Nova Net Lease REIT
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About the company
This Real Estate Investment Trust (REIT) focuses on purchasing specialized industrial and retail properties across the United States, which are then leased to highly experienced, top-tier, and creditworthy state-licensed operators for their regulated cannabis facilities (referred to as 'Licensed Facilities'). Its acquisition strategy primarily involves sale-leaseback transactions, through which it provides triple net leases for an intended duration of 10 to 15 years, actively seeking annual rental rate increases. The REIT's investment portfolio will exclusively comprise Licensed Facilities within the U.
- CEO
- James Tyson MacDonald
- IPO
- 2022
- Employees
- 4
- HQ
- Toronto, ON, CA
Price Chart
- Market Cap
- $3.33M
- P/E
- 1.83
- P/S
- 2.14
- P/B
- 0.14
- EV/EBITDA
- 1.35
- Div Yield
- 0.00%
- Gross Margin
- 100.00%
- Op Margin
- -13.75%
- Net Margin
- 105.53%
- ROE
- 9.98%
- ROIC
- -1.40%
- Revenue
- $1.56M · 0.06%
- Net Income
- $1.64M · -78.78%
- EPS
- $0.23 · -79.28%
- Op Income
- $-214,000
- FCF YoY
- 80.83%
- 52W High
- $0.69
- 52W Low
- $0.08
- 50D MA
- $0.50
- 200D MA
- $0.22
- Beta
- 0.73
- Avg Volume
- 3.21K
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