NNLRF (Nova Net Lease REIT) Total Assets : $15.43 Mil (As of Sep. 2024)

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What is Nova Net Lease REIT Total Assets?

Nova Net Lease REIT's Total Assets for the quarter that ended in Sep. 2024 was $15.43 Mil.

During the past 12 months, Nova Net Lease REIT's average Total Assets Growth Rate was 16.50% per year.

Total Assets is connected with ROA %. Nova Net Lease REIT's annualized ROA % for the quarter that ended in Sep. 2024 was -12.65%. Total Assets is also linked to Revenue through Asset Turnover. Nova Net Lease REIT's Asset Turnover for the quarter that ended in Sep. 2024 was 0.03.

Nova Net Lease REIT Total Assets Historical Data

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

Nova Net Lease REIT Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

11.77

12.69

16.00

Nova Net Lease REIT Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial								13.69	16.00	15.89	15.81	15.43

Nova Net Lease REIT Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	12.869	+	3.126
	=	16.00

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

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	12.029	+	3.397
	=	15.43

Nova Net Lease REIT (OTCPK:NNLRF) Total Assets Explanation

Total Assets is connected with ROA %.

Nova Net Lease REIT's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-1.976	/	( (15.807	+	15.427)	/ 2 )
	=	-1.976	/	15.617
	=	-12.65 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nova Net Lease REIT's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0.393	/	( (15.807	+	15.427)	/ 2 )
=	0.393	/	15.617
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Nova Net Lease REIT Total 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 (OTCPK:NNLRF) » Definitions » Total 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.