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Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN)
TSXV:NET.UN
RESEARCH TOOLSreports
Canadian Net Real Estate Investment Trust Trust Units (NET.UN) Stock Price & Analysis
43 Followers
NET.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$4.32 - C$5.07
Previous CloseC$5
Volume4.54K
Average Volume (3M)7.55K
Market Cap
C$102.81M
Enterprise ValueC$271.91M
Total Cash (Recent Filing)C$2.82M
Total Debt (Recent Filing)C$171.93M
Price to Earnings (P/E)7.0
Beta0.35
Next Earnings
Aug 23, 2024EPS EstimateN/A
Next Dividend Ex-Date
Sep 13, 2024Dividend Yield6.89%
Share Statistics
EPS (TTM)0.71
Shares Outstanding20,528,502
10 Day Avg. Volume6,881
30 Day Avg. Volume7,547
Standard Deviation0.06
R-Squared0.18
Alpha-0.00132
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)3.74
Price to Cash Flow (P/CF)7.40
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.00Price Target Upside20.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Bulls Say, Bears Say
Bulls Say
Organic GrowthAnticipated leasing spreads in the mid to high single-digits for 2025 expiries should support modest organic NOI growth going forward.
Portfolio PerformanceThe REIT’s portfolio continues to perform largely in line with expectations and remains fully occupied.
ValuationAnalyst maintains a Buy rating and continues to like CNET given the REIT’s attractive valuation and elevated and sustainable distribution.
Bears Say
EarningsCanadian Net reported FFO/unit of $0.152, a y/y decline of 3%, and slightly below forecast and consensus.
Financial PerformanceFollowing Q124 results that were slightly below expectations, estimates for FFO/unit and AFFO/unit have been adjusted to reflect lower NOI and higher interest expense run-rates.
Interest ExpenseThe variance to our forecast was attributable to slightly lower than anticipated NOI and slightly higher than anticipated interest expense from joint venture assets.
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Options Prices
Currently, No data available
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Ownership Overview
57.19% Insiders
0.00% Mutual Funds
0.36% Other Institutional Investors
42.45% Public Companies and
Individual Investors
NET.UN FAQ
What was Canadian Net Real Estate Investment Trust Trust Units’s price range in the past 12 months?
Canadian Net Real Estate Investment Trust Trust Units lowest stock price was C$4.32 and its highest was C$5.07 in the past 12 months.
What is Canadian Net Real Estate Investment Trust Trust Units’s market cap?
Currently, no data Available
When is Canadian Net Real Estate Investment Trust Trust Units’s upcoming earnings report date?
Canadian Net Real Estate Investment Trust Trust Units’s upcoming earnings report date is Aug 23, 2024 which is in 37 days.
How were Canadian Net Real Estate Investment Trust Trust Units’s earnings last quarter?
Canadian Net Real Estate Investment Trust Trust Units released its earnings results on May 21, 2024. The company reported C$0.061 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.061.
Is Canadian Net Real Estate Investment Trust Trust Units overvalued?
According to Wall Street analysts Canadian Net Real Estate Investment Trust Trust Units’s price is currently Undervalued.
Does Canadian Net Real Estate Investment Trust Trust Units pay dividends?
Canadian Net Real Estate Investment Trust Trust Units pays a Monthly dividend of C$0.03 which represents an annual dividend yield of 6.89%. See more information on Canadian Net Real Estate Investment Trust Trust Units dividends here
What is Canadian Net Real Estate Investment Trust Trust Units’s EPS estimate?
Canadian Net Real Estate Investment Trust Trust Units’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Canadian Net Real Estate Investment Trust Trust Units have?
Canadian Net Real Estate Investment Trust Trust Units has 20,561,060 shares outstanding.
What happened to Canadian Net Real Estate Investment Trust Trust Units’s price movement after its last earnings report?
Canadian Net Real Estate Investment Trust Trust Units reported an EPS of C$0.061 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.204%.
Which hedge fund is a major shareholder of Canadian Net Real Estate Investment Trust Trust Units?
Currently, no hedge funds are holding shares in TSE:NET.UN
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Canadian Net Real Estate Investment Trust Trust Units Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$6.00 (20.00% Upside)
C$6.00 (20.00% Upside)
Blogger Sentiment
Bullish
TSE:NET.UN Sentiment 100%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth C$49.3K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
7.08%
12-Months-Change
Fundamentals
Return on Equity
11.68%
Trailing 12-Months
Asset Growth
0.72%
Trailing 12-Months
Company Description
Canadian Net Real Estate Investment Trust Trust Units
Fronsac Real Estate Investment Trust is an open-ended real estate investment trust. The REIT, through its subsidiaries, joint ventures and co-ownerships, operates as a lessor of commercial real estate properties. The trust derives rental revenue from its four segments, being Major Canadian energy companies; Retail; Quick service restaurants; and Convenience store companies. Geographically, the company primarily operates in Canada.
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NET.UN Stock 12 Month Forecast
Average Price Target
C$6.00
▲(20.00% Upside)
Technical Analysis
Dream Industrl REIT
―
H&R Real Estate ate Staple
―
First Capital Realty
―
Morguard Real Estate ate
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Best Analysts Covering NET.UN
1 Year
1 Year Success Rate
5/11 ratings generated profit
1 Year Average Return
-8.46%
reiterated a buy rating 2 months ago
Copying David Chrystal's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of -8.46% per trade.
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