Canadian Net Real Estate Investment Trust (V:NET.UN)
Business Focus: Commercial REITs (NEC)
| Sector: Real Estate | Industry: Commercial REITs |
| Company Contact | |
| Address: | 106 Gun Avenue POINTE-CLAIRE QC H9R 3X3 |
| Tel: | N/A |
| Website: | https://www.cnetreit.com |
| IR: | See website |
| Key People | ||
| Jason Parravano President, Chief Executive Officer, Trustee | Charles Benjamin Gazith Chief Financial Officer, Treasurer | Kevin Henley Chief Investment Officer, Secretary |
| Business Overview |
| Canadian Net Real Estate Investment Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. The Trust operates in one segment, commercial real estate located in Canada. The Trust holds approximately 101 investment properties, 83 residing in the province of Quebec, nine in the province of Ontario and nine in the province of Nova Scotia. The properties are occupied by four distinct groups of tenants composed of retailers, national service station and convenience store chains, quick-service restaurant chains, and others. The Trust's properties include 40-50 Brunet Street, 230 St-Luc Blvd, 196 Hotel-de-Ville Blvd, 1349-1351 Road 117, 275 Barkoff Street, 530 Barkoff Street, 340-344 Montee du Comte, 1440-50 St-Laurent East Blvd, 1460 St-Laurent East Blvd, 7335 Guillaume Couture Blvd, 4200 Bernard-Pilon Street and others. |
| Financial Overview |
| For the nine months ended 30 September 2023, Canadian Net Real Estate Invest Trust revenues increased 9% to C$19.3M. Net income increased from C$2.8M to C$13.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Net Operating Income (NOI) - Total increase of 8% to C$14.5M. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $275.68M as of Sep 30, 2023 |
| Annual revenue (TTM): | $26.35M as of Sep 30, 2023 |
| EBITDA (TTM): | $18.27M as of Sep 30, 2023 |
| Net annual income (TTM): | $4.57M as of Sep 30, 2023 |
| Free cash flow (TTM): | $4.08M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $171.55M as of Sep 30, 2023 |
| Shares outstanding: | 20,561,060 as of Mar 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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