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NNLRF Stock Price, Chart, Stats & News

Nova Net Lease REIT
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3.13M
Market cap
Current P/E
Forward P/E

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About

Real Estate
Sector
REIT - Specialty
Industry

This Real Estate Investment Trust (REIT) focuses on purchasing specialized industrial and retail properties across the United States, which are then leased to highly experienced, top-tier, and creditworthy state-licensed operators for their regulated cannabis facilities (referred to as 'Licensed Facilities'). Its acquisition strategy primarily involves sale-leaseback transactions, through which it provides triple net leases for an intended duration of 10 to 15 years, actively seeking annual rental rate increases. The REIT's investment portfolio will exclusively comprise Licensed Facilities within the U.

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