The earnings call reflects a strong financial performance with significant FFO growth, full occupancy, and successful lease renewals. However, the slow transaction market and flat rent increases for some leases present challenges. Overall, the sentiment is positive due to the outweighing highlights.

Company Guidance

During Canadian Net REIT's 2025 Second Quarter Earnings Conference Call, management highlighted several key metrics reflecting the company's robust financial performance and strategic direction. The REIT reported an 8% growth in FFO per unit for the year-to-date, driven by capital recycling and accretive reinvestments. The portfolio maintained a 100% occupancy rate, with a conservative payout ratio of 52%. Leasing activity was strong, with 97% of 2025 expiring leases renewed at an average rental spread of 6.8%, and early renewals for 2026 showing an 11.5% increase. The REIT completed a development at Sainte-Sophie with a 7% yield on cost, generating approximately $70,000 in annual NOI. The company maintained a debt-to-gross asset ratio of 54% excluding convertible debentures, and NOI increased by 4% to $10 million for the six-month period ending June 30, 2025. Despite a slower transactional market, the REIT remains focused on sourcing accretive opportunities, with expectations for potential rate cuts to stimulate future acquisitions.

Strong FFO Growth

FFO per unit increased by 8% year-over-year, reaching $0.33 for the 6-month period ended June 30, 2025. Total FFO increased to $6.8 million, up from $6.3 million for the same period last year.

100% Occupancy Rate Maintained

The company maintained a 100% occupancy rate in Q2 2025, driven by high demand and limited supply in the market.

Low Payout Ratio

The payout ratio remains conservative at 52%, one of the lowest in the Canadian REIT sector, providing room for distribution increases and cash preservation.

Successful Lease Renewals

Five out of six expiring leases in 2025 were renewed, accounting for 97% of expiring rents with an average rental spread of 6.8%. For 2026, 45% of expiring NOI has already been renewed with an average increase of 11.5%.

Steady Financial Position

Debt-to-gross asset ratio decreased to 56% from 58% the previous year, showing a prudent approach to leverage management.

Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:NET.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	- / -	0.631	―	―	―
Aug 19, 2025	2025 (Q2)	- / -0.07	-0.434	84.79% (+0.37)	―	―
May 15, 2025	2025 (Q1)	- / 0.49	0.061	711.48% (+0.43)	―	―
Mar 18, 2025	2024 (Q4)	- / 0.09	0.212	-58.96% (-0.13)	―	―
Nov 19, 2024	2024 (Q3)	- / 0.63	0.148	326.35% (+0.48)	―	―
Aug 20, 2024	2024 (Q2)	- / -0.43	0.292	-248.63% (-0.73)	―	―
May 21, 2024	2024 (Q1)	- / 0.06	0.234	-73.93% (-0.17)	―	―
Mar 20, 2024	2023 (Q4)	- / 0.21	-0.452	146.90% (+0.66)	―	―
Nov 22, 2023	2023 (Q3)	- / 0.15	-0.026	669.23% (+0.17)	―	―
Aug 16, 2023	2023 (Q2)	- / 0.29	0.091	220.88% (+0.20)	―	―

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

TSE:NET.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 19, 2025	C$5.54	C$5.61	+1.26%
May 15, 2025	C$5.30	C$5.32	+0.38%
Mar 18, 2025	C$5.53	C$5.38	-2.71%
Nov 19, 2024	C$5.06	C$5.08	+0.40%

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.

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 Nov 19, 2025, TBA (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 Nov 19, 2025, TBA (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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