GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » Price-to-Funds-From-Operations

Nova Net Lease REIT (XCNQ:NNL.U) Price-to-Funds-From-Operations : 0.38 (As of May. 31, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Nova Net Lease REIT Price-to-Funds-From-Operations?

As of today (2024-05-31), Nova Net Lease REIT's share price is $0.09. Nova Net Lease REIT's FFO per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.24. Hence, Nova Net Lease REIT's Price-to-Funds-From-Operations Ratio for today is 0.38.


Nova Net Lease REIT Price-to-Funds-From-Operations Historical Data

The historical data trend for Nova Net Lease REIT's Price-to-Funds-From-Operations can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nova Net Lease REIT Price-to-Funds-From-Operations Chart

Nova Net Lease REIT Annual Data
Trend Dec21 Dec22 Dec23
Price-to-Funds-From-Operations
- 0.08 0.22

Nova Net Lease REIT Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Funds-From-Operations Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 - - 0.04 -

Competitive Comparison of Nova Net Lease REIT's Price-to-Funds-From-Operations

For the REIT - Specialty subindustry, Nova Net Lease REIT's Price-to-Funds-From-Operations, along with its competitors' market caps and Price-to-Funds-From-Operations data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nova Net Lease REIT's Price-to-Funds-From-Operations Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nova Net Lease REIT's Price-to-Funds-From-Operations distribution charts can be found below:

* The bar in red indicates where Nova Net Lease REIT's Price-to-Funds-From-Operations falls into.



Nova Net Lease REIT Price-to-Funds-From-Operations Calculation

Nova Net Lease REIT's Price-to-Funds-From-Operations ratio for today is calculated as

Price-to-Funds-From-Operations Ratio=Share Price/ FFO per Share (TTM)
=0.09/0.235
=0.38

Nova Net Lease REIT's Share Price of today is $0.09.
Nova Net Lease REIT's FFO per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.24.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nova Net Lease REIT  (XCNQ:NNL.U) Price-to-Funds-From-Operations Explanation

For common stocks, investors use PE ratio, Price to Earnings raio to compare the valuation of different companies. Price-to-Funds-From-Operations ratio is a comparable measure used in the REIT industry. It's a better way to assess whether a REIT is expensive or cheap relative to peers.


Nova Net Lease REIT Price-to-Funds-From-Operations Related Terms

Thank you for viewing the detailed overview of Nova Net Lease REIT's Price-to-Funds-From-Operations provided by GuruFocus.com. Please click on the following links to see related term pages.


Nova Net Lease REIT (XCNQ:NNL.U) Business Description

Industry
Traded in Other Exchanges
Address
200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2
Nova Net Lease REIT is a real estate investment trust established to acquire specialized industrial and retail properties leased to experienced, licensed operators in the legal U.S. cannabis industry. The REIT intends to acquire properties through sale-leaseback transactions and lease such properties on a triple net lease basis for a targeted 10 to a 15-year term and strives to negotiate annual rental rate increases in the leases.

Nova Net Lease REIT (XCNQ:NNL.U) Headlines

No Headlines