Canadian Net Real Estate Investment Trust

Canadian Net Real Estate Investment Trust

CNNRF
Canadian Net Real Estate Investment TrustUS flagOther OTC
4.74
USD
+0.05
- -
97.78MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.35
0.4
0.5
0.57
0.65
0.69
0.84
0.89
0.93
1.21
1.29
1.27
1.36
1.36
Basic EPS, GAAP
0.38
-0.2
0.29
0.64
0.67
-0.21
0.37
0.66
1.24
-0.32
0.89
0.35
0.81
0.44
Free Cash Flow per Basic Share
0.08
0.22
0.29
0.27
0.31
0.35
0.32
0.42
0.46
0.55
0.55
0.52
0.6
0.6
Dividend per Share
0.14
0.15
0.15
0.16
0.19
0.2
0.22
0.26
0.28
0.34
0.34
0.34
0.35
0.35
Book Value per Share
3.27
3.61
3.04
0.55
0.88
- -
4.6
6.16
6.4
5.78
6.29
6.29
6.75
6.79
Tangible Book Value per Share
3.31
3.64
3.05
4.09
5.45
4.53
4.61
6.17
6.4
5.79
6.3
6.3
6.76
6.8
Basic Weighted Avg Shares
3
4
5
5
7
9
11
15
20
21
21
21
21
21
Sales/Revenue/Turnover
1
1
2
3
4
6
9
13
19
25
27
26
28
28
Operating Margin (%)
79.01
76.27
70.95
70.46
67.03
72.18
66.64
70.09
69.8
68.25
67.3
64.7
64.69
63.88
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
1
-1
1
3
5
-2
4
10
25
-6
18
7
17
9
Effective Tax Rate (%)
6.16
- -
2
0.56
0.08
- -
- -
0.02
0.58
- -
0.03
- -
1.98
- -
Profit Margin (%)
109.8
-48.74
55.05
106.83
103.93
-30.03
43.47
74.08
132.38
-26.26
68.63
27.19
59.59
31.97
Working Capital
-2
3
-4
-4
-1
-9
-18
-6
-15
-31
-36
-38
-31
-39
LT Debt
7
7
14
22
30
48
56
107
130
144
135
132
146
137
Total Equity
11
14
14
21
37
41
51
90
130
119
129
129
139
140
Return on Invested Capital (%)
5.12
- -
6.1
5.44
5.09
- -
- -
5.5
5.47
- -
5.92
- -
5.82
5.7
Return on Capital (%)
9.03
- -
6.81
13.31
16.65
- -
- -
7.78
12.38
- -
8.58
- -
7.89
5.23
Return on Common Equity (%)
12.45
-6.04
9.8
39.52
103
-63.89
15.92
13.61
22.82
-5.23
14.69
5.49
12.42
6.46

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
32
28
35
LT Borrowings
144
146
137
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
112
118
128

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2
2
3
Cash, Cash Equivalents & STI
1
2
3
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
36
33
41
Payables & Accruals
2
2
2
ST Debt
32
28
35
Deferred Revenue
1
1
2

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.73%
10.38%
7.51%
Free Cash Flow
27.24%
16.41%
16.05%
Net Income, GAAP
-39.84%
-54.4%
134.72%
Sales/Revenue/Turnover
29.74%
17.86%
7.11%
Total Cash Common Dividend
25.96%
15.23%
0.9%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7
7
6
7
26
2025
7
7
7
7
28
2026
7
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
-0.43
0.63
- -
0.35
2025
0.49
-0.07
0.14
- -
0.81
2026
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.09
0.09
- -
0.34
2025
0.09
0.09
0.09
- -
0.35
2026
0.09
- -
- -
- -
- -

Company Description

APIChat
CEO
Kevin Henley
Full Time Employees
4
Sector
Real Estate
Industry
REIT - Diversified
Address
106 Gun Avenue Quebec City QC Canada H9R 3X3
IPO Date
Jun 28, 2022
Business
Canadian Net Real Estate Investment Trust (TSXV: NET.UN; OTC: CNNRF) is an open-ended real estate investment trust that acquires, owns and leases high-quality, single-tenant triple net and management-free commercial properties in secondary Canadian markets; its portfolio comprises approximately 97 properties totaling 1.52 million square feet of gross leasable area, primarily necessity-based retail assets including grocery stores, pharmacies, convenience stores with gas stations, and quick-service restaurants leased to national tenants such as Loblaws, Walmart, Metro and Sobeys; properties are concentrated in Quebec (60%), Ontario (25%), Nova Scotia (16%) and New Brunswick, with 100% occupancy and operations focused on stable, predictable rental income from long-term leases. Formed on March 11, 2011 under the Civil Code of Quebec and headquartered in Montreal, the Trust maintains low overhead through its management-free model targeting fragmented secondary markets where national retailers hold strategic locations. Formerly Fronsac REIT, it recently completed a $4.0 million non-brokered private placement of secured convertible debentures on December 1, 2025, maturing December 1, 2030 with 8.0% annual interest and convertible at $0.75 per unit to support growth and value-accretive acquisitions following $9 million in prior debenture repayments using internal cash flow and refinancing; in 2025, it implemented a capital recycling program, reported stable rental income and FFO growth in Q1-Q3, and announced an equity buyback of up to 5% of shares.

Company News

APIChat
  • Canadian Net Real Estate Investment Trust (NET.UN:CA) Q1 2026 Earnings Call Transcript

  • Canadian Net REIT Announces 2026 First-Quarter Results and a Distribution Increase

  • Canadian Net REIT: Compelling Valuation Even As Book Value Discount Largely Disappears

  • My 10 REIT Portfolio That Pays Me $3,000 Each Month

  • 3 Monthly Dividend REITs For Passive Income

  • Canadian Net Real Estate Investment Trust (NET.UN:CA) Q4 2025 Earnings Call Transcript

  • Canadian Net REIT Announces the Issuance of Units for Services Rendered and Grant of Performance Units in Relation with Its Unit Compensation Plan

  • Canadian Net REIT Announces 2025 Fourth-Quarter Results

  • Yield And Growth - Canadian Net Real Estate Investment Trust Delivers Both, And More

  • Canadian Net Real Estate Investment Trust (NET.UN:CA) Q3 2025 Earnings Call Transcript

  • Canadian Net REIT Announces 2025 Third-Quarter Results

  • 2 REITs That Missed Out On The Rally

  • Canadian Net REIT: Dividends With Strong Growth Potential

  • Canadian Net Real Estate Investment Trust (CNNRF) Q2 2025 Earnings Call Transcript

  • Canadian Net REIT Announces 2025 Second-Quarter Results

  • Canadian Net Reit Announces Renewal of Normal Course Issuer Bid

  • Canadian Net REIT: A High-Yield, High-Conviction Bet On NNN Stability

  • Canadian Net REIT: Attractively Valued Despite High Indebtedness

  • 4 U.S., Canadian REITs Hike Dividend Payments In May

  • 3 Once-In-A-Decade REIT Opportunities