Overview

* Inovalis REIT Q3 net rental income slightly up due to exchange rate fluctuations

* Total Portfolio NRI increased, driven by new tenant in Duisburg property

* Adjusted FFO for Q3 was negative, impacted by capex and tenant improvements

Outlook

* Company expects new lease at Gaia property to start in Q2 2026

* Inovalis REIT to focus on asset monetization and debt reduction

* Sale of Arcueil property expected to close in H2 2026

Result Drivers

* EXCHANGE RATE IMPACT - Net rental income increased due to exchange rate fluctuations

* NEW TENANT - Increase in Total Portfolio NRI driven by new tenant in Duisburg property

* STRATEGIC VACANCIES - Occupancy rates affected by strategic vacancies in support of asset recycling plan

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$4.38

Rental mln

revenue

Q3 Net C$189,00

Income 0

Q3 -C$863,0

Adjusted 00

FFO

Q3 FFO C$603,00

0

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the commercial reits peer group is "hold"

* Wall Street's median 12-month price target for Inovalis Real Estate Investment Trust is C$0.85, about 10.6% above its November 11 closing price of C$0.76

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)