Inovalis Real Estate Investment Trust Downgraded by Canaccord Genuity Group

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Inovalis Real Estate ($TSX:INO.UN) Investment Trust is a company that invests in office real estate. The company has a portfolio of properties in France and Germany. The group cited concerns about the company’s ability to grow its dividend.

Stock Price

The company’s portfolio includes approximately 10 properties located in Paris and the surrounding area, as well as one property each in Lyon and Toulouse. On Thursday, Inovalis REIT stock opened at CA$3.4 and closed at CA$3.6, rise by 7.4% from prior closing price of 3.4. The news of the day mostly are positive.

Despite the current situation, Inovalis REIT’s management is focused on executing its business plan and is confident in the long-term prospects for the company and its portfolio. Inovalis REIT remains committed to providing Unitholders with stable and growing distributions.

VI Analysis

It is classified as a ‘cow’, a type of company that is known for its stability and ability to weather tough times. This makes it an attractive investment for those looking for a safe and reliable income stream. The company’s fundamentals are strong, with a high health score of 7/10. This indicates that it is capable of sustaining future operations in times of crisis.

VI 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 is a Canada-based company, which owns, operates and invests in income-producing office properties in Germany. The company’s objectives are to pay monthly cash distributions to unitholders; maximize long-term unit value through selective acquisitions, dispositions, development, re-development and property and portfolio management; and expand its asset base and increase its adjusted funds from operations per unit .