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Nova Net Lease REIT (NNLRF)
Key financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | - | - | - | 0 | 2 | 2 | 2 |
| Operating profit | $m | -0 | -0 | |||||
| Net profit | $m | - | - | - | -1 | 8 | 2 | -1 |
| EPS reported | $ | 0.14 | -0.21 | |||||
| Operating cashflow per share | $ | -0.06 | -0.06 | |||||
| Capex per share | $ | 0.00 | 0.00 | |||||
| FCF per share | $ | -0.06 | -0.06 | |||||
| Free cash flow | $m | -0 | 0 | |||||
| Net debt | $m | 2 | 2 | |||||
| Book value equity | $m | 22 | - | |||||
| Book value per share | $ | 1.91 | - | |||||
| Number of shares | m | 11.35 | 7.46 | |||||
| DPS (TTM paid) | $ | 0.01 | 0.00 |
Financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 0.29 | - | |||||
| P/B LTM | x | 0.01 | 0.14 | |||||
| P/S LTM | x | 0.18 | 2.13 | |||||
| P/FCF LTM | x | -0.72 | 18.85 | |||||
| EV/EBITDA LTM | x | 0.52 | -9.20 | |||||
| EV/Sales LTM | x | 1.23 | 3.31 | |||||
| Earnings Yield LTM | % | 344.83% | 55.56% | |||||
| FCF Yield | % | -139.08% | 5.31% | |||||
| Quality | ||||||||
| ROE | % | 7.60% | 9.98% | |||||
| ROIC | % | -1.40% | -1.40% | |||||
| Operating margin | % | -13.75% | -13.75% | |||||
| Gross margin | % | 100.00% | 100.00% | |||||
| FCF/Sales | % | -25.16% | -25.16% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -72.00% | - | |||||
| Sales Growth YoY | % | +0.06% | +0.75% | |||||
| Net Income Growth YoY | % | -78.78% | - | |||||
| FCF Growth | % | - | - | |||||
| Operating Profit Growth | % | - | - | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 27.88% | 0.00% | |||||
| Dividend Growth | % | +25.00% | - | |||||
| Payout Ratio | % | 4.78% | -0.01% | |||||
| FCF/Debt | x | -0.20 | 0.09 | |||||
| Net Debt/EBITDA | x | 0.44 | 0.44 | |||||
| EBIT/Net interest | x | -2.25 | -2.25 | |||||
| Net debt/market cap | % | 582.21% | 55.70% | |||||
| Net debt/Equity | x | 0.08 | - | |||||
| Gross debt/equity | x | 0.09 | - | |||||
Company overview
This Real Estate Investment Trust (REIT) focuses on purchasing specialized industrial and retail properties across the United States, which are then leased to highly experienced, top-tier, and creditworthy state-licensed operators for their regulated cannabis facilities (referred to as 'Licensed Facilities'). Its acquisition strategy primarily involves sale-leaseback transactions, through which it provides triple net leases for an intended duration of 10 to 15 years, actively seeking annual rental rate increases. The REIT's investment portfolio will exclusively comprise Licensed Facilities within the U.S., targeting a specific allocation of 80% to cultivation, growing, and processing sites, and the remaining 20% to retail/dispensary locations. Operational oversight is provided by an internally managed, vertically integrated team. This team consists of seasoned real estate and cannabis professionals, bringing a comprehensive skill set to real estate investment management. Their expertise spans areas such as property acquisitions, financial underwriting, capital financing, ongoing asset and property management, operational efficiency, development and redevelopment initiatives, accounting practices, and regulatory compliance.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Nova Net Lease REIT (NNLRF)
This Real Estate Investment Trust (REIT) focuses on purchasing specialized industrial and retail properties across the United States, which are then leased to highly experienced, top-tier, and creditworthy state-licensed operators for their regulated cannabis facilities (referred to as 'Licensed Facilities'). Its acquisition strategy primarily involves sale-leaseback transactions, through which it provides triple net leases for an intended duration of 10 to 15 years, actively seeking annual rental rate increases. The REIT's investment portfolio will exclusively comprise Licensed Facilities within the U.S., targeting a specific allocation of 80% to cultivation, growing, and processing sites, and the remaining 20% to retail/dispensary locations. Operational oversight is provided by an internally managed, vertically integrated team. This team consists of seasoned real estate and cannabis professionals, bringing a comprehensive skill set to real estate investment management. Their expertise spans areas such as property acquisitions, financial underwriting, capital financing, ongoing asset and property management, operational efficiency, development and redevelopment initiatives, accounting practices, and regulatory compliance.
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