mar 31, 2019
Net annual income (TTM): -$7.39M as of Mar 31, 2019
Free cash flow (TTM): -$11.25M as of Mar 31, 2019
Net Debt Last Fiscal Year: $752.74M as of Mar 31, 2019
Shares outstanding: 54,019,878 as of Jun 27, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization