Nova Net Lease REIT

Nova Net Lease REITverified

NNLRF

Price:

$0.42

Market Cap:

$3.13M

The REIT was formed to acquire specialized industrial and retail properties leased to experienced, top-tier, creditworthy state-licensed operators for their Regulated Cannabis facilities ("Licensed Facilities") in the United States. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to 15 year term and strives to negotiate annual rental rate increases in the leases. The REIT's portfolio will consist of only Licensed Facilities in the United States with a targeted mix of 80% cultivation/grow/processing facilities and 20% retail/dispensary. The REIT is internally managed by a vertically integrated t...[Read more]

Industry

REIT - Specialty

IPO Date

2022-09-15

Stock Exchange

OTC

Ticker

NNLRF

The Current Ratio as of November 2025 (TTM) for Nova Net Lease REIT (NNLRF) is 0.66

According to Nova Net Lease REIT’s latest financial reports and current stock price. The company's current Current Ratio is 0.66. This represents a change of -27.57% compared to the average of 0.92 of the last 4 quarters.

Nova Net Lease REIT (NNLRF) Historical Current Ratio (quarterly & annually)

How has NNLRF Current Ratio performed in the past?

The mean historical Current Ratio of Nova Net Lease REIT over the last ten years is 2.29. The current 0.66 Current Ratio has changed 2.80% 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.

Quarterly (TTM)
Annual

Average

2.29

Median

1.77

Minimum

0.83

Maximum

4.28

Nova Net Lease REIT (NNLRF) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.77-58.78%
20224.28417.70%

Nova Net Lease REIT (NNLRF) Average Current Ratio

How has NNLRF Current Ratio performed in the past?

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 (NNLRF) Current Ratio vs. Peers

How is NNLRF’s Current Ratio compared to its peers?

Nova Net Lease REIT’s Current Ratio is less than Office Properties Income Trust (12.92), less than Pennsylvania Real Estate Investment Trust (0.67), less than Kingwell Group Limited (2.14), greater than Aspen Digital Inc (0), less than Pennsylvania Real Estate Investment Trust (0.67), less than Pennsylvania Real Estate Investment Trust (0.67), greater than Urbi, Desarrollos Urbanos, S.A.B. de C.V. (0.26), greater than Holiday Island Holdings, Inc. (0.22), greater than Pacific Oak Strategic Opportunity REIT, Inc. (0), greater than Strategic Realty Trust, Inc. (0.09),

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