Home / IVREF : OTC

AI Analysis Fundamentals Valuation Video Analysis News Similar

AI Analysis

How does IVREF make money? Does IVREF have pricing power? What's the Earnings Whisper? Will IVREF profit more as the business scales? What is IVREF's management track record? Is IVREF's current price justified?

Inovalis Real Estate Investment Trust

$0.6 -$0.13 (-17.65%)

OTC · 14 Sep 2026 20:00 UTC

Previous Close

$0.6

Day Range

$0.53$0.6

Year Range

$0.51$0.8

Market Cap

20.02M

AVG Volume

702

Trailing/Forward PE

-0.55/-

PEG ratio

0.01

Dividend Yield

6.11%

Next Earnings Date

2026-11-12

Primary Exchange

Other OTC

Revenue (CAD)

IVREF Revenue (CAD) by year
Period	Revenue (CAD)
2025	22.35M
2024	20.07M
2023	33.57M
2022	31.14M
2021	34.49M
2020	35.84M
2019	33.94M
2018	33.48M
2017	32.55M
2016	31.12M

Net Income (CAD)

IVREF Net Income (CAD) by year
Period	Net Income (CAD)
2025	-55.94M
2024	-69.13M
2023	-29.69M
2022	-36.85M
2021	30.33M
2020	18.2M
2019	36.45M
2018	22.15M
2017	19.17M
2016	23.29M

Operating Income (CAD)

IVREF Operating Income (CAD) by year
Period	Operating Income (CAD)
2025	3.32M
2024	1.01M
2023	2.85M
2022	10.02M
2021	5.02M
2020	7.45M
2019	44.89M
2018	25.68M
2017	21.98M
2016	31.25M

EBITDA (CAD)

IVREF EBITDA (CAD) by year
Period	EBITDA (CAD)
2025	-41.74M
2024	-30.66M
2023	4.67M
2022	21.59M
2021	39.88M
2020	38.37M
2019	45.9M
2018	39.38M
2017	31.57M
2016	29.23M

Cash Flows (CAD)

IVREF Cash Flows (CAD) by year
Period	Cash Flows (CAD)
2025	-4.82M
2024	913K
2023	3.97M
2022	21.43M
2021	-7.92M
2020	-2.67M
2019	23.67M
2018	20.58M
2017	59.38M
2016	17.61M

EPS (CAD)

IVREF EPS (CAD) by year
Period	EPS (CAD)
2025	-1.68
2024	-2.13
2023	-0.91
2022	-1.13
2021	0.94
2020	0.65
2019	1.31
2018	0.95
2017	0.87
2016	1.14

Expenses (CAD)

IVREF Expenses (CAD) by year
Period	Expenses (CAD)
2025	4.85M
2024	5.7M
2023	6.05M
2022	6.49M
2021	11.57M
2020	7.79M
2019	6.14M
2018	4.79M
2017	-26.54M
2016	5.15M

Cash & Debt (CAD)

IVREF Cash & Debt (CAD) by year
Period	Cash & Debt (CAD)
2025	25.41M
2024	6.25M
2023	12.49M
2022	45.18M
2021	76.63M
2020	80.38M
2019	83.41M
2018	19.11M
2017	21.61M
2016	38.98M

Debt ratios

IVREF Debt ratios by year
Period	Debt ratios
2025	-3.88
2024	5.9
2023	1.98
2022	1.36
2021	0.8
2020	1.34
2019	1.54
2018	1.86

Margins

IVREF Margins by year
Period	Margins
2025	41.24%
2024	48.51%
2023	69.17%
2022	69.46%
2021	70.13%
2020	74.42%
2019	67.73%
2018	70.26%
2017	73.71%
2016	71.92%

Return on Capital

IVREF Return on Capital by year
Period	Return on Capital
2025	-40.67%
2024	-37.96%
2023	-12%
2022	-12.79%
2021	8.76%
2020	4.83%
2019	10.94%
2018	7.58%
2017	7.23%
2016	9.66%

Shares Outstanding

IVREF Shares Outstanding by year
Period	Shares Outstanding
2025	24.25M
2024	32.59M
2023	32.58M
2022	32.78M
2021	32.51M
2020	30.77M
2019	28.74M
2018	23.34M
2017	21.78M
2016	19.19M

Dividends (CAD)

