Financial Results for the Fourth Quarter and the Year Ended December 31, 2020
Inovalis Real Estate Investment Trust Announces For the portfolio that incorporates just structures possessed totally by the REIT ("IP Portfolio"), net rental pay for the three months finished December 31, 2020 ("Q4 2020"), adapted to IFRIC 21 – Levies ("IFRIC 21"), was CAD$7,110,000 (EUR4,580,000), contrasted with CAD$5,517,000 (EUR3,780,000) changed net rental pay for the three months finished December 31, 2019 ("Q4 2019"). The increment is chiefly because of: the net effect of CAD$600,000 identified with the Arcueil securing and offer of the Vanves property; the 2-month Net Operating Income ("NOI") commitment of CAD$389,000 from the Bad Homburg resource following its procurement toward the finish of October 2020, the repayment of CAD$275,000 acquired from Jeuneurs' single occupant, just as the positive unfamiliar trade effect of CAD$302,000. In Q4 2020, for the portfolio that remembers the REIT's proportionate offer for j...
