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Nova Net Lease REIT (C:NNL.U)

Business Focus: Specialized REITs (NEC)

Get the company report for the most recent outlook updated daily

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for NNL within the last 6 months
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Company News

Dec 22, 2023 16:00 ET
NOVA NET LEASE REIT ANNOUNCES JOINT VENTURE WITH NEVADA INVESTOR GROUP
/Not for distribution to U.S. newswire services or dissemination in the United States/
Read full article
Nov 22, 2023 16:00 ET
NOVA NET LEASE REIT ANNOUNCES FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30 2023,
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Read full article
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
1.25
1.25
3.34
Price to Book - most recent quarter
0.16
0.16
1.09
Price to Cash Flow per share - TTM
--
--
11.34
Price to Free Cash Flow per share - TTM
--
--
21.94
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Mar 15, 202492-11,586
Feb 29, 202411,6784,221
Feb 15, 20247,4573,650
See Short Report

Business Summary

Sector:  Real Estate Industry:  Specialized REITs

Nova Net Lease REIT (the REIT) is a Canada-based real estate investment trust focused on increasing unitholder value through the acquisition and ownership of cannabis related properties in the United States. The REIT seeks to enter long-term capital relationships with cannabis operations owning top-tier real estate assets, by entering into sale leaseback and build-to-suit arrangements. The REIT intends to primarily acquire properties through sale-leaseback transactions with experienced operators in the cannabis industry and expects to lease its properties on a triple-net lease basis with annual rental rate increases. Additionally, the REIT seeks to acquire properties occupied by tenants operating in the regulated medical and recreational cannabis industry focused on cultivation, processing and/or grow operations. The REIT also has an interest in specialized retail facilities in the form of dispensaries for portfolio growth and diversification.

See business summary

 

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