IVREF Dividends (CAD) by year
Period	Dividends (CAD)
2025	0.03
2023	0.28
2022	0.53
2021	0.91
2020	0.61
2019	0.62
2018	0.63
2017	0.64
2016	0.62
2015	0.64

Book Value Per Share (CAD)

IVREF Book Value Per Share (CAD) by year
Period	Book Value Per Share (CAD)
2025	5.67
2024	5.59
2023	7.59
2022	8.79
2021	10.65
2020	12.24
2019	11.59
2018	12.52
2017	12.18
2016	12.57

Total Assets (CAD)

IVREF Total Assets (CAD) by year
Period	Total Assets (CAD)
2025	363.08M
2024	412.22M
2023	484.06M
2022	561.11M
2021	587.25M
2020	712.09M
2019	710.21M
2018	619.34M
2017	576.71M
2016	510.12M

PE Ratio

IVREF PE Ratio by year
Period	PE Ratio
Dec 22	22.32
Dec 22	22.5
Dec 22	21.84
Dec 22	21.5
Nov 22	20.09
Nov 22	20.1
Nov 22	22.43
Nov 22	22.36
Oct 22	22.56
Oct 22	23.2
Oct 22	22.59
Oct 22	22.35
Sep 22	22.5
Sep 22	5.09
Sep 22	5.35
Sep 22	5
Sep 22	5.08
Aug 22	5.66
Aug 22	5.99
Aug 22	8.31
Aug 22	8.26
Jul 22	8.29
Jul 22	8.28
Jul 22	8.25
Jul 22	8.29
Jul 22	8.61
Jun 22	7.89
Jun 22	7.69
Jun 22	8.25
Jun 22	8.39
May 22	8.4
May 22	8.69
May 22	8.14
May 22	8.65
Apr 22	9.07
Apr 22	9.45
Apr 22	9.58
Apr 22	9.79
Apr 22	9.91
Mar 22	8.1
Mar 22	8.64
Mar 22	8.34
Mar 22	9.05
Feb 22	9.04
Feb 22	9.15
Feb 22	9.03
Feb 22	8.82
Jan 22	8.55
Jan 22	8.57
Jan 22	8.63
Jan 22	8.6
Dec 21	8.24
Dec 21	34.33
Dec 21	34.19
Dec 21	33.74
Dec 21	33.66
Nov 21	35.26
Nov 21	34.71
Nov 21	34.88
Nov 21	34.79
Oct 21	34.77
Oct 21	35.09
Oct 21	34.34
Oct 21	34.69
Oct 21	34.91
Jun 21	16.82
Jun 21	17.17
Jun 21	17.09
Jun 21	16.86
May 21	16.79
May 21	16.84
May 21	16.83
May 21	16.89
Apr 21	16.92
Apr 21	16.54
Apr 21	16.73
Apr 21	16.54
Apr 21	15.89
Mar 21	4.81
Mar 21	4.79
Mar 21	4.77
Mar 21	4.87
Feb 21	5.01
Feb 21	4.68
Feb 21	4.68
Feb 21	4.65
Jan 21	4.46
Jan 21	4.76
Jan 21	4.54
Jan 21	4.52
Dec 20	4.46
Dec 20	4.39
Dec 20	4.37
Dec 20	4.27
Dec 20	4.42
Nov 20	4.25
Nov 20	4.23
Nov 20	4.01
Nov 20	3.84
Oct 20	3.82

