Nova Net Lease REIT Unit (NNLu)

CSE
Currency in USD
0.41
0.00(0.00%)
Closed·
NNLu Scorecard
Full Analysis
Stock generally trades with low price volatility
Trading near 52-week High
Fair Value
Day's Range
0.410.41
52 wk Range
0.060.41
Key Statistics
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Bid/Ask
0.08 / 0.14
Prev. Close
0.1
Open
0.41
Day's Range
0.41-0.41
52 wk Range
0.06-0.41
Volume
275K
Average Volume (3m)
275K
1-Year Change
355.56%
Fair Value
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Fair Value Upside
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Company’s Health
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Fair Value
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Fair Price
Upside
Analysts Sentiment
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Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low revenue valuation multiple

Nova Net Lease REIT Unit News & Analysis

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Nova Net Lease REIT Unit Company Profile

The REIT was formed on July 27, 2021, as a newly created, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario, where one unit of the REIT was issued for $10 in cash. The declaration of trust of the REIT was filed on SEDAR+ at www.sedarplus.ca in conjunction with the filing of the Prospectus for the REIT’s initial public offering of trust units (the “Offering”) on the CSE. The REIT’s registered office is located at 200 Bay Street, North Tower, Suite 1200, Toronto, Ontario, Canada, M5J 2J2. From formation to September 1, 2021, the REIT had no operations. On September 1, 2021, all of the outstanding shares of Verdant Growth Properties Corp. (“Verdant”) were exchanged for shares in the REIT on a 10 for 1 basis, making Verdant a wholly-owned subsidiary of the REIT (the “Share Exchange”). Verdant, a Delaware corporation, was formed on October 27, 2020, for the purpose of owning and leasing, on a triple-net basis, cannabis-related real estate assets in the United States (the “U.S.”). From inception until the Share Exchange, Verdant had been preparing for an initial public offering on the CSE. The REIT was formed to affect the cross-border structure whereby the REIT is classified as a U.S. corporation for U.S. federal income tax purposes pursuant to section 7874 of the United States Internal Revenue Code of 1986, as amended (the “Code”). As a result, it is permitted to elect to be treated as a real estate investment trust under the Code, notwithstanding it is organized as a Canadian entity. The REIT is considered an umbrella partnership real estate investment trust for U.S. federal income tax purposes. Operations of the REIT are conducted primarily through the Operating Partnership, a subsidiary of Verdant, which was formed under the laws of the State of Delaware. At formation, the Operating Partnership was a single member LLC with Verdant owning 100% of the Class A Units.

Compare NNLu to Peers and Sector

Metrics to compare
NNLu
Peers
Sector
Relationship
P/E Ratio
−3.4x6.7x8.7x
PEG Ratio
0.02−0.160.01
Price/Book
0.5x1.1x0.9x
Price / LTM Sales
3.8x3.9x3.8x
Upside (Analyst Target)
-13.2%13.8%
Fair Value Upside
Unlock−12.4%−5.1%Unlock

Earnings

Latest Release
Nov 22, 2024
EPS / Forecast
-0.07 / --
Revenue / Forecast
405.01K / --
EPS Revisions
Last 90 days

NNLu Income Statement

FAQ

What Is the Nova Net Lease REIT Unt (NNLu) Stock Price Today?

The Nova Net Lease REIT Unt stock price today is 0.41

What Stock Exchange Does Nova Net Lease REIT Unt Trade On?

Nova Net Lease REIT Unt is listed and trades on the Canadian Securities Exchange stock exchange.

What Is the Stock Symbol for Nova Net Lease REIT Unt?

The stock symbol for Nova Net Lease REIT Unt is "NNLu."

What Is the Nova Net Lease REIT Unt Market Cap?

As of today, Nova Net Lease REIT Unt market cap is 6.34M.

What Is Nova Net Lease REIT Unt's Earnings Per Share (TTM)?

The Nova Net Lease REIT Unt EPS (TTM) is -0.12.

From a Technical Analysis Perspective, Is NNLu a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Nova Net Lease REIT Unt Stock Split?

Nova Net Lease REIT Unt has split 0 times.

How Many Employees Does Nova Net Lease REIT Unt Have?

Nova Net Lease REIT Unt has 0 employees.

What is the current trading status of Nova Net Lease REIT Unt (NNLu)?

As of Jun 13, 2025, Nova Net Lease REIT Unt (NNLu) is trading at a price of 0.41, with a previous close of 0.10. The stock has fluctuated within a day range of 0.41 to 0.41, while its 52-week range spans from 0.06 to 0.41.
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