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Invesque Inc. (T:IVQ.U)

Business Focus: Real Estate Development & Operations

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 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 124 buildings with approximately 11,000 beds and approximately 578,000 rentable square feet of medical office space. 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 2020, Invesque Increvenues increased 85% to $107.6M. Net loss increased from$9.7M to $86.9M. Revenues reflect Seniours housing and caresegment increase of 65% to $40.2M. Higher net loss reflectsDepreciation and amortization expense increase from $43K to$24M (expense). Dividend per share decreased from $0.37 to$0.12. Basic Earnings per Share excluding ExtraordinaryItems decreased from -$0.18 to -$1.57.
Employees: 27 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,239M as of Jun 30, 2020
Annual revenue (TTM): $198.00M as of Jun 30, 2020
EBITDA (TTM): $77.92M as of Jun 30, 2020
Net annual income (TTM): -$82.60M as of Jun 30, 2020
Free cash flow (TTM): -$19.85M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,079M as of Jun 30, 2020
Shares outstanding: 55,833,559 as of Sep 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization