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Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN)
:NET.UN
Holding TSE:NET.UN?
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Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.31Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 23, 2019
|% Change Since: -0.95%
|Next Earnings Date:Mar 22, 2019
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced view with strong operational performance and strategic acquisitions, tempered by declines in financial metrics and increased expenses due to external factors.Company Guidance
During the Q3 2024 earnings call for Canadian Net REIT, the management provided detailed guidance on various financial metrics and strategic initiatives. The REIT maintained a 100% occupancy rate and completed its capital recycling program by disposing of properties worth approximately $12.8 million, subsequently acquiring a $9 million grocery store at a 7% capitalization rate. The acquisition was financed at 4.5%, illustrating favorable spreads between cap rates and interest rates. The REIT experienced a 4% decline in normalized FFO per unit due to higher interest expenses and property sales. They also reported on lease renewals, with 2024 leases fully renewed and 2025 renewals underway, expecting a 5% increase in expiring rents. The weighted average lease term remained steady at 6.2 years. Looking ahead, the REIT is focused on capital redeployment for growth in 2025, maintaining a debt-to-gross assets ratio of 54%, and continues to seek accretive acquisitions to enhance its portfolio in the robust necessity-based retail market.100% Occupancy and Capital Recycling Program
Canadian Net REIT maintained 100% occupancy and completed a capital recycling program, disposing of 4 properties for $12.8 million and acquiring a $9 million grocery store at a 7% capitalization rate.
Successful Lease Renewals
All 2024 leases renewed with 2025 renewals underway, expecting a 5% increase on expiring rents. Strong demand in asset class with a steady weighted average lease term of 6.2 years.
Prudent Financial Management
Debt-to-gross assets ratio decreased from 57% to 54% year-over-year, with limited exposure to variable rate debt and a structured debt ladder.
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Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) Earnings, Revenues Date & History
TSE:NET.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:NET.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | C$5.25 | C$5.27 | +0.38% |
| Aug 20, 2024 | C$5.53 | C$5.46 | -1.27% |
| May 21, 2024 | C$4.76 | C$4.75 | -0.21% |
| Mar 20, 2024 | C$4.61 | C$4.59 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) report earnings?
Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) earnings time?
Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) earnings time is at Mar 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:NET.UN EPS forecast?
Currently, no data Available
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