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Invesque Inc. operates as a health care real estate investment company. Its portfolio includes investments in independent living, assisted living, memory care, skilled nursing, transitional care, and medical office properties. As of March 15, 2023, the company owned a portfolio of 76 properties, such as 56 assisted living and memory care facilities, 13 skilled nursing facilities, 4 transitional care properties, and 3 medical office buildings in the United States; and 4 seniors housing and care facilities in Canada. It also includes investments in owner occupied seniors housing properties, including the ownership of real estate properties, as well as provides management services. The company was formerly known as Mainstreet Health Investments Inc. and changed its name to Invesque Inc. in January 2018. Invesque Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.
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Invesque Inc owns and manages a portfolio of healthcare-related real estate, focused on senior housing and medical-office properties in the United States and Canada. Long-term growth may be supported by aging demographics, rental income from long-term leases and selective acquisitions; investors may find exposure to defensive, income-oriented real estate attractive.
Primary risks include occupancy and tenant-credit sensitivity in senior care, interest-rate and refinancing exposure, and regulatory or reimbursement changes that could pressure cash flow.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -43.14M | -12.23M | -190.95M | -5.43M |
| Net income | -48.81M | -12.23M | -184.00M | -5.36M |
| Selling general administrative | 32.58M | 19.00M | 18.70M | 18.09M |
| Gross profit | 95.59M | 90.97M | 108.39M | 95.31M |
| Reconciled depreciation | 16.52M | 22.15M | 48.57M | 14.44M |
| Ebit | 38.71M | 46.33M | 8.21M | 68.85M |
| Ebitda | 6.34M | 40.75M | -105.51M | 48.85M |
| Operating income | 30.73M | 52.35M | 20.99M | 64.86M |
| Interest expense | 32.96M | 30.83M | 36.87M | 39.84M |
| Tax provision | -1.13M | 0.00M | -6.94M | -0.07M |
| Interest income | 1.54M | 1.47M | 2.98M | 3.66M |
| Net interest income | -37.22M | -34.54M | -37.55M | -40.08M |
| Income tax expense | -1.13M | - | -6.94M | -0.07M |
| Total revenue | 198.03M | 210.45M | 217.39M | 144.69M |
| Total operating expenses | 167.30M | 158.10M | 196.39M | 79.83M |
| Cost of revenue | 102.44M | 119.48M | 108.99M | 49.38M |
| Total other income expense net | -36.65M | -30.04M | -174.39M | -30.21M |
| Discontinued operations | -6.80M | -5.71M | -5.71M | -5.71M |
| Net income from continuing ops | -42.01M | -12.23M | -184.00M | -5.36M |
| Net income applicable to common shares | -48.81M | -12.23M | -184.00M | -5.36M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1097.34M | 1301.01M | 1498.42M | 1630.74M |
| Other current assets | 36.04M | 37.06M | 11.21M | 18.39M |
| Total liab | 865.69M | 1014.75M | 1205.10M | 1150.59M |
| Total stockholder equity | 231.65M | 286.26M | 293.33M | 480.14M |
| Other current liab | 7.87M | 3.79M | 4.97M | 6.37M |
| Common stock | 508.96M | 512.00M | 509.20M | 504.56M |
| Capital stock | 594.35M | 597.39M | 594.59M | 589.95M |
| Retained earnings | -370.08M | -321.27M | -309.03M | -114.91M |
| Other liab | 1.67M | 4.81M | 14.35M | 21.48M |
| Other assets | 19.65M | 20.06M | 16.90M | 37.41M |
| Cash | 27.58M | 19.37M | 34.13M | 11.84M |
| Total current liabilities | 483.13M | 91.06M | 78.32M | 95.91M |
| Net debt | 737.88M | 874.38M | 1018.34M | 1001.64M |
| Short long term debt | 444.29M | 55.35M | 40.62M | 57.59M |
| Other stockholder equity | 6.97M | 11.78M | 7.37M | 4.70M |
| Property plant equipment | 935.80M | 1149.82M | 1335.73M | 1431.78M |
| Total current assets | 81.76M | 76.55M | 74.83M | 52.43M |
| Long term investments | 49.08M | 50.44M | 65.26M | 99.32M |
