NNLRF (Nova Net Lease REIT) Pretax Margin % : -125.70% (As of Sep. 2024)

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What is Nova Net Lease REIT Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nova Net Lease REIT's Pre-Tax Income for the three months ended in Sep. 2024 was $-0.49 Mil. Nova Net Lease REIT's Revenue for the three months ended in Sep. 2024 was $0.39 Mil. Therefore, Nova Net Lease REIT's pretax margin for the quarter that ended in Sep. 2024 was -125.70%.

The historical rank and industry rank for Nova Net Lease REIT's Pretax Margin % or its related term are showing as below:

NNLRF' s Pretax Margin % Range Over the Past 10 Years
Min: -57.74 Med: 301.61 Max: 497.68
Current: -57.74

NNLRF's Pretax Margin % is ranked worse than
92.2% of 923 companies
in the REITs industry
Industry Median: 41.33 vs NNLRF: -57.74

Nova Net Lease REIT Pretax Margin % Historical Data

The historical data trend for Nova Net Lease REIT's Pretax Margin % 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 Pretax Margin % Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Pretax Margin %

497.68

105.53

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Pretax Margin %	Get a 7-Day Free Trial								616.20	-4.87	-561.58	461.58	-125.70

Competitive Comparison of Nova Net Lease REIT's Pretax Margin %

For the REIT - Specialty subindustry, Nova Net Lease REIT's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nova Net Lease REIT's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Nova Net Lease REIT's Pretax Margin % falls into.

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Nova Net Lease REIT Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Nova Net Lease REIT's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	1.642	/	1.556
	=	105.53 %

Nova Net Lease REIT's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	-0.494	/	0.393
	=	-125.70 %

Nova Net Lease REIT (OTCPK:NNLRF) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Nova Net Lease REIT Pretax Margin % Related Terms

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Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (OTCPK:NNLRF) » Definitions » Pretax Margin %

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.