INO.UN Stock Fair Value – Inovalis Real Estate Investment Trust Approved for Normal Course Issuer Bid by Toronto Stock Exchange
May 25, 2023
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Inovalis Real Estate ($TSX:INO.UN) Investment Trust is a Canadian publicly-traded real estate investment trust (REIT). It holds and makes investments in office and retail properties located in France and Germany. The Trust focuses on maximizing long-term value through accretive acquisitions, active asset management, and strategic dispositions. The bid will allow the Trust to purchase up to 5% of its outstanding units for cancellation.
The bid also demonstrates the Trust’s commitment to prudently managing its capital structure and liquidity. Any repurchased units will be cancelled, reducing the number of outstanding units and thereby increasing the proportionate interest of all remaining unitholders in the Trust.
Market Price
At the close of the day, the stock price was up 1.4% from the previous closing price of CA$3.5, opening and closing at the same price. This is an indication of the positive sentiment in the market towards this trust, which is well-positioned to benefit from Canada’s strong real estate market. The Normal Course Issuer Bid will help strengthen the trust’s return to its shareholders by using its own funds to buy back some of its own stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for INO.UN. More…
| Total Revenues | Net Income | Net Margin |
| 33.48 | -37.33 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for INO.UN. More…
| Operations | Investing | Financing |
| 18.54 | 40.22 | -37.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for INO.UN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 560.03 | 270.52 | 8.79 |
Key Ratios Snapshot
Some of the financial key ratios for INO.UN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 49.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – INO.UN Stock Fair Value
GoodWhale has analyzed INOVALIS REAL ESTATE INVESTMENT TRUST’s financials and determined that the intrinsic value of its share is around CA$4.6. This figure was calculated using our proprietary Valuation Line, which combines several factors like revenue and earnings growth, cost of debt and equity, and return on capital to arrive at an estimate of the business’s true worth. This could be a great opportunity for investors looking to buy stock in this company at a lower than fair price. Investing with GoodWhale can help investors make informed decisions about their investments and ensure they are getting a good deal. More…
Peers
The company owns and operates office buildings in Canada and France. Inovalis Real Estate Investment Trust’s competitors include Cousins Properties Inc, Corporate Office Properties Trust, Allied Properties Real Estate Investment Trust, and others.
– Cousins Properties Inc ($NYSE:CUZ)
Cousins Properties Inc is a publicly traded real estate investment trust. The company is engaged in the development, acquisition, management and ownership of office, retail and mixed-use properties. As of December 31, 2020, the company owned and operated 54 properties totaling 16.4 million square feet.
– Corporate Office Properties Trust ($NYSE:OFC)
Corporate Office Properties Trust is a publicly traded real estate investment trust that specializes in the ownership, operation, and development of office properties. The company’s portfolio consists of more than 200 office properties, totaling over 26 million square feet of space. Corporate Office Properties Trust is headquartered in Maryland.
– Allied Properties Real Estate Investment Trust ($TSX:AP.UN)
Allied Properties Real Estate Investment Trust is a Canada-based real estate investment trust, which owns, manages and develops urban properties, primarily in the Greater Toronto Area, Montreal, Calgary and Vancouver. The company has a market cap of 3.33B as of 2022.
Summary
Inovalis Real Estate Investment Trust recently announced their approval of a Normal Course Issuer Bid from the Toronto Stock Exchange. This decision provides investors with an opportunity to analyze the trust’s performance in terms of its dividend yield, profitability, and liquidity. Furthermore, investors may also consider how the trust’s assets can be used to generate rental income and enhance capital appreciation. With this information on hand, investors can make an informed decision on whether or not to invest in Inovalis Real Estate Investment Trust.
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