| Net tangible assets | 146.26M | 202.92M | 207.94M | 394.75M |
| Net receivables | 18.14M | 20.12M | 29.49M | 22.21M |
| Long term debt | 321.17M | 838.40M | 1011.85M | 955.88M |
| Accounts payable | 13.09M | 17.36M | 17.71M | 18.89M |
| Non currrent assets other | 1.58M | 2.23M | 2.77M | 4.56M |
| Non current assets total | 1015.58M | 1224.46M | 1423.59M | 1578.31M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | 20.70M | 11.80M | 2.92M | 14.51M |
| Change to liabilities | -2.35M | -0.66M | 0.42M | 0.04M |
| Total cashflows from investing activities | 138.09M | 122.02M | 3.52M | -309.82M |
| Net borrowings | -130.11M | -152.28M | 5.95M | 300.25M |
| Total cash from financing activities | -141.79M | -155.76M | -6.31M | 278.51M |
| Change to operating activities | 0.05M | 2.89M | 0.52M | 5.34M |
| Net income | -48.81M | -12.23M | -184.00M | -5.36M |
| Change in cash | 8.21M | -14.76M | 22.30M | -15.14M |
| Begin period cash flow | 19.37M | 34.13M | 11.84M | 26.98M |
| End period cash flow | 27.58M | 19.37M | 34.13M | 11.84M |
| Total cash from operating activities | 11.91M | 18.97M | 25.09M | 16.17M |
| Issuance of capital stock | - | - | 0.00M | 14.55M |
| Depreciation | 16.52M | 22.15M | 48.57M | 14.44M |
| Other cashflows from investing activities | 0.08M | 0.23M | 0.06M | -9.39M |
| Dividends paid | - | - | 9.98M | 32.51M |
| Change to account receivables | -8.59M | -7.03M | -12.34M | -16.07M |
| Sale purchase of stock | -10.60M | - | -0.15M | -0.53M |
| Other cashflows from financing activities | -1.08M | -3.48M | -2.13M | -3.25M |
| Change to netincome | 50.73M | 8.46M | 167.48M | 13.65M |
| Capital expenditures | 6.52M | 7.58M | 11.27M | 235.43M |
| Change in working capital | -10.89M | -5.10M | -11.40M | -10.69M |
| Other non cash items | 41.75M | 42.83M | 49.62M | 33.33M |
| Free cash flow | 5.40M | 11.11M | 13.82M | -219.26M |
Sector: Real Estate Industry: Real Estate Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IVQ-U Invesque Inc |
- -% |
0.10 | - | - | 0.07 | 0.15 | 3.55 | -41.64 |
| FSV FirstService Corp |
8.50 4.07% |
217.14 | 46.12 | 24.15 | 1.68 | 4.96 | 1.47 | 15.41 |
| CIGI Colliers International Group Inc Bats |
-6.39 4.42% |
138.25 | 56.74 | 15.15 | 1.45 | 3.84 | 1.43 | 12.33 |
| BPO-PA Brookfield Office Properties Inc Pref A |
- -% |
22.80 | 2.21 | - | 1.84 | - | - | - |
| BPO-PP Brookfield Offi Pro Cl Aaa P Prf |
0.23 1.05% |
22.07 | 1.98 | - | 1.65 | - | - | - |
Invesque Inc. operates as a health care real estate investment company. Its portfolio includes investments in independent living, assisted living, memory care, skilled nursing, transitional care, and medical office properties. As of March 15, 2023, the company owned a portfolio of 76 properties, such as 56 assisted living and memory care facilities, 13 skilled nursing facilities, 4 transitional care properties, and 3 medical office buildings in the United States; and 4 seniors housing and care facilities in Canada. It also includes investments in owner occupied seniors housing properties, including the ownership of real estate properties, as well as provides management services. The company was formerly known as Mainstreet Health Investments Inc. and changed its name to Invesque Inc. in January 2018. Invesque Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Scott Eric White CPA | Chairman & CEO | 1974 |
| Mr. Scott Higgs | Chief Financial Officer | 1983 |
| Mr. Adlai Chester | Chief Investment Officer & Non-Independent Director | 1982 |
| Mr. Jim Rees | Director of Accounting | NA |
| Mr. Vineet P. Bedi C.F.A. | Chief Strategy Officer & IR | 1983 |
| Christine Johnson | Director of Marketing | NA |
| Ms. Julie Michael | Exec. Assistant & HR Coordinator | NA |
| Mr. Dennis Dechow | Sr. VP of Asset Services | NA |
| Mr. Bryan E. Hickman | Sr. VP of Investments | NA |
| Mr. Quinn Haselhorst | Sr. VP of Fin. | NA |
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