Free Cash Flow Yield

IVREF Free Cash Flow Yield by year
Period	Free Cash Flow Yield
Sep 26	-48.06%
Sep 26	-48.06%
Sep 26	-48.19%
Aug 26	-47.94%
Aug 26	-48.43%
Aug 26	-48.04%
Aug 26	-47.83%
Jul 26	-47.57%
Jul 26	-47.3%
Jul 26	-47.54%
Jul 26	-47.1%
Jul 26	-47%
Jun 26	-23.31%
Jun 26	-23.39%
Jun 26	-23.64%
Jun 26	-23.73%
May 26	-23.99%
May 26	-23.94%
May 26	-24.06%
May 26	-24.19%
May 26	-22.86%
Apr 26	-22.73%
Apr 26	-22.69%
Apr 26	-22.45%
Apr 26	-17.81%
Mar 26	-6.91%
Mar 26	-7%
Mar 26	-7%
Mar 26	-7.08%
Feb 26	-7.04%
Feb 26	-7.02%
Feb 26	-7.05%
Feb 26	-7.02%
Jan 26	-7.05%
Jan 26	-7.95%
Jan 26	-7.82%
Jan 26	-7.62%
Jan 26	-7.73%
Dec 25	-15.8%
Dec 25	-17.22%
Dec 25	-18.98%
Dec 25	-21.17%
Nov 25	-20.94%
Nov 25	-20.34%
Nov 25	-19.19%
Nov 25	-19.49%
Oct 25	-19.41%
Oct 25	-19.35%
Oct 25	-19.31%
Oct 25	-19.34%
Oct 25	-19.52%
Sep 25	7.34%
Sep 25	7.43%
Sep 25	7.96%
Sep 25	7.97%
Aug 25	7.55%
Aug 25	6.36%
Aug 25	6.37%
Aug 25	6.4%
Aug 25	6.42%
Jul 25	6.46%
Jul 25	6.54%
Jul 25	6.55%
Jul 25	6.53%
Jun 25	2.83%
Jun 25	2.82%
Jun 25	2.85%
Jun 25	3.08%
May 25	3.07%
May 25	3.07%
May 25	3.02%
May 25	3.03%
May 25	2.98%
Apr 25	3.33%
Apr 25	3.34%
Apr 25	3.04%
Apr 25	2.96%
Mar 25	-15.93%
Mar 25	-15.88%
Mar 25	-15.86%
Mar 25	-15.87%
Feb 25	-15.76%
Feb 25	-16.03%
Feb 25	-16.91%
Feb 25	-16.48%
Jan 25	-15.86%
Jan 25	-16.06%
Jan 25	-17.21%
Jan 25	-15.42%
Jan 25	-15.39%
Dec 24	6.71%
Dec 24	6.73%
Dec 24	7.85%
Dec 24	7.9%
Nov 24	7.98%
Nov 24	8%
Nov 24	6.65%
Nov 24	7.01%
Nov 24	5.56%
Oct 24	5.58%

Price to Sales

IVREF Price to Sales by year
Period	Price to Sales
Sep 26	0.97
Sep 26	0.97
Sep 26	0.97
Aug 26	0.98
Aug 26	0.97
Aug 26	0.97
Aug 26	0.98
Jul 26	0.98
Jul 26	0.99
Jul 26	0.98
Jul 26	0.99
Jul 26	1
Jun 26	0.93
Jun 26	0.92
Jun 26	0.91
Jun 26	0.91
May 26	0.9
May 26	0.9
May 26	0.9
May 26	0.89
May 26	0.94
Apr 26	0.95
Apr 26	0.95
Apr 26	0.96
Apr 26	1.21
Mar 26	1.16
Mar 26	1.15
Mar 26	1.15
Mar 26	1.13
Feb 26	1.14
Feb 26	1.14
Feb 26	1.14
Feb 26	1.14
Jan 26	1.14
Jan 26	1.01
Jan 26	1.03
Jan 26	1.05
Jan 26	1.04
Dec 25	1.46
Dec 25	1.34
Dec 25	1.21
Dec 25	1.09
Nov 25	1.1
Nov 25	1.13
Nov 25	1.2
Nov 25	1.18
Oct 25	1.19
Oct 25	1.19
Oct 25	1.19
Oct 25	1.19
Oct 25	1.18
Sep 25	1.36
Sep 25	1.34
Sep 25	1.25
Sep 25	1.25
Aug 25	1.32
Aug 25	1.56
Aug 25	1.56
Aug 25	1.56
Aug 25	1.55
Jul 25	1.54
Jul 25	1.52
Jul 25	1.52
Jul 25	1.52
Jun 25	1.61
Jun 25	1.61
Jun 25	1.59
Jun 25	1.48
May 25	1.48
May 25	1.48
May 25	1.51
May 25	1.5
May 25	1.53
Apr 25	1.37
Apr 25	1.36
Apr 25	1.5
Apr 25	1.54
Mar 25	1.5
Mar 25	1.51
Mar 25	1.51
Mar 25	1.51
Feb 25	1.52
Feb 25	1.49
Feb 25	1.41
Feb 25	1.45
Jan 25	1.51
Jan 25	1.49
Jan 25	1.39
Jan 25	1.55
Jan 25	1.55
Dec 24	1.38
Dec 24	1.38
Dec 24	1.18
Dec 24	1.18
Nov 24	1.16
Nov 24	1.16
Nov 24	1.39
Nov 24	1.32
Nov 24	1.67
Oct 24	1.66

