NET.UN dividend yield – Canadian Net REIT Declares 0.02875 Cash Dividend
June 2, 2023
🌥️Dividends Yield
On May 26 2023, Canadian ($TSXV:NET.UN) Net REIT declared a 0.02875 cash dividend per share. This makes it a potential investment option for those looking for dividend stocks, with the ex-dividend date being May 12 2023. Canadian Net REIT has had a consistent dividend payout of 0.34 CAD per share for the last three years, resulting in an average dividend yield of 4.49%. This could be an attractive return on investment for investors looking for long-term dividend income. Investing in Canadian Net REIT could be a sensible decision for investors looking for a steady stream of income. With its reliable track record of issuing dividends, investors can rest assured that they are likely to receive consistent dividend payments on their investment.
Additionally, the company’s underlying real estate assets provide a strong level of security to those investments.
Market Price
On Friday, Canadian Net Real Estate Investment Trust (CANADIAN NET REIT) declared a 0.02875 cash dividend. The dividend comes as a result of the trust’s strong performance in the past year, and serves to reward investors for their support. The announcement saw CANADIAN NET REIT experience a drop of 8.3% in its stock value from the previous day’s closing price of CA$5.0, with the stock opening at CA$4.6 on Friday. Despite the decrease, investors remain hopeful that the dividend payout will bring some revenue to CANADIAN NET REIT shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NET.UN. More…
| Total Revenues | Net Income | Net Margin |
| 25.71 | -3.14 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NET.UN. More…
| Operations | Investing | Financing |
| 11.73 | -26.31 | 14.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NET.UN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 304.65 | 182.77 | 5.91 |
Key Ratios Snapshot
Some of the financial key ratios for NET.UN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 68.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we specialize in analyzing financials of companies and determining their risk rating. We recently analyzed CANADIAN NET REAL ESTATE INVESTMENT TRUST and based on our analysis and ratings, we determined it to be a medium risk investment in terms of financial and business aspects. We also detected 2 risk warnings in their balance sheet and cashflow statement. If you want to know more about these risk warnings or about our analysis of CANADIAN NET REAL ESTATE INVESTMENT TRUST in general, register on goodwhale.com and you can view our detailed report. More…
Peers
It competes with Melcor Real Estate Investment Trust, Balkan and Sea Properties Reit-Varna, and Emirates Properties REIT, among others, to secure attractive investments and best serve its investors. All of these companies strive to provide the highest quality services and products to their investors and customers.
– Melcor Real Estate Investment Trust ($TSX:MR.UN)
Melcor Real Estate Investment Trust is a Canadian real estate investment trust that owns and operates a portfolio of income-producing properties in Canada. The company has a market cap of 75.45 million as of 2023, making it one of the largest publicly traded REITs on the Toronto Stock Exchange. The company’s assets are primarily focused on office and retail properties, with a strong presence in the Alberta and Saskatchewan markets. Melcor REIT’s portfolio includes over 40 properties across Canada, offering a diversified mix of commercial, residential and industrial assets. The REIT is committed to providing stable, growing distributions to unitholders and pursuing opportunities for long-term growth.
– Balkan and Sea Properties Reit-Varna ($LTS:0HZU)
Balkan and Sea Properties Reit-Varna is a real estate investment trust that operates in Bulgaria and has a market cap of 152.35M as of 2023. The company owns and manages a portfolio of residential and commercial properties located in the Balkan region. The company’s portfolio includes office buildings, shopping centers, industrial warehouses, hotels, and residential apartments. The company’s activities also include the development and operation of resorts, marinas, and other recreational facilities. Balkan and Sea Properties Reit-Varna is focused on creating value for its shareholders through generating income from its existing properties and through the acquisition of new properties.
Summary
CANADIAN NET REAL ESTATE INVESTMENT TRUST has been a reliable investment option for investors seeking a consistent dividend yield. Over the past three years, CNRET has issued a dividend per share of 0.34 CAD, equating to an average dividend yield of 4.49%. This is a particularly attractive return when compared to other investment opportunities, and is indicative of the trust’s ability to generate solid returns for its shareholders. Moreover, CNRET’s combination of stable dividend payments and diversified portfolio of real estate investments provide investors with a low-risk opportunity for generating income and capital growth over the long term.
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