PINE_u – Pine Trail Real Estate Investment Trust

Not Compliant

Pine Trail Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

Pine Trail Real Estate Investment Trust (the Trust) is a Canada-based trust, which intends to identify and selectively acquire complementary commercial properties to build a portfolio, which provides stability, reliable distribution, and capital appreciation. The Trust owns and rents a medical office real estate property through its wholly owned subsidiaries. The Trust owns property in the province of Ontario, the Picton Property. The Picton Property is fully occupied by medical practitioners and a pharmacy.

AAOIFI ✗

Debt ÷ Market cap (MC)
Non-Compliant Assets ÷ MC247.25