EV/EBITDA

IVREF EV/EBITDA by year
Period	EV/EBITDA
Sep 24	117.64
Sep 24	118
Sep 24	118.02
Sep 24	118
Aug 24	119.11
Aug 24	119.14
Aug 24	122.59
Aug 24	120.73
Aug 24	122.04
Jul 24	117.62
Jul 24	117.49
Jul 24	116.71
Jul 24	115.27
Jun 24	49.97
Jun 24	49.98
Jun 24	51.55
Jun 24	51.57
May 24	51.49
May 24	51.48
May 24	51.46
May 24	51.49
May 24	51.81
Apr 24	51.8
Apr 24	51.84
Apr 24	53.33
Apr 24	53.22
Mar 24	19.51
Mar 24	19.66
Mar 24	19.64
Mar 24	19.72
Mar 24	19.73
Feb 24	19.65
Feb 24	19.67
Feb 24	19.75
Feb 24	20
Jan 24	20.17
Jan 24	20.27
Jan 24	20.48
Jan 24	20.68
Dec 23	20.61
Dec 23	10.19
Dec 23	10.22
Dec 23	10.18
Dec 23	9.66
Nov 23	9.64
Nov 23	9.72
Nov 23	11.16
Nov 23	11.41
Oct 23	11.08
Oct 23	11.55
Oct 23	11.7
Oct 23	11.77
Sep 23	12.23
Sep 23	13.96
Sep 23	14.06
Sep 23	14.16
Sep 23	14.32
Aug 23	14.35
Aug 23	14.45
Aug 23	14.79
Aug 23	14.73
Jul 23	14.67
Jul 23	14.66
Jul 23	14.4
Jul 23	14.37
Jun 23	14.1
Jun 23	14.01
Jun 23	14.02
Jun 23	14.37
Jun 23	14.41
May 23	14.48
May 23	14.13
May 23	14.15
May 23	13.78
Apr 23	14.37
Apr 23	14.43
Apr 23	14.64
Apr 23	14.6
Mar 23	14.34
Mar 23	26.44
Mar 23	27.31
Mar 23	27.55
Mar 23	28.77
Feb 23	28.78
Feb 23	29.39
Feb 23	28.94
Feb 23	29.4
Jan 23	29.42
Jan 23	28.97
Jan 23	28.61
Jan 23	27.55
Dec 22	27.21
Dec 22	11.48
Dec 22	11.52
Dec 22	11.39
Dec 22	11.32
Nov 22	11.05
Nov 22	11.05
Nov 22	11.51
Nov 22	11.49

Price/Operating Cashflow

IVREF Price/Operating Cashflow by year
Period	Price/Operating Cashflow
Sep 25	13.62
Sep 25	13.46
Sep 25	12.57
Sep 25	12.55
Aug 25	13.24
Aug 25	15.71
Aug 25	15.7
Aug 25	15.64
Aug 25	15.58
Jul 25	15.48
Jul 25	15.3
Jul 25	15.26
Jul 25	15.33
Jun 25	35.28
Jun 25	35.42
Jun 25	35.03
Jun 25	32.45
May 25	32.56
May 25	32.54
May 25	33.11
May 25	33.03
May 25	33.53
Apr 25	30.01
Apr 25	29.97
Apr 25	32.91
Apr 25	33.77
Dec 24	14.91
Dec 24	14.86
Dec 24	12.73
Dec 24	12.66
Nov 24	12.53
Nov 24	12.5
Nov 24	15.03
Nov 24	14.27
Nov 24	17.98
Oct 24	17.91
Oct 24	17.79
Oct 24	17.74
Oct 24	18.27
Sep 24	5.6
Sep 24	5.71
Sep 24	5.72
Sep 24	5.71
Aug 24	6.07
Aug 24	6.08
Aug 24	7.18
Aug 24	6.59
Aug 24	7.01
Jul 24	5.59
Jul 24	5.55
Jul 24	5.3
Jul 24	4.84
Jun 24	6.67
Jun 24	6.67
Jun 24	8.52
Jun 24	8.54
May 24	8.45
May 24	8.44
May 24	8.41
May 24	8.45
May 24	8.82
Apr 24	8.81
Apr 24	8.86
Apr 24	10.62
Apr 24	10.48
Mar 24	2.21
Mar 24	2.31
Mar 24	2.3
Mar 24	2.35
Mar 24	2.36
Feb 24	2.31
Feb 24	2.32
Feb 24	2.37
Feb 24	2.54
Jan 24	2.66
Jan 24	2.73
Jan 24	2.87
Jan 24	3
Dec 23	2.95
Dec 23	2.58
Dec 23	2.63
Dec 23	2.58
Dec 23	1.93
Nov 23	1.91
Nov 23	2
Nov 23	3.79
Nov 23	4.11
Oct 23	3.7
Oct 23	4.29
Oct 23	4.47
Oct 23	4.56
Sep 23	5.13
Sep 23	5.5
Sep 23	5.62
Sep 23	5.74
Sep 23	5.93
Aug 23	5.96
Aug 23	6.09
Aug 23	6.49
Aug 23	6.41

