NET.UN stock dividend – Canadian Net REIT Declares 0.02875 Cash Dividend
April 7, 2023
Dividends Yield
On April 2 2023, Canadian Net REIT declared a 0.02875 cash dividend, furthering its commitment to returning value to shareholders. For the past three years, CANADIAN NET REAL ESTATE INVESTMENT TRUST ($TSXV:NET.UN) has distributed an annual dividend per share of 0.34 CAD with a dividend yield of 4.49%. This dividend is a great way for investors to increase their wealth over time and gain exposure to the real estate market. If you are looking for dividend stocks, it would be wise to consider adding CANADIAN NET REAL ESTATE INVESTMENT TRUST to your list with an ex-dividend date of April 13, 2023. The dividend yield is attractive and provides a great opportunity to build wealth in a safe and reliable manner.
Additionally, CANADIAN NET REAL ESTATE INVESTMENT TRUST has a strong track record of delivering returns to its shareholders, making it an attractive investment for those seeking income-producing assets.
Market Price
This dividend is designed to support the continued growth of Canadian Net REIT’s portfolio of properties and investments. The stock opened at CA$5.4 and closed at CA$5.4, up by 1.1% from prior closing price of 5.3. This dividend is intended to provide shareholders with a steady return on their investments in Canadian Net REIT. 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 |
| 24.73 | -6.49 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NET.UN. More…
| Operations | Investing | Financing |
| 11.33 | -41.56 | 29.83 |
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 |
| 303.06 | 184.37 | 5.76 |
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 |
| – | – | 68.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we recently conducted an analysis of CANADIAN NET REAL ESTATE INVESTMENT TRUST’s wellbeing. According to our Star Chart, CANADIAN NET REAL ESTATE INVESTMENT TRUST has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. We further classified CANADIAN NET REAL ESTATE INVESTMENT TRUST as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. Given this level of financial stability, CANADIAN NET REAL ESTATE INVESTMENT TRUST makes an attractive investment for both value and income investors seeking to benefit from long-term growth and profitability. The company is strong in asset, dividend, growth, and profitability, making it an ideal investment for those seeking to benefit from its reliable cashflows. 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 a great option for investors looking for a steady dividend return. The company has consistently paid out a dividend per share of 0.34 CAD over the past three years, resulting in a 4.49% yield. This steady dividend payment is attractive to long-term investors looking for reliable income, as well as those seeking potential capital gains over time. At the same time, the REIT’s cost of capital is relatively low, making it an attractive investment opportunity for those looking to diversify their portfolios.
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