Northview Residential REIT (T:NRR.UN)
Business Focus: Diversified REITs
| Sector: Real Estate | Industry: Diversified REITs |
| Company Contact | |
| Address: | 6131 6th Street S.E., Suite 200 CALGARY AB T2H 1L9 |
| Tel: | N/A |
| Website: | https://www.rentnorthview.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Northview Residential REIT is a Canada-based real estate investment trust. The Company is engaged in indirectly acquiring, owning, and operating a portfolio of income-producing rental properties in secondary markets within Canada. Its properties include multi-residential properties, commercial properties, and execusuite properties. Its multi-residential properties include Dawson Townhomes, Ridgeview Apartments, Parkview Apartments, Tuscany Manor, County Squire A and B, Willowbrook Townhomes, Mt. Glacier Apartments, and Springhill Apartments, among others. Its commercial properties include the Franklin Manor Building, Bristol Court Sun Life, Blackstone Federal Building, Mack Travel Building, Shoppers Drug Mart, NWT Commerce Place, and others. Its execusuite properties include Inuvik Capital Suites, Capital Suites, and Iqualit Capital Suites. Its portfolio consists of approximately 14,400 multi-residential suites and 200 execusuites across nine provinces and two territories. |
| Financial Overview |
| For the nine months ended 30 September 2024, Northview Residential REIT revenues increased 29% to C$206.7M. Net loss totaled C$1.1M vs. income of C$142.8M. Revenues reflect Multi-Residential segment increase of 35% to C$172.9M, Commercial and execusuite segment increase of 5% to C$33.8M. Net loss reflects Fair value loss (gain) on investment pro increase from C$159.8M (income) to C$20.5M (expense). |
| Employees: | 392 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,811M as of Sep 30, 2024 |
| Annual revenue (TTM): | $274.55M as of Sep 30, 2024 |
| EBITDA (TTM): | $55.98M as of Sep 30, 2024 |
| Net annual income (TTM): | $19.03M as of Sep 30, 2024 |
| Free cash flow (TTM): | $35.71M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $1,658M as of Sep 30, 2024 |
| Shares outstanding: | 28,579,800 as of Nov 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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