Canadian Net REIT: Our Largest REIT Position

Summary

  • Canadian Net Real Estate Investment Trust has reported Q3-2023 results, showing a nominal increase in rental revenues and a 1% increase in year-over-year net operating income.
  • The REIT's portfolio remains fully occupied with a weighted average lease term of 6.6 years.
  • We review the performance since our last report and tell you why this is our largest Canadian REIT position.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Petro-Canada Gas Station

hapabapa/iStock Editorial via Getty Images

Points to note:

1) All values are in CAD unless noted otherwise.

2) Prior to June 17, 2021, Canadian Net operated under the name of Fronsac Real Estate Investment Trust (FRO.UN).

Previous Coverage

We

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This article was written by

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Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of NET.UN:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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