Nova Net Lease REIT (XCNQ:NNL.U) Price-to-Tangible-Book : 0.05 (As of May. 31, 2024)

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What is Nova Net Lease REIT Price-to-Tangible-Book?

As of today (2024-05-31), Nova Net Lease REIT's share price is $0.09. Nova Net Lease REIT's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.78. Hence, Nova Net Lease REIT's Price to Tangible Book Ratio of today is 0.05.

The historical rank and industry rank for Nova Net Lease REIT's Price-to-Tangible-Book or its related term are showing as below:

XCNQ:NNL.U' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.07
Current: 0.05

During the past 3 years, Nova Net Lease REIT's highest Price to Tangible Book Ratio was 0.07. The lowest was 0.03. And the median was 0.05.

XCNQ:NNL.U's Price-to-Tangible-Book is ranked better than
99.88% of 840 companies
in the REITs industry
Industry Median: 0.82 vs XCNQ:NNL.U: 0.05

A closely related ratio is called PB Ratio. As of today, Nova Net Lease REIT's share price is $0.09. Nova Net Lease REIT's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.78. Hence, Nova Net Lease REIT's P/B Ratio of today is 0.05.

Nova Net Lease REIT Price-to-Tangible-Book Historical Data

The historical data trend for Nova Net Lease REIT's Price-to-Tangible-Book 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-Tangible-Book Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

0.06

0.03

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					0.06	0.04	0.08	0.03	0.03

Competitive Comparison of Nova Net Lease REIT's Price-to-Tangible-Book

For the REIT - Specialty subindustry, Nova Net Lease REIT's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book Distribution in the REITs Industry

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

* The bar in red indicates where Nova Net Lease REIT's Price-to-Tangible-Book falls into.

Nova Net Lease REIT Price-to-Tangible-Book Calculation

Nova Net Lease REIT's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.09	/	1.775
	=	0.05

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Nova Net Lease REIT Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Nova Net Lease REIT's Price-to-Tangible-Book 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

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

Comparable Companies

Traded in Other Exchanges

NNLRF:USA

Address

200 Bay Street, North Tower, Suite 1200, Toronto, ON, CAN, M5J 2J2

Website

https://www.novanetleasereit.com

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

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