Canadian Net REIT owns and rents commercial properties in Canada. The company looks to acquire properties in secondary markets, leasing on a triple net basis to national retailers. The company targets four tenant groups: necessity-based retailers, national service stations and convenience stores, quick-service restaurants, and others.
Canadian Net currently has 100% occupancy across its 97 properties in eastern Canada, of which 32 are joint venture properties. The REIT has 1.52 million sq/ft of gross leasable area, 1.45 million when accounting for the joint ventures.