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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
Tel: N/A
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
Vice President - Property Development
Lizaine Sheila Wheeler
Vice President - Residential Operations
Richard Anda
Vice President - Business Development
Louise Elsey
Corporate Secretary
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 nine months ended 30 September 2019, Northview Apartment REIT revenues increased 8% to C$292.7M. Net income increased 60% to C$204.6M. Revenues reflect Multi-family segment increase of 9% to C$259.6M, Ontario (province) segment increase of 20% to C$99.1M. Net income benefited from Net Operating Income (NOI)-Multi-family increase of 10% to C$153.2M, Investment properties increase from C$41.7M to C$154.3M (income).
Employees: 871 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $4,665M as of Sep 30, 2019
Annual revenue (TTM): $386.75M as of Sep 30, 2019
EBITDA (TTM): $206.80M as of Sep 30, 2019
Net annual income (TTM): $366.33M as of Sep 30, 2019
Free cash flow (TTM): $33.46M as of Sep 30, 2019
Net Debt Last Fiscal Year: $2,255M as of Sep 30, 2019
Shares outstanding: 75,809,289 as of Jan 22, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization