Nova Net Lease REIT (CSE:NNL.U) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$392.7k (up 1.0% from 3Q 2023).
- Net loss: US$493.6k (down by 121% from US$2.40m profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nova Net Lease REIT shares are down 3.2% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Nova Net Lease REIT (3 make us uncomfortable!) that you need to take into consideration.
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Discover if Nova Net Lease REIT might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
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.
Low and slightly overvalued.
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