Nova Net Lease REIT (OTCPK:NNLR.F) - Stock Price, News & Analysis

NNLR.F 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.

About the company

NNLR.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (0.4x) is below the US market (18.2x)

Revenue grew by 5.8% over the past year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($2M)

Large one-off items impacting financial results

Profit margins are lower than last year

+ 2 more risks

Nova Net Lease REIT Competitors

Silver Star Properties REIT

OTCPK:SLVS

US$22.9m

First Real Estate Investment Trust of New Jersey

OTCPK:FREV.S

US$129.2m

Presidential Realty

OTCPK:PDNL.B

US$14.2k

CTO Realty Growth

NYSE:CTO

US$443.2m

Price History & Performance

Summary of all time highs, changes and price drops for Nova Net Lease REIT
Historical stock prices
Current Share Price	US$0.10
52 Week High	US$0.53
52 Week Low	US$0.04
Beta	0.82
11 Month Change	0%
3 Month Change	25.00%
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-99.39%

Recent updates

Shareholder Returns

	NNLR.F	US REITs	US Market
7D	0%	-0.2%	1.2%
1Y	n/a	20.2%	30.2%

Return vs Industry: Insufficient data to determine how NNLR.F performed against the US REITs industry.

Return vs Market: Insufficient data to determine how NNLR.F performed against the US Market.

Price Volatility

Is NNLR.F's price volatile compared to industry and market?
NNLR.F volatility
NNLR.F Average Weekly Movement	n/a
REITs Industry Average Movement	3.9%
Market Average Movement	6.4%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NNLR.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine NNLR.F'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 Fundamentals Summary

How do Nova Net Lease REIT's earnings and revenue compare to its market cap?
NNLR.F fundamental statistics
Market cap	US$1.54m
Earnings (TTM)	US$1.99m
Revenue (TTM)	US$1.64m

0.4x

P/E Ratio

0.5x

P/S Ratio

Is NNLR.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NNLR.F 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 NNLR.F perform over the long term?

See historical performance and comparison

Nova Net Lease REIT OTCPK:NNLR.F Stock Report