TSX:NXR.UN - Post by User
Comment by
Karren411on Nov 14, 2021 4:07am
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Post# 34124265
RE:Results look good as expected
RE:Results look good as expectedhawk35 wrote:
Burnaby property was a minor disappointment . Supposd to be finished in September but now delayed to later in 2021. Increased lease revenue won't show up now until Q1 next year.
Other than that very good news. Couple of items I took notice of:
1, Market CAP is now $935 million. (will exceed 1 billion very soon)
2. Revenue is 80% industrial (including acquistions that will shortly close)
Management announced they expect new industrial acquisitions to get off to a strong start in 2022. Very good news. And their 4.8% dividend yield still leads their industrial reit contemporaries. Not bad.
All good points hawk, like the story and love the industrial sector ( I also own GRT.UN and DIR.UN ) used to own WIR.UN until its recient take over. Nexus 4.8% distribution yield is the highest to its compairables but so is the payout ratio ,, Nothing is for free in this world... Ha Ha .
I obvioulsy expect that payout ratio to come down in 2022 though so all is good. Cheers to all the longs and an exciting 2022