Stock Analysis

Nova Net Lease REIT Reports Full Year 2023 Earnings

CNSX:NNL.U
Source: Shutterstock

Nova Net Lease REIT (CSE:NNL.U) Full Year 2023 Results

Key Financial Results

  • Net income: US$1.64m (down 79% from FY 2022).
earnings-and-revenue-history
CNSX:NNL.U Earnings and Revenue History April 10th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nova Net Lease REIT shares are down 60% from a week ago.

Risk Analysis

You should learn about the 6 warning signs we've spotted with Nova Net Lease REIT (including 2 which are a bit unpleasant).

Valuation is complex, but we're helping make it simple.

Find out whether Nova Net Lease REIT is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St

Simply Wall St

About CNSX:NNL.U

Nova Net Lease REIT

Nova Net Lease REIT (the "REIT") was formed on July 27, 2021, as a newly created, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario, where one unit of the REIT was issued for $10 in cash.

Slightly overvalued with imperfect balance sheet.