Canadian Net Real Estate Investment Trust (NET-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$136M
Fair value as of: Jun 26, 2026
From 22 valuation models · updated 25 days ago
Fair value updated Jun 26, 2026, revised from C$10.93 to C$6.51 (−40.4%) since Jun 24, 2026. Share price +0.8% over the past month.
Price vs Fair Value (12 months)
12‑month range C$5.16 – C$6.88 · fair‑value band C$6.51 – C$12.46 · the C$6.68 price screens above the C$6.51 fair value. As of Jun 26, 2026.
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Canadian Net Real Estate Investment Trust (NET-UN) currently trades at C$6.68, while our model-based Fair Value estimate is C$6.51, implying the stock looks roughly 2.5% fairly valued today. We read business quality at 67/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Canadian Net Real Estate Investment Trust generated revenue of C$31.3M at a net margin of 28.6%. Revenue grew 3.0% year over year. It earns a return on equity of 6.5%. Net debt stands at C$173M. Fundamentals as of Jun 26, 2026
Our scenario range runs from C$6.51 (bear case) to C$12.46 (bull case); at C$6.68, the current price sits within that range. The share trades about 1% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 3% fair-value upside, at -3%, NET-UN screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Canadian Net Real Estate Investment Trust is an active Trust operating in the Canadian commercial real estate market. The Trust currently trades on the TSX Venture using the ticker symbol NET.UN. The Trust owns and rents commercial real estate properties directly, through its wholly owned subsidiaries and joint ventures. Prior to June 17, 2021, the Trust operated under the name of Fronsac Real Estate Investment Trust. As at September 30, 2025, the Trust held 97 investment properties, 80 residing in the province of Quebec, 8 in the province of Ontario, 8 in the province of Nova Scotia and 1 in the province of New Brunswick. The properties are occupied by 4 distinct groups of tenants composed of: (1) necessity-based retailers, (2) national service station and convenience store chains, (3) quick-service restaurant chains, and (4) others. The quality of the properties in the portfolio allows Canadian Net to maintain a best-in-class occupancy level. As at September 30, 2025, the Trust's …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Canadian Net Real Estate Investment Trust reported revenue of C$28.0M in FY2025 versus C$19.0M in FY2021, a compound +10.2%/yr. Reported net income was C$16.7M in FY2025, compounding −9.7%/yr from FY2021.
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Recent news
- CIBC Reiterates Canadian Net Real Estate Investment Trust's Neutral Rating, Maintains its C$7.00 Price Target
- Canadian Net REIT Announces the Issuance of Units for Services Rendered and Grant of Performance Units in Relation with Its Unit Compensatio
- Canadian Net Announces the Closing of Its Private Placement of Convertible Debentures
- Canadian Net REIT Announces 2025 Third-Quarter Results
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.