Inovalis Real Estate Investment Trust Announces the Financial Results for Q2 2026
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 as otherwise stated.
Stephane Amine, CEO and President of the REIT, commented “The completion of the Trio disposition, the signing of the conditional Delizy exchange contract and the continued advancement of the Arcueil transaction reflect meaningful progress in implementing our strategic plan. We remain focused on disciplined execution of our asset recycling, leasing and financing initiatives as we navigate a challenging market environment.”
Net Rental Income
For the portfolio that includes assets owned entirely by the REIT ("IP Portfolio"), Q2 2026 Net Rental Income (“NRI”) was $3,047 (€1,896) compared to $3,280 (€2,130) for Q2 2025. The decrease was primarily attributable to the sale of the Trio property in January 2026 as the property was 73% leased until December 2025. The positive impact of the Trio sale is mainly offset by high bad debt allowances for a total of $744 recognized in Q2 2025 on the Gaia property to account for the risk of insolvency of two tenants who were subsequently evicted.
