Canadian Net Real Estate Investment Trust Trust Units (TSE:NET.UN)
:NET.UN
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Canadian Net Real Estate Investment Trust Trust Units
(NET.UN)
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Rating:67Neutral
Price Target:
C$7.00
▲(18.04% Upside)
Action:Downgraded
Date:05/23/26
The score is driven primarily by solid financial performance with strong recent profitability and revenue growth, tempered by leverage and historical volatility in earnings and cash flow. Technicals are supportive with price above key longer-term averages and neutral momentum. Valuation contributes positively due to a reasonable P/E and a strong dividend yield.
Positive Factors
Revenue growth & profitability
Sustained TTM revenue growth near 31% alongside high gross and net profitability indicates durable demand and effective asset monetization. For a REIT, consistent top-line expansion and margin strength support distributions and internal reinvestment over the next several quarters.
Negative Factors
High leverage
Meaningful leverage (debt > equity) increases refinancing exposure and makes cash flow more sensitive to interest-rate moves. For a REIT, heavier debt amplifies financing costs and limits flexibility for acquisitions or buybacks during tighter credit cycles over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & profitability
Sustained TTM revenue growth near 31% alongside high gross and net profitability indicates durable demand and effective asset monetization. For a REIT, consistent top-line expansion and margin strength support distributions and internal reinvestment over the next several quarters.
Read all positive factors
Canadian Net Real Estate Investment Trust Trust Units (NET.UN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$131.82M
Dividend Yield6.15%
Average Volume (3M)16.27K
Price to Earnings (P/E)12.8
Beta (1Y)0.16
Revenue Growth6.18%
EPS Growth-44.10%
CountryCA
Employees4
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)N/A
Shares Outstanding20,597,637
10 Day Avg. Volume16,190
30 Day Avg. Volume16,268
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.84
Price to Sales (P/S)4.16
P/FCF Ratio8.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.75Price Target Upside13.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Canadian Net Real Estate Investment Trust Trust Units Business Overview & Revenue Model
Company Description
Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties....
How the Company Makes Money
null...
Canadian Net Real Estate Investment Trust Trust Units Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.07M | 27.98M | 26.12M | 26.55M | 24.73M | 18.95M |
| Gross Profit | 20.25M | 20.22M | 18.92M | 19.43M | 18.37M | 14.32M |
| EBITDA | 16.80M | 24.56M | 14.33M | 18.08M | 16.75M | 29.91M |
| Net Income | 8.97M | 16.67M | 7.10M | 18.22M | -6.49M | 25.09M |
Balance Sheet | ||||||
| Total Assets | 318.79M | 318.72M | 301.32M | 308.35M | 303.06M | 278.17M |
| Cash, Cash Equivalents and Short-Term Investments | 2.68M | 955.11K | 1.57M | 987.72K | 2.20M | 1.78M |
| Total Debt | 172.25M | 173.72M | 167.51M | 174.71M | 180.10M | 144.71M |
| Total Liabilities | 178.76M | 179.55M | 171.88M | 178.86M | 184.37M | 148.35M |
| Stockholders Equity | 140.03M | 139.17M | 129.44M | 129.49M | 118.69M | 129.81M |
Cash Flow | ||||||
| Free Cash Flow | 13.03M | 13.82M | 10.65M | 11.25M | 56.02M | 9.26M |
| Operating Cash Flow | 13.03M | 13.82M | 10.65M | 11.25M | 11.33M | 9.26M |
| Investing Cash Flow | -304.40K | -12.80M | 3.72M | 2.71M | -41.56M | -55.79M |
| Financing Cash Flow | -13.31M | -949.01K | -14.48M | -13.18M | 29.83M | 42.68M |
Canadian Net Real Estate Investment Trust Trust Units Technical Analysis
Positive
5.93
Price Trends
6.32
Positive
6.12
Positive
5.72
Positive
Market Momentum
0.03
Positive
54.07
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NET.UN, the sentiment is Positive. The current price of 5.93 is below the 20-day moving average (MA) of 6.51, below the 50-day MA of 6.32, and above the 200-day MA of 5.72, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 54.07 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NET.UN.
Canadian Net Real Estate Investment Trust Trust Units Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$252.57M | 13.58 | 8.24% | 8.65% | 0.44% | -10.34% | |
69 Neutral | C$173.31M | 9.40 | 9.09% | ― | 32.65% | -23.16% | |
67 Neutral | C$131.82M | 12.84 | 12.17% | 6.15% | 6.18% | -44.10% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | C$326.59M | 10.11 | 4.68% | 7.37% | -3.12% | -41.32% | |
52 Neutral | C$115.20M | 54.10 | -8.46% | 5.79% | 2.66% | -31.63% |
* Real Estate Sector Average
TSE:NET.UN
Canadian Net Real Estate Investment Trust Trust Units
6.50
1.53
30.81%
TSE:BTB.UN
BTB REIT
3.72
0.46
13.94%
TSE:FCD.UN
Firm Capital Property
6.90
1.39
25.27%
TSE:HMT
Halmont Properties
1.10
0.15
15.79%
TSE:TNT.UN
True NthCommercial
8.20
-0.06
-0.74%
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.