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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 open-ended real estate investment trust (REIT). The Company is formed for the purpose of acquiring and owning office properties primarily situated in France, Germany, and Spain. The REIT properties are strategically situated in urban areas, generally in close proximity to public transportation. Its France properties include Gaia, Arcueil, Delizy, Metropolitan, Sabliere, and Baldi. Its Germany properties include Trio, Kosching, Neu Isenburg, Stuttgart, Bad Homburg, and Duisburg. Its Spain property is Delgado. The INOVALIS S.A. acts as the manager of the REIT.


TSX:INO.UN - Post by User

Comment by stockrook86on Nov 02, 2023 9:48am
126 Views
Post# 35713217

RE:Distributions are safe for the foreseeable future.

RE:Distributions are safe for the foreseeable future.I agree, I think they are safe - the one wrinkel is the massive loss of rent from Arcuiel. Starting this quater the FFO payout will be well north of 100% on a quarterly basis. 

They should be able to let it run assuming the sale happens in mid 2024 as mentioned in the last MD&A. 

Everything hinges on what they can do with Arcuiel - at least since it is 100% single tenant, it does in some ways make the redevelopment sale easier. 
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