TSX:NXR.UN - Post by User
Post by
hawk35on Mar 15, 2022 8:44pm
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Post# 34517065
Q4 - What I'm watching for
Q4 - What I'm watching forWhen the Q4 results come out I'm expecting the payout ratio to on the high side since the last two share issues have not been fully deployed in Q4. This is a timing issue and will correct itself by mid 2022. I will also be looking for three other things:
1. I'm hoping the Richmond property is finished and new rents have started. This was supposed to have been finished last September. Lets hope there are no more delays since the new rents alone would increase their annual revenue by almost 4%.
2, It would be nice if they received the $25 million cash for selling the surplus property in Montreal. This has also been delayed many months and it would help fund any new acquisition plans. And the new development planned for that land will increase the value of the property Nexus owns which would be nice since Nexus plans to dispose of that property when the price is right.
3. They have two existing properties with surplus land. In Q3 they indicated the plans to develop this land would come in 2022. Would be nice to understand the timing for these projects since building on "free" land would be financially attractive.