Nexus Industrial REIT T.NXR.UN

RE:RE:Is NXR believing their own hype

[Larrymartin77]

Sunnyboy wrote: Just a couple thoughts for your consideration.
Overpaying for properties would directly result in a lower NAV per unit I would think? From Sept 30 2020 to Sept 30 2021 the NAV went from $9.83 to $11.50. An increase of 17½%. For most of the acquisitions they indicated that they were off market deals suggesting a below market purchase price? Also at the same time the debt level went down to 36.6%. I see nothing indicating that they are over paying for properties? Even if they would overpay by 5% ( And I am not saying they do ) and this would get us to become a pure Industrial REIT this would be a win I would think as this would most likely increase the valuation to about 1.25x to 1.3x NAV resulting in a SP of $14.50 to $15.00.
The  two new issues although unusual as they were only 3 months apart to me suggest they see opportunities NOW and this is confirmed when they announced the latest issue indicating they are working on another deal to purchase $315 million of industrial properties. Also within a 3 month period they were able to issue units at a 13.7% higher value. I see nothing that worries me. I just hate to see people selling out and as a result missing out big time.
Anyway just my thoughts and take on things

sunnyboy makes some excellent points