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 Announces First Quarter 2025 Financial Results
Q1 Net Operating Income grew 8.6% from accretive acquisitions, development, and 6.6% industrial SPNOI Completed the strategic transition to a pure-play industrial REIT TORONTO, May 14, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the first quarter ended March 31, 2025. “In the first quarter we completed our strategic transition to a pure-play, Canada-focused industrial REIT” said Kelly Hanczyk, CEO of Nexus Industrial REIT.
Nexus Industrial REIT Announces the Sale of Legacy Retail and Office Buildings and Leasing Update
OAKVILLE, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is pleased to announce the sale of its 50% ownership interest in 15 retail buildings located in Quebec for $47 million and one office building also located in Quebec for $4 million, representing cap rates on in-place rents of 6.8% and 9.5% respectively (together, the “Properties”). The REIT intends to use the net proceeds from the dispositions to repay existing indebtedness on its credit facility and to fund development projects.
Nexus Industrial REIT Announces First Quarter Results Date
TORONTO, April 02, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) announced today that it intends to release its financial results for the first quarter ended March 31, 2025, before the opening of the TSX on Thursday, May 15, 2025.
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 REIT Announces Fourth Quarter and Year End 2024 Financial Results
Q4 Net Operating Income grew 10.0% from accretive acquisitions, development, and 5.1% industrial SPNOI Advanced the strategic transition to a pure-play industrial REIT TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the fourth quarter and year ended December 31, 2024. “2024 was a formative year for Nexus Industrial, and I am very pleased with the results.
Nexus Industrial REIT Announces the Sale of Four Non-Core Industrial Buildings and Two Legacy Office Buildings
TORONTO, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is pleased to announce the sale of four non-core industrial buildings located in Saskatchewan and two legacy office buildings located in Quebec and New Brunswick (the “Properties”).
Nexus Industrial REIT Announces Fourth Quarter and Year-End 2024 Results Date, and January and February Distributions
TORONTO, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) announced today that it intends to release its financial results for the fourth quarter and year ended December 31, 2024, before the opening of the TSX on Monday, March 10, 2025.
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 Announces Third Quarter 2024 Financial Results
Industrial weighting increasing as legacy assets are sold Net Operating Income grows 11.0% as recent investments yield returns TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the third quarter ended September 30, 2024. “This quarter we continued to execute against our plan, and I am thrilled with our progress.
