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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. It has a portfolio of industrial, office and retail properties in Canada, with a focus on acquiring and owning industrial properties. The Company owns a portfolio of 115 properties (including two properties held for development, in which the Company has an 80% interest) comprising approximately 12.1 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 and others. Its retail properties include 2000 BOULEVARD LOUIS-FRECHETTE, 250 BOULEVARD FISET AND 240 RUE VICTORIA, 340 RUE BELVEDERE SOUTH and others.


TSX:NXR.UN - Post by User

Nexus Industrial REIT > Upgrade
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Comment by hawk35on Apr 18, 2022 3:17pm
117 Views
Post# 34610951

RE:RE:RE:Upgrade

RE:RE:RE:Upgrade
Mats definition is spot on.  There are a few ways this organic growth will happen for Nexus.

They have a property in BC that they are currently expanding and remodeling. They already have a tenant signed and later this year rental income will jump signicantly when the new facility opens.  Nexus also has three other properties they own with significant excess land.  Management intends to build on this land which will increase rental income.

The other organic growth will come from leases that are maturing and are renewed.  Industrial properties in Canada are seeing meaningful increase in rents when leases are renewed.
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