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Last C$1.00 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 1:05 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

nobel real estate investment (NEL-U) Snapshot

Open
C$0.67
Previous Close
C$1.00
Day High
C$1.00
Day Low
C$0.67
52 Week High
09/9/14 - C$1.25
52 Week Low
08/20/14 - C$0.25
Market Cap
37.3M
Average Volume 10 Days
1.5K
EPS TTM
--
Shares Outstanding
37.3M
EX-Date
04/28/15
P/E TM
--
Dividend
C$0.02
Dividend Yield
1.49%
Current Stock Chart for NOBEL REAL ESTATE INVESTMENT (NEL-U)

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nobel real estate investment (NEL-U) Details

Nobel Real Estate Investment Trust is an equity real estate investment trust. The trust is engaged in acquiring, owning and managing properties. It invests in the real estate markets of Canada. The trust primarily makes investments in commercial properties. Nobel Real Estate Investment Trust is based in Montreal, Canada.

nobel real estate investment (NEL-U) Top Compensated Officers

Chief Executive Officer, President, Administr...
Total Annual Compensation: C$75.0K
Chief Financial Officer
Total Annual Compensation: C$70.0K
Compensation as of Fiscal Year 2013.

nobel real estate investment (NEL-U) Key Developments

Nobel Real Estate Investment Trust Announces to Acquire 1901 Dickson / 5780 Ontario East in Montreal (Quebec)

Nobel Real Estate Investment Trust announced that it will acquire the 1901 Dickson /5780 Ontario East in Montreal (Quebec). The company announced that it will acquire, following the private placement announced on April 23, 2015 and that is currently in progress, an investment property located at 1901 rue Dickson/5780 rue Ontario Est in Montreal. This is a 91,068 square foot building strategically located on a 164,647 square feet land north of rue Notre-Dame Est and at the entrance of Souligny avenue that gives direct access to highways 25, 20 and 40. This is a sale-leaseback transaction with a company related the building's single tenant. The building houses the headquarters of Dubo Électrique Ltée, a showroom and its main distribution center. Dubo has been the leader and the consultant specialist for electrical, lighting, automation and control in Quebec for more than 50 years. The purchase price, excluding acquisition costs, is $7.8 million. The effective capitalization rate of the acquisition is 7.15%. Dubo will sign, upon acquisition of the property by the REIT, a 10-year lease with three renewal options of five years each. This transaction will be financed through a first mortgage consented by MCAP Financial Corporation in the amount of $5,460,000 at a rate that will be confirmed at time of closing. The team of Courtier R.C.S.I. Inc. acts as an intermediary in this transaction.

Nobel Real Estate Investment Trust Announces Cash Distribution Payable on May 15, 2015

Nobel Real Estate Investment Trust announced cash distribution of $0.001716 per trust unit of the REIT for the month of April 2015. The distribution will be payable on May 15, 2015 to unitholders of record as at April 30, 2015.

Nobel Real Estate Investment Trust to Acquire Property; Increases April 2015 Distribution Payable on May 15, 2015

Nobel Real Estate Investment Trust consolidates its commitment to its growth plan by announcing a new acquisition. The company will acquire, in the coming weeks, an investment property located at 1600 rue Montgolfier in Laval. The property is an office building comprising 26,934 square feet, strategically located on 108,833 square feet land, at the corner of Highway 13 and Boulevard Saint-Martin. It is a sale-leaseback transaction that will take place with a company related to the main tenant. The purchase price, excluding acquisition costs, is of $5.2 million. The effective capitalization rate of this acquisition is 6.96%. The fully occupied building houses the headquarters of Crescendo Systems Corporation, which occupies 21,031 square feet. Crescendo has signed a new 10-year term lease, effective upon the closing of the transaction. A subsidiary of Shimadzu Canada occupies the rest of the building. On December 30, 2013, the company announced a low leverage and sustainable distribution policy, according to which it would distribute 25% of the planned adjusted funds from operations (AFFO). Considering the recent 2014 acquisitions and its positive impacts on an annualized basis, the Board of Trustees decided to increase, starting April 2015, the distribution to an amount equivalent to 50% of the planned AFFO. The amount payable accordingly on May 15, 2015 will be announced in the coming days.

 

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Price/Sales 8.5x
Price/Book 1.4x
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