Nexus Industrial: 8.6% Yielder Reenters Buy Zone
Nexus is nearly a pure-play industrial REIT with diversified assets across Canada, delivering strong 6.6% NOI and 12% FFO growth year-over-year. AFFO payout ratio remains elevated but is improving, with management guiding for mid-single digit same property NOI growth in 2025. Insider buys and a big margin of safety gets us back to the buy side.
Nexus Industrial REIT: Dividend Yield Is Now (Finally) Covered
Nexus Industrial REIT's Q4 results show a fully covered dividend, with a 10% NOI increase and normalized AFFO of C$0.161 per share. The REIT's distribution of C$0.64 per share annually is now (barely) covered, with potential for rent hikes boosting future AFFO. Significant rental income growth is expected in Ontario and Quebec due to market rent increases, aiding in debt reduction and development funding.
Nexus Industrial REIT (EFRTF) Q4 2024 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q4 2024 Earnings Conference Call March 10, 2025 10:00 AM ET Company Participants Kelly Hanczyk - CEO Mike Rawle - CFO Conference Call Participants Brad Sturges - Raymond James Sam Damiani - TD Cowen Kyle Stanley - Desjardins Himanshu Gupta - Scotiabank Jimmy Chen - RBC Capital Markets Operator Thank you for standing by. This is the conference operator.
Nexus Industrial: Don't Fear The 25% Trump Tariffs
Nexus Industrial REIT had a strong Q3-2024, with property revenues up 14.4% and NOI up 11.1%. The REIT has an 8% yield, but the payout ratio remains over 100%. We examine the setup and threat of Trump tariffs.
Nexus Industrial REIT (EFRTF) Q3 2024 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Kelly Hanczyk - Chief Executive Officer Mike Rawle - Chief Financial Officer Conference Call Participants Brad Sturges - Raymond James Jimmy Chen - RBC Capital Kyle Stanley - Desjardins Sumayya Syed - CIBC Himanshu Gupta - Scotiabank Operator Thank you for standing by. This is the conference operator.
Nexus Industrial REIT: More Upside For 8% Yielder
We had given Nexus Industrial REIT a third consecutive buy rating, despite a challenging payout ratio. The payout ratio remained elevated in this quarter though there are signs that things are turning around on that front. We examine the case for more upside and tell you why we have stopped buying.
Nexus Industrial REIT: The 8.5% Yield Will Soon Be Fully Covered
Nexus Industrial REIT is paying a generous dividend that's not fully covered right now. Q2 AFFO increase expected to continue with new assets and lease spreads. Dividend not covered yet, but expected to be covered by 2025 with new assets and lease renewals.
Nexus Industrial REIT (EFRTF) Q2 2024 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q2 2024 Earnings Conference Call August 15, 2024 10:00 AM ET Company Participants Kelly Hanczyk - Chief Executive Officer Mike Rawle - Chief Financial Officer Conference Call Participants Mike Markides - BMO Capital Markets Kyle Stanley - Desjardins Brad Sturges - Raymond James Himanshu Gupta - Scotiabank Matt Kornack - National Bank Financial Jimmy Chen - RBC Capital Sam Damiani - TD Securities Operator Thank you for standing by. This is the conference operator.
Nexus Industrial: 9% Yielder's Payout Ratio Goes To 120%
We have given two buy ratings on Nexus Industrial REIT. The stock has gone a bit lower since our last update. We examine the elevated payout ratio in the latest quarter and update our thesis.
Nexus Industrial REIT (EFRTF) Q1 2024 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Kelly Hanczyk - Chief Executive Officer Michael Rawle - Chief Financial Officer Conference Call Participants Michael Markidis - BMO Capital Markets Brad Sturges - Raymond James Sam Damiani - TD Cowen Kyle Stanley - Desjardins Himanshu Gupta - Scotiabank Anthony Bogdan - National Bank Financial Jimmy Shan - RBC Capital Markets David Chrystal - Echelon Capital Markets Sumayya Syed - CIBC Operator Thank you for standing by. This is the conference operator.
