NNLRF
Price:
$0.42
Market Cap:
$3.33M
This Real Estate Investment Trust (REIT) focuses on purchasing specialized industrial and retail properties across the United States, which are then leased to highly experienced, top-tier, and creditworthy state-licensed operators for their regulated cannabis facilities (referred to as 'Licensed Facilities'). Its acquisition strategy primarily involves sale-leaseback transactions, through which it provides triple net leases for an intended duration of 10 to 15 years, actively seeking annual rental rate increases. The REIT's investment portfolio will exclusively comprise Licensed Facilities within the U.S., targeting a specific allocation of 80% to cultivation, growing, and processing sites, ...[Read more]
Industry
REIT - Specialty
IPO Date
2022-09-15
Stock Exchange
OTC
Ticker
NNLRF
According to Nova Net Lease REIT’s latest financial reports and current stock price. The company's current Current Ratio is 1.77. This represents a change of 92.44% compared to the average of 0.92 of the last 4 quarters.
The mean historical Current Ratio of Nova Net Lease REIT over the last ten years is 2.29. The current 1.77 Current Ratio has changed 7.60% with respect to the historical average. Over the past ten years (40 quarters), NNLRF's Current Ratio was at its highest in in the December 2022 quarter at 4.28. The Current Ratio was at its lowest in in the March 2024 quarter at 0.36.
Average
2.29
Median
1.77
Minimum
0.83
Maximum
4.28
Discovering the peaks and valleys of Nova Net Lease REIT Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 417.70%
Maximum Annual Current Ratio = 4.28
Minimum Annual Increase = -58.78%
Minimum Annual Current Ratio = 0.83
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 1.77 | -58.78% |
| 2022 | 4.28 | 417.70% |
The current Current Ratio of Nova Net Lease REIT (NNLRF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
2.29
5-year avg
2.29
10-year avg
2.29
Nova Net Lease REIT’s Current Ratio is greater than Office Properties Income Trust (0), greater than Pennsylvania Real Estate Investment Trust (0), less than Kingwell Group Limited (2.05), greater than Aspen Digital Inc (0), greater than Pennsylvania Real Estate Investment Trust (0), greater than Pennsylvania Real Estate Investment Trust (0), greater than Urbi, Desarrollos Urbanos, S.A.B. de C.V. (0.21), greater than Holiday Island Holdings, Inc. (0.22), greater than Pacific Oak Strategic Opportunity REIT, Inc. (0.04), greater than Strategic Realty Trust, Inc. (0.09),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0 | $14.79K | |
| 0 | $2.66M | |
| 2.05 | $2.89M | |
| 0 | $1.68M | |
| 0 | $2.29M | |
| 0 | $2.24M | |
| 0.21 | $4.42M | |
| 0.22 | $4.46M | |
| 0.04 | $108.10M | |
| 0.09 | $860.24K |
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