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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 hawk35on Aug 17, 2021 12:26pm
113 Views
Post# 33717245

RE:RE:RE:RE:RE:Short Term Pain coming tomorrow

RE:RE:RE:RE:RE:Short Term Pain coming tomorrow
Hey Apollojetic.  I could not agree more.  This huge acquisition will reset the price much higher.  Management is smart and they know how to forge important business relationships.  They know how to plan for growth but most importantly they know how to execute on the plan.  By upsizing the share issue, they now have extra cash to do future acquisitions.

The best part is their debt to asset ratio is still very low.  For Q2 it was 47.8% and they expect it to remain the same after all the acquisitions close.  With such a strong balance sheet they can do many more acquisitions while maintaining a stellar credit rating.

I had 10,000 shares at a cost below 8.00.  Today I picked up another 6,200 shares at a cost of $11.90.  Could not be happier.

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