NNLRF (Nova Net Lease REIT) Construction In Progress : $0.00 Mil (As of Sep. 2024)

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What is Nova Net Lease REIT Construction In Progress?

Nova Net Lease REIT Construction In Progress Historical Data

The historical data trend for Nova Net Lease REIT's Construction In Progress 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 Construction In Progress Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Construction In Progress

Nova Net Lease REIT Quarterly Data
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Nova Net Lease REIT Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » Construction In Progress

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Traded in Other Exchanges

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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.