TSX:NXR.UN - Post by User
Comment by
Defiance2050on Feb 18, 2022 2:41pm
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Post# 34442924
RE:Industrial Rents
RE:Industrial RentsGood point. Summit is more focused on inside big cities such as heavy GTA holdings vs the majority of Nexus holdings which is outside of big 6. Good signs on rent increases being significant, Summit also reported IFRS NAVPU increase. Summit has been able to issue bonds at a lower rate than mortgages (according to PR).
Nexus has started to settle and hasnt sold off this week with the market. On the Nexus front if shares need to be issued it will hopefully be at a higher price and will offset the lower cap rates properties are being purchased at. Hopefully as Nexus gets larger the cost of borrowing will improve (relative to BOC) whether it is mortgages or eventually bonds.