Canadian Net Real Estate Investment Trust

Canadian Net Real Estate Investment Trust

6.07
CAD
-0.18
(-2.88%)
0.67EPS
9.56P/E
131.81MMarket Cap
Nov 25Next Earn
Canadian Net Real Estate Investment Trust
NEO:NET.UN
(Cboe Canada)

Recent

price

6.07

P/E

ratio

9.56

div

yld

5.76%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CAD
0.38
0.37
0.32
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
1.37
Revenue per Share
0.06
-0.07
0.51
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
0.67
Basic EPS, GAAP
0.11
-0.22
0.14
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
Free Cash Flow per Basic Share
- -
- -
0.12
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
Dividend per Share
2.36
2.34
2.89
3.14
2.93
3.05
3.62
4.29
4.07
4.37
5.18
6.4
5.76
6.31
6.3
6.76
6.87
Book Value per Share
2.34
2.34
2.89
3.14
2.93
3.05
3.62
4.29
4.07
4.37
5.18
6.4
5.76
6.31
6.3
6.76
6.87
Tangible Book Value per Share
1
1
2
3
4
5
5
7
9
11
15
20
21
21
21
21
21
Basic Weighted Avg Shares
- -
1
1
1
1
2
3
4
6
9
13
19
25
27
26
28
28
Sales/Revenue/Turnover
69.61
69.09
66.73
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
63.17
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
1
1
-1
1
3
5
-2
4
10
25
-6
18
7
17
14
Net Income, GAAP
29.58
- -
14.84
6.16
- -
2
0.56
0.08
- -
- -
0.02
0.58
- -
0.03
- -
1.98
- -
Effective Tax Rate (%)
15.84
-19.99
159.55
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
48.7
Profit Margin (%)
1
- -
2
-2
3
-4
-4
-1
-9
-18
-6
-15
-31
-36
-38
-31
-38
Working Capital
3
2
3
7
7
14
22
30
48
56
107
130
144
135
132
146
140
LT Debt
3
5
10
11
14
14
21
37
41
51
90
130
119
129
129
139
142
Total Equity
3.61
- -
9.87
3.65
- -
4.83
8.3
7.9
- -
- -
5.5
5.46
- -
5.92
- -
5.82
5.68
Return on Invested Capital (%)
3.65
- -
10.92
8.99
- -
6.79
10.1
9.5
- -
- -
7.77
12.38
- -
8.58
- -
7.89
6.74
Return on Capital (%)
2.78
-2.54
14.91
12.36
-6
9.74
18.86
15.62
-4.84
8.81
13.59
22.81
-5.23
14.68
5.49
12.41
9.96
Return on Common Equity (%)

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
28
35
35
LT Borrowings
146
137
140
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
118
130
132

Working Capital

CAD

•

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

Growth Rates

CAD

•

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

CAD

•

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
-0.43
0.63
0.09
0.35
2025
0.49
-0.07
0.14
0.24
0.81
2026
0.12
0.17
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.09
0.09
0.09
0.34
2025
0.09
0.09
0.09
0.09
0.35
2026
0.09
0.09
- -
- -
- -
Business
Canadian Net Real Estate Investment Trust (TSX-V: NET.UN) is an open-ended real estate investment trust that acquires, owns and leases single-tenant triple net and management-free commercial properties primarily in secondary markets across Canada; its portfolio comprises 97 properties totaling 1.52 million square feet of gross leasable area, with 100% occupancy, focused on necessity retail (66%), convenience stores (18%), quick service restaurants (14%) and other uses; tenants consist predominantly of national retailers (91%), supplemented by regional and local operators, under long-term leases where occupants assume property taxes, insurance and maintenance expenses. The REIT operates through wholly-owned subsidiaries, joint ventures and co-ownerships in Quebec (59.6% of GLA), Ontario (24.5%), Nova Scotia (15.7%) and New Brunswick (0.3%), generating predictable cash flows from assets valued at $317 million; headquartered at 106 Gun Avenue, Pointe-Claire, Quebec, the Trust traces its origins to a trust agreement formed on March 11, 2011 under the Civil Code of Quebec, having previously operated as Fronsac REIT. Recent developments include the January 2025 acquisition of three properties in Quebec; the October 2024 purchase of a grocery store property in Nova Scotia; the closing of a $4.0 million non-brokered private placement of unsecured convertible debentures in December 2025 to support growth and capital recycling; alongside quarterly distributions of $0.35 annually per unit.

Company News

  • Canadian Net Real Estate Investment Trust (NET.UN:CA) Q2 2026 Earnings Call Prepared Remarks Transcript

  • 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