Nexus Industrial REIT T.NXR.UN

Alternate Symbol(s): EFRTF

Nexus Industrial REIT is a Canada-based open-ended real estate investment trust. The Company and its subsidiaries own and operate commercial real estate properties across Canada. It has a portfolio of industrial, office and retail properties in Canada, with a focus on acquiring and owning industrial properties. The Company owns a portfolio of 115 properties (including two properties held for development, in which the Company has an 80% interest) comprising approximately 12.1 million square feet of gross leasable area. Its industrial properties include 11250 - 189 STREET, 3501 GIFFEN ROAD NORTH, 10774 - 42 STREET SE, 261185 WAGON WHEEL WAY, 502-25 AVENUE and others. Its office properties include 127-145 RUE SAINT-PIERRE, 360 RUE NOTRE-DAME WEST, 329 RUE DE LA COMMUNE WEST, 353 RUE SAINT NICOLAS, 410 RUE SAINT NICOLAS and others. Its retail properties include 2000 BOULEVARD LOUIS-FRECHETTE, 250 BOULEVARD FISET AND 240 RUE VICTORIA, 340 RUE BELVEDERE SOUTH and others.

TSX:NXR.UN - Post by User

Nexus Industrial REIT > Short Term Pain coming tomorrow

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Comment by CanSiamCypon Aug 16, 2021 9:15pm

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Post# 33715021

RE:Short Term Pain coming tomorrow

Hawk: Good points and I am a long term holder with an ACB less than $8. However, I am really mystified why they issued units at a 10% discount to the market close (before the halt market order was issued). I don't recall every seeing a new offering at such a huge discount - normally the new offerings run at about a 3-5% discount level. The brokerages are really, really getting a sweet deal on this one! Cheers!

hawk35 wrote:
We have hit the jackpot with the $359 million in new industrial acquisitions. Industrial NOI will now climb to 80% (previous target was 75%). And they are going to put some of their retail holdings up for sale this fall that will truly make this a pure industrial play.

The acquisitions are highly acdretive so I would not be surprised to see a dividend increase once they all close. (since the share price will climb well above the $13.25 target price.)

There will be some short term pain tomorrow. They issued stock at $11.30. We will gap down tomorrow. But this offering will close very quickly since it is one of the best deals available on the market today. Don't sell. Buy more if it gaps down. I'm planning to buy more tomorrow.

This company has access to many off market transactions. It means they don't get involved in competitive bidding for industrial projects that drive up the cost. This is just the beginning. 2022 is looking better and better.