Price to Book

IVREF Price to Book by year
Period	Price to Book
Sep 26	0.13
Sep 26	0.13
Sep 26	0.13
Aug 26	0.13
Aug 26	0.13
Aug 26	0.13
Aug 26	0.13
Jul 26	0.13
Jul 26	0.13
Jul 26	0.13
Jul 26	0.13
Jul 26	0.13
Jun 26	0.15
Jun 26	0.15
Jun 26	0.15
Jun 26	0.15
May 26	0.15
May 26	0.15
May 26	0.15
May 26	0.14
May 26	0.15
Apr 26	0.15
Apr 26	0.15
Apr 26	0.16
Apr 26	0.2
Mar 26	0.14
Mar 26	0.14
Mar 26	0.14
Mar 26	0.14
Feb 26	0.14
Feb 26	0.14
Feb 26	0.14
Feb 26	0.14
Jan 26	0.14
Jan 26	0.12
Jan 26	0.12
Jan 26	0.13
Jan 26	0.12
Dec 25	0.18
Dec 25	0.16
Dec 25	0.15
Dec 25	0.13
Nov 25	0.13
Nov 25	0.14
Nov 25	0.15
Nov 25	0.14
Oct 25	0.14
Oct 25	0.14
Oct 25	0.14
Oct 25	0.14
Oct 25	0.14
Sep 25	0.14
Sep 25	0.14
Sep 25	0.13
Sep 25	0.13
Aug 25	0.13
Aug 25	0.16
Aug 25	0.16
Aug 25	0.16
Aug 25	0.16
Jul 25	0.16
Jul 25	0.16
Jul 25	0.15
Jul 25	0.16
Jun 25	0.18
Jun 25	0.18
Jun 25	0.18
Jun 25	0.16
May 25	0.16
May 25	0.16
May 25	0.17
May 25	0.17
May 25	0.17
Apr 25	0.15
Apr 25	0.15
Apr 25	0.17
Apr 25	0.17
Mar 25	0.15
Mar 25	0.15
Mar 25	0.15
Mar 25	0.15
Feb 25	0.15
Feb 25	0.15
Feb 25	0.14
Feb 25	0.14
Jan 25	0.15
Jan 25	0.15
Jan 25	0.14
Jan 25	0.15
Jan 25	0.15
Dec 24	0.14
Dec 24	0.14
Dec 24	0.12
Dec 24	0.12
Nov 24	0.12
Nov 24	0.12
Nov 24	0.14
Nov 24	0.13
Nov 24	0.17
Oct 24	0.17

No video analysis for this stock yet. Request one from our team.

News: IVREF

defenseworld.net · 14 Aug 2026

Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) & Empire State Realty Trust (NYSE:ESRT) Financial Analysis

Empire State Realty Trust (NYSE: ESRT - Get Free Report) and Inovalis Real Estate Investment Trust (OTCMKTS:IVREF - Get Free Report) are both real estate companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, profitability, valuation, analyst recommendations, dividends, earnings and risk. Analyst Recommendations

defenseworld.net · 12 Aug 2026

Reviewing Orion Office REIT (NYSE:ONL) and Inovalis Real Estate Investment Trust (OTCMKTS:IVREF)

Inovalis Real Estate Investment Trust (OTCMKTS:IVREF - Get Free Report) and Orion Office REIT (NYSE: ONL - Get Free Report) are both real estate companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, analyst recommendations, profitability, earnings and valuation. Earnings and Valuation

businesswire.com · 6 Aug 2026

Inovalis Real Estate Investment Trust Announces the Financial Results for Q2 2026

TORONTO--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today reported financial results for the quarter ended June 30, 2026. The unaudited Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") for Q2 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 a.