Inovalis Real Estate Investment Trust (T:INO.UN)
Business Focus: Office REITs
Rain as of May 01, 2023
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Company News
May 19, 2023 17:05 ET
Inovalis Real Estate Investment Trust Announces Approval of Normal Course Issuer Bid
Inovalis Real Estate Investment Trust (“Inovalis REIT” or the “REIT”) (TSX: INO.UN) announced today that the Toronto Stock Exchange (the “TSX”) has approved the REIT’s intention to make a normal course issuer bid (“NCIB”) for a portion of its trust units (“Units”) as appropriate opportunities arise from time to time. The board of trustees of the REIT believes that the purchase by the REIT of a portion of its outstanding Units may from time to time be an appropriate use of available resources and in the best interests of the REIT and its unitholders.
May 12, 2023 14:45 ET
Inovalis Real Estate Investment Trust Announces Voting Results at Annual General Meeting of Unitholders
Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced that each of the five individuals nominated for election as a trustee of the REIT at the REIT's Annual General Meeting of Unitholders held on May 9, 2023 was elected. Voting results for the individual trustees of the REIT are as follows:
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
3.34
4.12
4.10
Price to Book - most recent quarter
0.39
0.42
1.12
Price to Cash Flow per share - TTM
--
--
10.38
Price to Free Cash Flow per share - TTM
--
34.46
24.27
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| May 15, 2023 | 76,044 | -69,893 |
| Apr 30, 2023 | 145,937 | 55,677 |
| Apr 15, 2023 | 90,260 | -25,948 |
Business Summary
| Sector: Real Estate | Industry: Commercial REITs |
Inovalis Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT is formed for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain and also in other European countries. The REIT Properties consist of 14 office properties in France, Germany and Spain comprising approximately 1,650,000 square feet of gross leasable area (GLA). Its France properties include Sabliere, Baldi, Delizy, Gaia and Metropolitain. Its Germany properties include Trio, Kosching, Neu Isenburg, Stuttgart, Bad Homburg and Duisburg. Its Spain property is Delgado. The REIT acquires (indirectly) real estate properties via CanCorPEurope, authorized Alternative Investment Fund (AIF) and managed by INOVALIS S.A.
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