Nova Net Lease REIT
Nova Net Lease REIT (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.
Nova Net Lease REIT (NNLRF) - Total Assets
Latest total assets as of September 2024: $15.43 Million USD
Based on the latest financial reports, Nova Net Lease REIT (NNLRF) holds total assets worth $15.43 Million USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Nova Net Lease REIT - Total Assets Trend (2021–2023)
This chart illustrates how Nova Net Lease REIT’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nova Net Lease REIT - Asset Composition Analysis
Current Asset Composition (December 2023)
Nova Net Lease REIT's total assets of $15.43 Million consist of 7.6% current assets and 92.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.8% |
| Accounts Receivable | $937.88K | 5.9% |
| Inventory | $1.21 Million | 7.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2023)
This chart illustrates how Nova Net Lease REIT's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nova Net Lease REIT's current assets represent 7.6% of total assets in 2023, a decrease from 8.7% in 2021.
- Cash Position: Cash and equivalents constituted 1.8% of total assets in 2023, down from 3.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is inventory at 7.6% of total assets.
Nova Net Lease REIT Competitors by Total Assets
Key competitors of Nova Net Lease REIT based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
American Tower Corp
NYSE:AMT
|
USA | $63.89 Billion |
|
Outfront Media Inc. (REIT)
F:76C
|
Germany | €5.22 Billion |
|
Afine Investments Ltd
JSE:ANI
|
South Africa | ZAC444.87 Million |
|
Automotive Properties Real Estate Investment Trust
PINK:APPTF
|
USA | $1.33 Billion |
|
Arena REIT
AU:ARF
|
Australia | AU$1.86 Billion |
|
BA Airport Leasehold Real Estate Investment Trust
BK:BAREIT
|
Thailand | ฿14.60 Billion |
|
Crown Castle
NYSE:CCI
|
USA | $31.52 Billion |
|
DIGITAL CORE REIT
PINK:DGTCF
|
USA | $2.25 Billion |
Nova Net Lease REIT - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Nova Net Lease REIT generates 0.10x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Nova Net Lease REIT generates $ 10.27 in net profit.
Nova Net Lease REIT - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.66 | 2.68 | 0.92 |
| Quick Ratio | 0.66 | 2.68 | 0.92 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-476.28K | $ 573.88K | $ -44.67K |
Nova Net Lease REIT - Advanced Valuation Insights
This section examines the relationship between Nova Net Lease REIT's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.22 |
| Latest Market Cap to Assets Ratio | 0.08 |
| Asset Growth Rate (YoY) | 26.1% |
| Total Assets | $15.99 Million |
| Market Capitalization | $1.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nova Net Lease REIT's assets below their book value (0.08 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Nova Net Lease REIT's assets grew by 26.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Nova Net Lease REIT (2021–2023)
The table below shows the annual total assets of Nova Net Lease REIT from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $15.99 Million | +26.06% |
| 2022-12-31 | $12.69 Million | +7.80% |
| 2021-12-31 | $11.77 Million | -- |