Nexus Industrial REIT (J6D)
XFRA 
Summary
J6D Chart
Nexus Industrial's Dividend Remains At Risk With An AFFO Payout Ratio Of Nearly 100%
Nexus Industrial has completed its transition to a pure-play industrial REIT, now deriving 99% of NOI from industrial assets. The company offers an attractive 7.9% yield, but dividend coverage remains tight. Moderate growth, limited near-term catalysts, and a high net debt-to-EBITDA ratio suggest caution despite the apparent undervaluation relative to its peers.
Nexus Industrial REIT: This Big Yield Continues To Get Safer
Nexus Industrial REIT offers an 8.2% yield, attractive valuation, and potential upside as it's able to renew leases at higher rates, making it a compelling buy. The REIT's portfolio is 99% industrial, focused in high-demand Canadian provinces, with long-term leases and significant rental growth potential, especially in Ontario. Recent expansions include new developments and acquisitions, with these deals expected to add to the bottom line in 2025 and 2026.
Nexus Industrial REIT (EFRTF) Q2 2025 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q2 2025 Earnings Conference Call August 12, 2025 10:00 AM ET Company Participants Kelly Clark Hanczyk - CEO & Trustee Michael Ross Rawle - CFO & Secretary Conference Call Participants Bradley Sturges - Raymond James Ltd., Research Division Khing Shan - RBC Capital Markets, Research Division Kyle Stanley - Desjardins Securities Inc., Research Division Matt Kornack - National Bank Financial, Inc., Research Division Operator Thank you for standing by.
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Nexus Industrial REIT Profile
| Industrial REITs Industry | Real Estate Sector | Mr. Kelly Clark Hanczyk CEO | XFRA Exchange | CA65344U1012 ISIN |
| CA Country | 19 Employees | 30 Jun 2025 Last Dividend | 1 Feb 2021 Last Split | - IPO Date |
Overview
Nexus is an ambitious real estate investment trust (REIT), primarily engaged in both increasing the value for its unitholders and expanding its portfolio through strategic acquisitions of industrial properties. With its operations rooted in Canada, Nexus aims at capitalizing on opportunities in both primary and secondary markets. Currently, the REIT boasts ownership of 116 properties, including two development projects in which it holds an 80% interest, amassing around 12.4 million square feet of gross leasable area. As a testament to its growth and investor confidence, Nexus has around 93,038,000 voting units outstanding, divided into approximately 68,427,000 REIT Units and about 24,611,000 Class B LP Units. These LP Units, issued by subsidiary limited partnerships, are convertible to REIT Units on a one-to-one basis, highlighting Nexus’s fluid and investor-friendly structure.
Products and Services
- Acquisition of Industrial Properties
- Ownership and Management of Portfolio
- Investment Opportunities for Unitholders
Nexus focuses on the strategic acquisition of industrial properties within Canada. This endeavor is aimed at identifying and securing valuable real estate in both primary and secondary markets, thereby ensuring growth and diversification of its portfolio. The REIT’s acquisition strategy is designed to target assets that promise high returns and growth potential, underlining Nexus’s commitment to increasing unitholder value.
The REIT not only acquires but also owns and manages a diverse portfolio of industrial properties. With ownership extending to 116 properties, including two development projects, Nexus ensures that its gross leasable area — totalling approximately 12.4 million square feet — is managed with utmost efficiency and professionalism. The firm's property management strategies are focused on maximizing occupancy rates, optimizing operating costs, and enhancing the value of its real estate assets, thereby ensuring robust returns for its unitholders.
Nexus offers substantial investment opportunities through its various classes of units. With approximately 93,038,000 voting units, including REIT Units and Class B LP Units, the REIT provides a flexible investment platform. These investment vehicles permit unitholders to participate in the ownership and growth of Nexus’s real estate portfolio. The availability of Class B LP Units, convertible on a one-to-one basis to REIT Units, further amplifies the investment flexibility, offering a compelling proposition for prospective investors looking to leverage the real estate market’s potential.
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