NNLRF (Nova Net Lease REIT) Buildings And Improvements : $0.00 Mil (As of Sep. 2024)

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What is Nova Net Lease REIT Buildings And Improvements?

Nova Net Lease REIT Buildings And Improvements Historical Data

The historical data trend for Nova Net Lease REIT's Buildings And Improvements 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.

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Nova Net Lease REIT Buildings And Improvements Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

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Buildings And Improvements

Nova Net Lease REIT Quarterly Data
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Buildings And Improvements	Get a 7-Day Free Trial								-	-	-	-	-

Nova Net Lease REIT Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

N/A

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.