(CNW) Toronto – Nova Net Lease REIT, a real estate investment trust with investments in cannabis-related properties in the U.S., today announced its financial results for the three months ended June 30, 2024. The REITs financial results are available on SEDAR. Results are presented in U.S. dollars.
Results for the second quarter of 2024:
|
Three Months ended June 30, 2024 |
|
|
Total Revenues |
$ 392,665 |
|
General and Administrative Expenses |
387,439 |
|
Finance Costs |
50,043 |
|
Interest Income |
(22,637) |
|
Share of earnings from Joint Venture |
(37,652) |
|
Fair Value Change – Derivative |
(6,361) |
|
Fair Value Change – Class B Units |
(1,680,000) |
|
Fair Value Change – Investment Properties |
(111,807) |
|
Total Expenses and Other Income |
(1,420,975) |
|
Net Income and Comprehensive Income |
$ 1,813,640 |
