Stock Analysis
Canadian Net Real Estate Investment Trust Reports Third Quarter 2023 Earnings
Canadian Net Real Estate Investment Trust (CVE:NET.UN) Third Quarter 2023 Results
Key Financial Results
- Revenue: CA$6.89m (up 10% from 3Q 2022).
- Net income: CA$3.04m (up from CA$541.0k loss in 3Q 2022).
- Profit margin: 44% (up from net loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Canadian Net Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the REITs industry in Canada.
Performance of the Canadian REITs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Canadian Net Real Estate Investment Trust (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
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Find out whether Canadian Net Real Estate Investment Trust 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.
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About TSXV:NET.UN
Canadian Net Real Estate Investment Trust
Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties.