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Home CompaniesCanadian Net Real Estate Investment Trust

Canadian Net Real Estate Investment Trust

Real Estate REIT - Diversified
PortfolioPortfolio WatchlistWatchlist
Company price
6.12 CAD 0.02 ( 0.33%)
Last update at 2026-11-04T20:15:00Z
VOLUME
2880
Market Cap
105.11M
P/E
23.27

Momentum Score

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Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
6.10
Low
6.15
High
52 Week Price Range
4.41
Low
6.54
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Canadian Net Real Estate Investment Trust (NET-UN.V) is a Toronto-listed real estate investment trust that reports owning and managing income-producing properties in Canada, though detailed public disclosures about its portfolio are limited. Its long-term growth drivers could include disciplined acquisitions, rent escalations under long-term leases and broader recovery in commercial property demand, which may support distribution stability. The trust may appeal to income-focused investors seeking REIT exposure and potential inflation-linked rental cash flows.

The principal risks include limited transparency around assets, sensitivity to interest rates and property market cycles, concentration risk in tenants or asset types, and leverage and refinancing risk.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
6.10
Dividend Yield
6.82%
Revenue TTM
26.41M
Revenue Per Share
1.28
Gross Profit TTM
17.29M
Debt / Equity
-
ROE
3.56%
Net Debt
179.90M
ROCE
6.39%
Diluted EPS TTM
0.22

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -6.50M 25.24M 9.62M 4.07M -0.92M
Net income -6.49M 25.09M 9.62M 4.08M -0.90M
Selling general administrative 1.49M 1.09M 0.77M 0.89M 0.57M
Gross profit 18.37M 14.32M 9.87M 7.14M 5.11M
Ebit - 16.17M 11.62M 6.11M 4.54M
Ebitda 0.09M 29.91M 12.88M 6.67M 0.65M
Operating income 16.88M 13.23M 9.10M 6.26M 4.54M
Interest expense 6.58M 4.68M 3.25M 2.60M 1.56M
Tax provision -0.00M 0.15M 0.00M -0.01M -0.02M
Interest income 0.32M 0.24M 0.23M 0.16M 0.07M
Net interest income -5.81M -4.06M -2.49M -2.48M -1.56M
Income tax expense - 0.15M 0.00M -0.01M -0.02M
Total revenue 24.73M 18.95M 12.99M 9.39M 6.29M
Total operating expenses 7.85M 5.72M 3.88M 3.13M 1.75M
Cost of revenue 6.36M 4.63M 3.12M 2.24M 1.18M
Total other income expense net -17.57M 16.07M 3.01M 0.30M -3.90M
Net income from continuing ops -6.49M 25.09M 9.62M 4.08M -0.90M
Net income applicable to common shares - 25.09M 9.62M 4.08M -1.89M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 303.06M 278.17M 209.71M 129.12M 99.88M
Other current assets - 1.33M 1.24M 2.27M 0.22M
Total liab 184.37M 148.35M 119.50M 77.78M 57.59M
Total stockholder equity 118.69M 129.81M 90.21M 51.34M 42.29M
Other current liab 1.24M 1.62M 1.83M 2.30M 1.73M
Common stock 103.43M 101.09M 81.00M 48.00M 39.36M
Capital stock 103.43M 101.09M 83.76M - -
Retained earnings 15.19M 28.65M 9.14M 3.27M 1.87M
Other liab - 1.10M 1.32M 1.13M 0.45M
Other assets - 4.44M 4.14M 1.78M 1.18M
Cash 0.21M 0.61M 4.46M 0.30M 0.17M
Total current liabilities 38.92M 17.23M 11.39M 20.90M 9.55M
Net debt 179.90M 144.10M 111.33M 73.55M 54.78M
Short long term debt 35.74M 14.68M 9.00M 18.10M 7.37M
Property plant equipment - 252.95M 185.99M 118.50M 92.63M
Total current assets 8.32M 1.94M 5.70M 2.57M 0.40M
Long term investments 19.30M 23.26M 18.00M 8.02M 5.84M
Net tangible assets - 129.81M 90.21M 51.34M 41.30M
Short term investments 1.99M 1.17M 1.08M 2.01M 0.20M
Long term debt 144.36M 130.03M 106.79M 55.75M 47.58M
Accounts payable 0.70M 0.93M 0.57M 0.49M 0.44M
Non current assets total 294.74M 276.23M 204.01M 126.55M 99.48M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -41.56M -2.00M -5.10M -1.73M -3.05M
Change to liabilities 0.55M 0.37M 0.07M 0.05M 0.03M
Total cashflows from investing activities - -55.79M -73.82M -28.22M -32.83M
Net borrowings - 28.64M 42.74M 19.20M 23.05M
Total cash from financing activities 29.83M 42.68M 71.79M 24.73M 29.54M
Change to operating activities -0.34M -0.09M 0.27M -0.56M 0.07M
Net income -6.49M 25.09M 9.62M 4.08M -1.89M
Change in cash -0.40M -3.85M 4.16M 0.13M -0.10M
Begin period cash flow 0.61M 4.46M 0.30M 0.17M 0.28M
End period cash flow 0.21M 0.61M 4.46M 0.30M 0.17M
Total cash from operating activities 11.33M 9.26M 6.19M 3.62M 3.19M
Issuance of capital stock 1.62M 19.62M 32.80M 7.99M 8.32M
Dividends paid 6.97M 5.58M 3.75M 2.46M 1.83M
Other cashflows from financing activities - - - - -0.32M
Change to netincome - -16.11M -3.78M 0.02M 4.93M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.21M 0.28M 0.35M -0.52M 0.10M
Stock based compensation 0.60M 0.31M 0.04M 0.26M -
Other non cash items 5.14M 3.70M 1.76M 3.58M 1.63M
Free cash flow 11.33M 9.26M 6.19M 3.62M 3.19M

Peer Comparison*

Sector: Real Estate Industry: REIT - Diversified

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)
NET-UN
Canadian Net Real Estate Investment Trust		 0.02
0.33%		 6.12 23.27 - 3.98 0.83 10.60 22.91

Profile*

Canadian Net Real Estate Investment Trust

Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties.

106 Gun Avenue, Quebec City, QC, Canada, H9R 3X3

450-536-5328

https://www.en.fronsacreit.com

Name Title Year Born
Mr. Jason Parravano C.A., CPA Pres, CEO & Trustee NA
Mr. Charles Benjamin Gazith C.A., CPA CFO & Treasurer NA
Mr. Kevin Henley Chief Investment Officer & Sec. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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