InnVest Real Estate Investment Trust - Company Capsule

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					InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust -
Company Capsule
Reference Code: CN0978CC
Published Date: April 2011




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InnVest Real Estate Investment Trust - Company                                      Page 1
Capsule
InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Company Overview

  InnVest Real Estate Investment Trust (InnVest Real Estate) is one of the leading Canada based Hotel real estate
owner. The company owns 144 hotels with almost 19,000 rooms in urban and suburban locations. In addition, the
company owns a 50% interest in Choice Hotels Canada Inc., one of the largest franchisor of hotels in Canada. The
company operates hotel properties under 15 international brands with limited and full service including Quality Hotels,
Quality Suites, Comfort Inn, Holiday Inn, and Radisson Suites. The brands of the company also include Delta, Fairmont
Hotels, Sheraton Suites, Hilton Hotels, Hilton Garden Inn and Hilton Homewood Suites. Other brands are Travelodge,
Radisson Hotels, Staybridge Suites and Best Western. InnVest Real Estate categorizes its hotels by service, geography
and customers. The company's hotels are operated by four hotel management companies. The other business of the
company includes franchise, retail and retirement residence. InnVest Real Estate primarily operates in Canada. It is
headquartered in Mississauga, Ontario, Canada.


Financial Performance

The company reported revenue of CAD 606.45 million during the fiscal year ended December 2009. The company's
revenue grew at a CAGR of 10.58% during the period 2007-2009 with a year on year decline of 9.95% over fiscal year
2008. During the fiscal year 2009, its operating margin was -6.99% as against an operating margin of 2.38% in fiscal year
2008. During the fiscal year 2009, the company registered a net loss of 5.09% as against a net loss of 0.50% in the fiscal
year 2008.




InnVest Real Estate Investment Trust - Key Facts

InnVest Real Estate Investment Trust, Key Facts

                                  5090 Explorer Drive,

Corporate Address:                Mississauga, Ontario (ON), L4W Ticker Symbol, Stock          INN.UN (Toronto Stock
                                                                    Exchange                   Exchange)
                                  4T9, Canada


Telephone                          + 1 905 2067100                  No. of Employees           8,200



Fax                                + 1 905 2067114                  Financial Year End         December



URL                               www.innvestreit.com               Revenue (in CAD Million)   606.45



Industry                          Construction                      Revenue (in USD Million)   531.97



Locations                         Canada

Source: Annual Report, Company Website, Primary and Secondary Research




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InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Major Products and Services

InnVest Real Estate Investment Trust operates hotels in Canada. The company's key services include the following:

InnVest Real Estate Investment Trust, Major Products and Services
Services:

Lodging and boarding

Food and Beverage
Source: Annual Report, Company Website, Primary and Secondary Research




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InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Key Competitors

The following companies are the major competitors of InnVest Real Estate Investment Trust:

Leisure Canada Inc.

Apex Builder Group

Allied Hotel Properties Inc

The Cadillac Fairview Corporation Limited




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InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Key Employees


InnVest Real Estate Investment Trust, Key Employees


          Name                             Job Title                      Board Level     Since   Age


Fereed Mangalji            Director                                 Non Executive Board


Frank Anderson             Director                                 Non Executive Board


Kenneth Gibson             President, Chief Executive Officer       Senior Management


Majid Mangalji             Director                                 Non Executive Board


Michael P. Kitt            Director                                 Non Executive Board


Minhas N. Mohamed          Director                                 Non Executive Board


Morton Gross, Q.C.         Director                                 Non Executive Board


Tamara L. Lawson           Secretary, Chief Financial Officer       Senior Management

Source: Annual Report, Company Website, Primary and Secondary Research




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InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Locations and Subsidiaries

Head Office

InnVest Real Estate Investment Trust
5090 Explorer Drive
Mississauga
Ontario (ON)
Zip: L4W 4T9
Canada
Tel: + 1 905 2067100
Fax: + 1 905 2067114



Other Locations & Subsidiaries

InnVest Real Estate Investment Trust, Subsidiaries

InnVest Properties Corp.,
Canada


Source: Annual Report, Company Website, Primary and Secondary Research




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InnVest Real Estate Investment Trust

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InnVest Real Estate Investment Trust - Financial Ratios

Financial Ratios - Annual Ratios


InnVest Real Estate Investment Trust, Annual Ratios

                Key Ratios            Unit/Currency      2010   2009         2008         2007         2006
Equity Ratios
EPS (Earnings per Share)                   CAD                     -0.23        0.41         0.77         0.76
Dividend per Share                         CAD                     0.67         1.06         1.13         1.13
Dividend Cover                           Absolute                  -0.35        0.39         0.69         0.68
Book Value per Share                       CAD                     5.79             7.2      8.28         7.59
Profitability Ratios
Gross Margin                                %                     23.87        27.21        27.99        30.3
				
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