Inovalis Real Estate Investment Trust (TSE:INO.UN) Posts Earnings Results

Inovalis Real Estate Investment Trust (TSE:INO.UN) posted its earnings results on Tuesday. The company reported C$0.38 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$3.68 million for the quarter.

Inovalis Real Estate Investment Trust Stock Down 2.5%

Inovalis Real Estate Investment Trust stock traded down C$0.02 during trading hours on Wednesday, hitting C$0.79. 9,850 shares of the stock traded hands, compared to its average volume of 33,292. The firm’s 50-day moving average price is C$0.88 and its two-hundred day moving average price is C$0.92. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22. The company has a market cap of C$26.31 million, a PE ratio of -0.47 and a beta of 0.26. Inovalis Real Estate Investment Trust has a one year low of C$0.67 and a one year high of C$1.25.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany. The majority of its revenue is generated from rental income in France.