Nova Net Lease REIT Past Earnings Performance
Past criteria checks 0/6
Nova Net Lease REIT's earnings have been declining at an average annual rate of -71.2%, while the REITs industry saw earnings growing at 12.4% annually. Revenues have been growing at an average rate of 5.8% per year. Nova Net Lease REIT's return on equity is 15.9%, and it has net margins of 120.7%.
Key information
-71.2%
Earnings growth rate
-72.4%
EPS growth rate
| REITs Industry Growth | 9.9% |
| Revenue growth rate | 5.8% |
| Return on equity | 15.9% |
| Net Margin | 120.7% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Nova Net Lease REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 2 | 2 | 2 | 0 |
| 31 Mar 24 | 2 | -1 | 2 | 0 |
| 31 Dec 23 | 2 | 2 | 2 | 0 |
| 30 Sep 23 | 2 | 9 | 2 | 0 |
| 30 Jun 23 | 2 | 7 | 2 | 0 |
| 31 Mar 23 | 2 | 8 | 3 | 0 |
| 31 Dec 22 | 2 | 8 | 3 | 0 |
| 31 Dec 21 | 0 | -1 | 1 | 0 |
Quality Earnings: NNL.U has a large one-off gain of $1.9M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: NNL.U's current net profit margins are lower than last year .
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NNL.U's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: NNL.U's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NNL.U had negative earnings growth (-71.2%) over the past year, making it difficult to compare to the REITs industry average (-13.3%).
Return on Equity
High ROE: NNL.U's Return on Equity (15.9%) is considered low.