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Northview Apartment Real Estate Investment Trust (T:NVU.UN)

Business Focus: Residential REITs

Sector:  Financials Industry:  Residential REITs
 
See Regulatory Filings on SEDAR
Company Contact
Address: 200-6131 6 St SE
CALGARY AB T2H 1L9
Tel: N/A
Website: https://www.northviewreit.com
IR: See website
Key People
Scott Thon
Independent Chairman of the Board of Trustees
Todd R. Cook
President, Chief Executive Officer, Trustee
Travis Beatty
Chief Financial Officer
Leslie M. Veiner
Chief Operating Officer
Bo Rasmussen
Senior Vice President, Investments
Karl Bomhof
Vice President, Legal, Corporate Secretary
Lizaine Sheila Wheeler
Vice President - Residential Operations
Richard Anda
Vice President - Business Development
 
Business Overview
Northview Apartment REIT is a Canada-based unincorporated, open-ended real estate investment trust (REIT). The Company is a multi-family residential real estate investor and operator. Its segments include Atlantic Canada, including Newfoundland and Labrador, Nova Scotia, and New Brunswick; Northern Canada, including Northwest Territories and Nunavut; Ontario; Quebec, and Western Canada, including Alberta, British Columbia, and Saskatchewan. Its residential portfolio is comprised of a multi-family segment, including apartments, town homes, and single-family rental units, where the rental period ranges from six to twelve months. The commercial and execusuites segment is comprised of office, industrial, and retail properties primarily in areas where it has residential operations and execusuite properties that offer apartment style accommodation. Commercial leases terms are generally five years and execusuite rental periods range from several days to several months.
Financial Overview
For the six months ended 30 June 2020, Northview Apartment REIT revenues increased 2% to C$198.1M. Net income decreased 66% to C$22.2M. Revenues reflect Multi-family segment increase of 3% to C$177.7M. Net income was offset by Net Operating Income (NOI)-Commercial & decrease of 12% to C$10.8M, Investment properties increase from C$32.2M (income) to C$23.6M (expense). Dividend per share remained flat at C$0.81.
Employees: 932 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $4,691M as of Jun 30, 2020
Annual revenue (TTM): $396.91M as of Jun 30, 2020
EBITDA (TTM): $216.36M as of Jun 30, 2020
Net annual income (TTM): $199.02M as of Jun 30, 2020
Free cash flow (TTM): $40.24M as of Jun 30, 2020
Net Debt Last Fiscal Year: $2,353M as of Jun 30, 2020
Shares outstanding: 69,428,788 as of Sep 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization