Canadian Net Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 22, 2023 at 06:19 pm EST
Share
Canadian Net Real Estate Investment Trust reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 6.4 million compared to CAD 6.37 million a year ago. Revenue was CAD 5.21 million compared to CAD 1.36 million a year ago. Net income was CAD 3.04 million compared to net loss of CAD 0.540958 million a year ago.
For the nine months, sales was CAD 19.3 million compared to CAD 17.68 million a year ago. Revenue was CAD 20.31 million compared to CAD 8.08 million a year ago. Net income was CAD 13.88 million compared to CAD 2.82 million a year ago.
Canadian Net Real Estate Investment Trust (the Trust) is a Canada-based open-ended real estate investment trust. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. The Trust operates in one segment, commercial real estate located in Canada. The Trust holds approximately 101 investment properties, 83 residing in the province of Quebec, nine in the province of Ontario and nine in the province of Nova Scotia. The properties are occupied by four distinct groups of tenants composed of retailers, national service station and convenience store chains, quick-service restaurant chains, and others. The Trust's properties include 40-50 Brunet Street, 230 St-Luc Blvd, 196 Hotel-de-Ville Blvd, 1349-1351 Road 117, 275 Barkoff Street, 530 Barkoff Street, 340-344 Montee du Comte, 1440-50 St-Laurent East Blvd, 1460 St-Laurent East Blvd, 7335 Guillaume Couture Blvd, 4200 Bernard-Pilon Street and others.
CANADIAN NET REAL ESTATE INVESTMENT TRUST 
