Canadian Net Real Estate Investment Trust Reports Third Quarter 2024 Earnings

Canadian Net Real Estate Investment Trust (CVE:NET.UN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$8.07m (up 17% from 3Q 2023).
• Net income: CA$13.0m (up 327% from 3Q 2023).

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 3.0% p.a. on average during the next 3 years, compared to a 2.3% 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

Before you take the next step you should know about the 4 warning signs for Canadian Net Real Estate Investment Trust (2 are a bit concerning!) that we have uncovered.

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