NET.UN dividend yield – Canadian Net REIT Declares Cash Dividend of 0.02875
March 12, 2023
Dividends Yield
Canadian ($TSXV:NET.UN) Net REIT has announced a cash dividend of 0.02875 for March 1 2023, making it an excellent choice for investors looking for dividend stocks. Over the past 3 years, the trust has issued an annual dividend per share of 0.33, 0.3 and 0.26 CAD, with dividend yields of 4.26%, 4.15% and 4.71% respectively from 2020 to 2022. This gives an average yield of 4.37% across the 3 year period.
For those interested in investing in Canadian Net REIT, they should be aware that the ex-dividend date is March 14 2023. After this date, investors will no longer be able to receive their dividend payments and should therefore act fast to ensure they are eligible to receive their dividends.
Share Price
On the same day, the stock opened at CA$6.4 and closed at CA$6.3, a decrease of 0.3% from its previous closing price of 6.3. This dividend payment is a reward to loyal shareholders who have seen the trust appreciate in value in recent years. It is expected that the dividend will provide a boost to investors’ portfolios and the trust’s overall profitability. By declaring this dividend, CANADIAN NET REAL ESTATE INVESTMENT TRUST is demonstrating its commitment to providing returns to its investors. 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 |
| 22.61 | 10.27 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NET.UN. More…
| Operations | Investing | Financing |
| 10.96 | -65.8 | 49.45 |
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 |
| 315.18 | 185.44 | 6.3 |
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 |
| – | – | 70.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NET.UN Intrinsic Value Calculation
At GoodWhale, we have completed an analysis of CANADIAN NET REAL ESTATE INVESTMENT TRUST’s wellbeing. After careful consideration, we have calculated the fair value of CANADIAN NET REAL ESTATE INVESTMENT TRUST’s share to be around CA$8.0, using our proprietary Valuation Line. Currently, CANADIAN NET REAL ESTATE INVESTMENT TRUST stock is being traded at CA$6.3, indicating that it is undervalued by 21.2%. More…
Peers
It competes with Melcor Real Estate Investment Trust, Balkan and Sea Properties Reit-Varna, and Emirates Properties REIT, among others, to secure attractive investments and best serve its investors. All of these companies strive to provide the highest quality services and products to their investors and customers.
– Melcor Real Estate Investment Trust ($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 is an attractive dividend stock for investors who are seeking a steady income. The trust has a consistent track record of paying out dividends over the past three years, with an average yield of 4.37%. Returns have been steadily increasing, and the dividend yield has been in the 4-5% range.
The trust has a strong balance sheet and a stable portfolio that provides stability in terms of income. This trust is an ideal choice for those looking to invest in the Canadian real estate market and get steady returns on their investment.
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