TSX:NXR.UN - Post by User
Comment by
CanSiamCypon Oct 06, 2021 7:47pm
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Post# 33977909
RE:CanSiamcyp
RE:CanSiamcypHey SD!
In conjunction with Sunnyboy's comment, there have been and are still so many moving parts re the issuance of equity, assumption of mortgages and acquisition of new properties that it is almost impossible to predict whether their payout ratio will ultimately improve to the point that they increase the monthly/annual distribution. At present, the major movement is their increase in NAV as they move towards a pure-play industrial REIT. All of the other industrial REITs have moved upwards in unit price so much during the past year that their yields appear quite low (i.e., SMU.un 2.66%; DIR.un 4.31%) so NXR.un at 4.95% is still ahead of the pack. For long-term holders like us, Nexus is one of those sweet deals with a lot of unrealized capital gains due to historic price appreciation and still offering a respectable and stable yield. I may be wrong, but I am not holding my breath waiting for an increased payout!
Cheers! CSC
SuperDude2 wrote: Hello Storm , good to see you back as Hawk is absent and the board ihas been dead for a week. I am impressed with MGMT and their continued execution. As Reits pay a fair amount in divs , do you see an increase coming soon , it has been awhile since their year long aquisition spree has been in force and in my case increased divs are welcome as it just lets my DRIP buy more shares for my account.