Inovalis REIT Un (TSE:INO.UN)
TSX:INO.UN
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Inovalis REIT
(TSX:INO.UN)
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Rating:44Neutral
Price Target:
C$0.83
▼(-10.32% Downside)
Action:ReiteratedDate:03/27/26
The score is driven primarily by pressured financial performance (declining revenue, persistent losses, and negative 2025 cash flow) and a bearish technical setup (below key moving averages with negative MACD). Valuation is only modestly supportive due to the high dividend yield, but the elevated P/E caps the benefit.
Positive Factors
Focused European Portfolio
A concentrated portfolio of office assets in France and Germany provides a durable, contract-driven income base. Long-term leases and local asset management expertise support predictable rental cash flows and tenant relationships, helping stabilize operating income across market cycles.
Negative Factors
Declining Revenue Trend
Sustained top-line declines weaken net operating income and limit the REIT's ability to cover fixed property and financing costs. For an office-focused REIT, falling revenue suggests occupancy or rental-rate pressure in core markets, which undermines long-term distribution sustainability and asset valuation.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused European Portfolio
A concentrated portfolio of office assets in France and Germany provides a durable, contract-driven income base. Long-term leases and local asset management expertise support predictable rental cash flows and tenant relationships, helping stabilize operating income across market cycles.
Read all positive factors
Inovalis REIT (INO.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$28.80M
Dividend YieldN/A
Average Volume (3M)44.00K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-7.30%
EPS Growth55.77%
CountryCA
Employees300
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-1.41
Shares Outstanding33,492,817
10 Day Avg. Volume42,959
30 Day Avg. Volume43,997
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.25
Price to Sales (P/S)1.57
P/FCF Ratio-7.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$14.70M
Inovalis REIT Business Overview & Revenue Model
Company Description
Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring an...
How the Company Makes Money
Inovalis REIT generates revenue primarily from rental income earned on leases with tenants occupying its office properties in France and Germany. This includes base rent paid under lease agreements and may also include reimbursements and recoverie...
Inovalis REIT Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.39M | 24.11M | 33.57M | 31.14M | 34.46M |
| Gross Profit | 9.23M | 13.78M | 23.22M | 21.63M | 24.19M |
| EBITDA | -41.67M | -61.80M | -21.80M | 16.23M | 35.87M |
| Net Income | -55.97M | -69.13M | -29.69M | -36.98M | 30.33M |
Balance Sheet | |||||
| Total Assets | 363.38M | 412.22M | 484.06M | 561.11M | 587.25M |
| Cash, Cash Equivalents and Short-Term Investments | 25.43M | 6.25M | 12.61M | 45.18M | 76.63M |
| Total Debt | 204.53M | 215.51M | 221.04M | 243.09M | 207.12M |
| Total Liabilities | 225.73M | 230.11M | 236.69M | 272.93M | 241.16M |
| Stockholders Equity | 138.81M | 182.04M | 246.42M | 286.98M | 344.79M |
Cash Flow | |||||
| Free Cash Flow | -4.83M | 913.00K | 3.97M | 21.43M | -112.81M |
| Operating Cash Flow | -4.83M | 913.00K | 3.97M | 21.43M | -7.92M |
| Investing Cash Flow | 50.96M | 701.00K | 2.15M | -60.47M | 106.61M |
| Financing Cash Flow | -28.12M | -7.92M | -39.08M | 9.70M | -97.54M |
Inovalis REIT Technical Analysis
Negative
0.93
Price Trends
1.00
Negative
0.95
Negative
0.90
Negative
Market Momentum
-0.04
Negative
40.90
Neutral
48.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:INO.UN, the sentiment is Negative. The current price of 0.93 is above the 20-day moving average (MA) of 0.89, below the 50-day MA of 1.00, and above the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 48.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:INO.UN.
Inovalis REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$343.37M | 16.24 | 4.52% | 7.37% | 0.92% | 92.93% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
48 Neutral | C$113.87M | -3.92 | -7.82% | 5.79% | -5.17% | -187.42% | |
45 Neutral | C$1.35B | -1.41 | -10.26% | 13.67% | 1.86% | 1.84% | |
44 Neutral | C$28.80M | -0.63 | -18.69% | ― | -7.30% | 55.77% | |
| ― | C$2.58M | -0.03 | -141.77% | ― | -6.21% | 65.52% | |
45 Neutral | C$313.69M | -2.20 | -16.57% | 5.65% | -1.06% | -20.07% |
* Real Estate Sector Average
TSE:INO.UN
Inovalis REIT
0.85
0.05
6.25%
TSE:BTB.UN
BTB REIT
3.92
1.00
34.25%
TSE:RPR.UN
Slate Office REIT
0.03
-0.44
-93.62%
TSE:TNT.UN
True NthCommercial
8.10
0.08
1.02%
TSE:D.UN
Dream Office Real Estate Investment
16.50
1.91
13.08%
TSE:AP.UN
Allied Properties Real Estate Investment Trust
9.69
-3.40
-25.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.