Nova Net Lease REIT (NNLRF)

USD 0.69

(0.0%)

Market Cap (In USD)

5.17 Million

Revenue (In USD)

1.55 Million

Net Income (In USD)

1.64 Million

Avg. Volume

99.00

Currency
USD
Country
Real Estate
Open
-
Prev. Close
-
Day Range
-
Year Range
0.04-0.6946
PE
-
EPS
-
Beta Value
0.733
ISIN
CA66981K1093
CUSIP
-
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Real Estate
Industry
REIT - Specialty
CEO
Mr. James Tyson MacDonald
Employee Count
-
Website
https://www.novanetleasereit.com
Ipo Date
2022-09-15
Details
The REIT was formed to acquire specialized industrial and retail properties leased to experienced, top-tier, creditworthy state-licensed operators for their Regulated Cannabis facilities ("Licensed Facilities") in the United States. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to 15 year term and strives to negotiate annual rental rate increases in the leases. The REIT's portfolio will consist of only Licensed Facilities in the United States with a targeted mix of 80% cultivation/grow/processing facilities and 20% retail/dispensary. The REIT is internally managed by a vertically integrated team of seasoned real estate and cannabis professionals with expertise across the spectrum of real estate investment management, including: acquisitions, underwriting, financing, asset management, property management, operations, development and redevelopment, accounting and regulatory affairs.