Canadian Net REIT (TSXV:NET.UN) Total Assets : C$308.35 Mil (As of Dec. 2023)

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What is Canadian Net REIT Total Assets?

Canadian Net REIT's Total Assets for the quarter that ended in Dec. 2023 was C$308.35 Mil.

Warning Sign:

If a company builds assets at 27.7% a year, faster than its revenue growth rate of 13.1% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Canadian Net REIT's average Total Assets Growth Rate was 1.50% per year. During the past 3 years, the average Total Assets Growth Rate was 14.40% per year. During the past 5 years, the average Total Assets Growth Rate was 27.70% per year. During the past 10 years, the average Total Assets Growth Rate was 35.40% per year.

During the past 13 years, Canadian Net REIT's highest 3-Year average Total Assets Growth Rate was 51.80%. The lowest was 14.40%. And the median was 41.10%.

Total Assets is connected with ROA %. Canadian Net REIT's annualized ROA % for the quarter that ended in Dec. 2023 was 5.65%. Total Assets is also linked to Revenue through Asset Turnover. Canadian Net REIT's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Canadian Net REIT Total Assets Historical Data

The historical data trend for Canadian Net 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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Canadian Net REIT Total Assets Chart

Canadian Net REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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129.12

209.71

278.17

303.06

308.35

Canadian Net REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															303.06	304.65	307.90	307.16	308.35

Canadian Net 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.

Canadian Net 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 )
	=	129.487	+	178.863
	=	308.35

Canadian Net REIT's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	129.487	+	178.863
	=	308.35

Canadian Net REIT (TSXV:NET.UN) Total Assets Explanation

Total Assets is connected with ROA %.

Canadian Net REIT's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	17.376	/	( (307.161	+	308.35)	/ 2 )
	=	17.376	/	307.7555
	=	5.65 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Canadian Net REIT's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	7.249	/	( (307.161	+	308.35)	/ 2 )
=	7.249	/	307.7555
=	0.02

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.

Canadian Net REIT Total Assets Related Terms

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Canadian Net REIT (TSXV:NET.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Net REIT (TSXV:NET.UN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CNNRF:USA

Address

106 Gun Avenue, A/S Jason Parravano, Pointe Claire, QC, CAN, H9R 3X3

Website

https://www.cnetreit.com

Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.

Canadian Net REIT (TSXV:NET.UN) Headlines

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