NNL.U Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
Nova Net Lease REIT Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.09 |
| 52 Week High | US$0.50 |
| 52 Week Low | US$0.04 |
| Beta | 0.75 |
| 11 Month Change | 20.00% |
| 3 Month Change | n/a |
| 1 Year Change | 80.00% |
| 33 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -92.17% |
Recent News & Updates
Recent updates
Shareholder Returns
| NNL.U | CA REITs | CA Market | |
|---|---|---|---|
| 7D | 0% | -1.9% | 0.2% |
| 1Y | 80.0% | 18.7% | 24.4% |
Return vs Industry: NNL.U exceeded the Canadian REITs industry which returned 18.7% over the past year.
Return vs Market: NNL.U exceeded the Canadian Market which returned 24.4% over the past year.
Price Volatility
| NNL.U volatility | |
|---|---|
| NNL.U Average Weekly Movement | n/a |
| REITs Industry Average Movement | 2.8% |
| Market Average Movement | 8.2% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.0% |
Stable Share Price: NNL.U's share price has been volatile over the past 3 months compared to the Canadian market.
Volatility Over Time: Insufficient data to determine NNL.U's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2021 | n/a | James MacDonald | novanetleasereit.com |
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.
Nova Net Lease REIT Fundamentals Summary
| NNL.U fundamental statistics | |
|---|---|
| Market cap | US$1.39m |
| Earnings (TTM) | US$1.99m |
| Revenue (TTM) | US$1.64m |
0.3x
P/E Ratio0.4x
P/S RatioIs NNL.U overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NNL.U income statement (TTM) | |
|---|---|
| Revenue | US$1.64m |
| Cost of Revenue | US$0 |
| Gross Profit | US$1.64m |
| Other Expenses | -US$340.68k |
| Earnings | US$1.99m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.27 |
| Gross Margin | 100.00% |
| Net Profit Margin | 120.71% |
| Debt/Equity Ratio | 15.4% |
How did NNL.U perform over the long term?
See historical performance and comparison