Nexus Industrial REIT T.NXR.UN

Alternate Symbol(s): EFRTF

Nexus Industrial REIT is a Canada-based open-ended real estate investment trust. The Company and its subsidiaries own and operate commercial real estate properties across Canada. The Company is focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. It owns a portfolio of 119 properties comprising approximately 13.0 million square feet of gross leasable area. Its industrial properties include 11250 - 189 STREET, 3501 GIFFEN ROAD NORTH, 10774 - 42 STREET SE, 261185 WAGON WHEEL WAY, 502-25 AVENUE and others. Its office properties include 127-145 RUE SAINT-PIERRE, 360 RUE NOTRE-DAME WEST, 329 RUE DE LA COMMUNE WEST, 353 RUE SAINT NICOLAS, 410 RUE SAINT NICOLAS, 2045 Rue Stanley, and others. Its retail properties include 2000 BOULEVARD LOUIS-FRECHETTE, 250 BOULEVARD FISET AND 240 RUE VICTORIA, 340 RUE BELVEDERE SOUTH and others.

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Nexus Industrial REIT > Q4 results

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Post by SusanBollandon Mar 16, 2022 8:27am

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Post# 34517704

Q4 results

I view these as good results... Occupancy increased to 96% from 95% (since Q3 ) .... Nav increased 5.5% to $12.18 from $11.55 .... FFO and AFFO grew quarter over quarter....
Payout ratio will get lower in the next few quarters because it looks like after Q4 they put the money to work from the previous "bought deal". ( they had 82.3 million in cash at the end of Q4 ) ... looks like they bought 236.5 million in properties in Q1 of 2022 !!!

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