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Inovalis Real Estate Investment Trust Announces the Financial Results for Q1 2026
TORONTO, May 12, 2026--Inovalis Real Estate Investment Trust (the "REIT") (TSX: INO.UN) today reported financial results for the quarter ended March 31, 2026. The unaudited Consolidated Financial Statements and Management’s Discussion and Analysis ("MD&A") for Q1 2026 and 2025 are available on the REIT’s website at www.inovalisreit.com and at www.sedarplus.ca. All amounts except rental rates, square footage and per unit amounts are presented in thousands of Canadian dollars or Euros, or as other
About this update from Inovalis Reit
[{"type":"text","content":"TORONTO, May 12, 2026--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the "REIT") (TSX: INO.UN) today reported financial results for the quarter ended March 31, 2026. The unaudited Consolidated Financial Statements and Management’s Discussion and Analysis ("MD&A") for Q1 2026 and 2025 are available on the REIT’s website at www.inovalisreit.com and at www.sedarplus.ca. All amounts except rental rates, square footage and per unit amounts are presented in thousands of Canadian dollars or Euros, or as otherwise stated.","length":553,"tagName":"p"},{"type":"text","content":"Stephane Amine, CEO and President of the REIT, commented "The past year has brought into focus, structural changes in the REIT sector that have been building for years. We have taken decisive steps to simplify the portfolio and improve liquidity in response. The focus now shifts to leasing execution and operational stability, underpinned by a disciplined approach to capital."","length":388,"tagName":"p"},{"type":"text","content":"Net Rental Income","length":17,"tagName":"p"},{"type":"text","content":"For the portfolio that includes assets owned entirely by the REIT ("IP Portfolio"), Q1 2026 Net Rental Income ("NRI") was $739 (€460), compared to $155 (€103) NRI for Q1 2025. The decrease was primarily attributable to the sale of the Trio property in January 2026, which largely offset the positive contributions from the Sabliere and Baldi properties that were included in the IP portfolio during Q1 2025 prior to their dispositions in April and December, 2025, respectively.","length":497,"tagName":"p"},{"type":"text","content":"In Q1 2026, Net Rental Income, adjusted for IFRIC 21 for the portfolio that includes the REIT's proportionate share in joint ventures ("Total Portfolio"), was $4,149 (€2,584), compared to $5,000 (€3,310) for Q1 2025, a decrease related to the same factors as for the IP Portfolio.","length":294,"tagName":"p"},{"type":"text","content":"Leasing Operations","length":18,"tagName":"p"},{"type":"text","content":"As of March 31, 2026, following the disposition of the Trio property (73% occupancy) at the end of January, the REIT’s IP Portfolio occupancy was 39.3%, compared to 57% for the REIT's Total Portfolio. Strategic vacancy has been maintained in the Arcueil and Delizy ...