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Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN)
:NET.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: -9.68%
|Next Earnings Date:May 21, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strategic portfolio enhancements and resilience in necessity-based retail as notable positives. However, this was offset by declines in key financial metrics and increased administrative expenses, leading to a cautious outlook.Company Guidance
In the Canadian Net REIT's 2024 fourth quarter earnings call, the company highlighted several financial metrics and strategic actions taken over the year. The REIT completed the sale of five gas station properties, yielding approximately $12.8 million, and reinvested in a Sobeys property for $9 million, along with a $12 million investment in three single-tenant properties with capitalization rates of 7% and 8% and mortgage rates of 4.5% and 4.8%. The REIT's FFO for the 3-month period ended December 31, 2024, decreased by 2.5% to $3.25 million, while the normalized FFO per unit for the year was $0.611, down 3.8% from 2023. The REIT's debt to gross asset ratio was approximately 56%, and the normalized FFO payout ratio increased slightly to 56%. The call also noted a 100% occupancy rate, a weighted average lease term of six years, and planned focus on refinancing to repay a $6 million convertible debenture.Strategic Portfolio Enhancements
Executed key sales and acquisitions, including the sale of 5 gas station properties for $12.8 million and acquisitions of properties in Nova Scotia and Quebec for $21 million in total.
Resilience in Necessity-Based Retail
Continued focus on necessity-based retail tenants, with recent acquisitions reinforcing this strategy and positioning the REIT to benefit from ongoing market resilience.
Successful Lease Renewals
Renewed 3 out of 6 leases set to expire in 2025 with a 4% average rental increase, representing 76% of expiring rents.
Strong Occupancy and Lease Term
Maintained a 100% occupancy rate with a weighted average lease term of 6 years.
Decreased Interest Expenses
Reduced interest expenses on credit facilities and debentures due to ongoing repayments and benefited from declining interest rates.
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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 |
|---|---|---|---|
| Mar 18, 2025 | C$5.68 | C$5.53 | -2.64% |
| Nov 19, 2024 | C$5.20 | C$5.21 | +0.19% |
| Aug 20, 2024 | C$5.47 | C$5.40 | -1.28% |
| May 21, 2024 | C$4.71 | C$4.70 | -0.21% |
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 May 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 May 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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