Nova Net Lease REIT (XCNQ:NNL.U) Scaled Net Operating Assets : 0.88 (As of Sep. 2024)

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What is Nova Net Lease REIT Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nova Net Lease REIT's operating assets for the quarter that ended in Sep. 2024 was $15.35 Mil. Nova Net Lease REIT's operating liabilities for the quarter that ended in Sep. 2024 was $1.47 Mil. Nova Net Lease REIT's Total Assets for the quarter that ended in Jun. 2024 was $15.81 Mil. Therefore, Nova Net Lease REIT's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.88.

Nova Net Lease REIT Scaled Net Operating Assets Historical Data

The historical data trend for Nova Net Lease REIT's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Scaled Net Operating Assets

-0.01

0.85

1.14

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Scaled Net Operating Assets	Get a 7-Day Free Trial								1.04	1.06	0.78	0.90	0.88

Competitive Comparison of Nova Net Lease REIT's Scaled Net Operating Assets

For the REIT - Specialty subindustry, Nova Net Lease REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nova Net Lease REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nova Net Lease REIT's Scaled Net Operating Assets falls into.

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Nova Net Lease REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nova Net Lease REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(15.713	-	1.206)	/	12.688
=	1.14

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15.995	-	0.282
=	15.713

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.126	-	1.92	-	0
=	1.206

Nova Net Lease REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(15.351	-	1.466)	/	15.807
=	0.88

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	15.427	-	0.076
=	15.351

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3.397	-	1.916	-	0.015
=	1.466

Nova Net Lease REIT Scaled Net Operating Assets Related Terms

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Nova Net Lease REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nova Net Lease REIT (XCNQ:NNL.U) » Definitions » Scaled Net Operating Assets

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.

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