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Inovalis Real Estate Investment Trust T.INO.UN

Alternate Symbol(s):  IVREF

Inovalis Real Estate Investment Trust is a Canada-based real estate investment trust. The Company is formed for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain. It holds approximately 13 assets. Its France properties include Sabliere, Baldi, Delizy, Gaia, Metropolitain and Arcueil. Its Germany properties include Trio, Kosching, Neu Isenburg, Stuttgart, Bad Homburg and Duisburg. Its Spain property is Delgado. It acquires (indirectly) real estate properties via CanCorPEurope, authorized Alternative Investment Fund (AIF) and managed by INOVALIS S.A.


TSX:INO.UN - Post by User

Post by BlueJay2020on Apr 03, 2024 8:55am
79 Views
Post# 35967191

Lone analyst cuts target to a buck

Lone analyst cuts target to a buck

Desjardins Securities’ Alexander Leon, currently the lone analyst covering Inovalis Real Estate Investment Trust (

INO-UN-T unchno change
 
), reduced his target to $1 from $1.25 with a “hold” rating.

 

“INO reported 4Q23 operating results after market close on March 28 which were below our expectations,” he said. “Total portfolio occupancy continues to trend lower, and progress on the asset recycling program was limited; however, management is beginning to execute on the simplification of the corporate structure. Our revised forecast continues to reflect conservative assumptions and excludes any asset sales or capital redeployment—execution provides upside.”

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