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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 > A Huge Disconnect
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Comment by hawk35on Nov 16, 2023 5:24pm
255 Views
Post# 35740143

RE:RE:RE:A Huge Disconnect

RE:RE:RE:A Huge DisconnectHey Daniel.  Your right, NXR is being lumped in with retail and office reits.  Notice what Scotia said just three weeks ago.

"NXR is now back to trading like a Diversified REIT (and not Industrial REIT)."
 
" Our NAV is reduced to $9.75 (-$1.05)"

Scotia estimated NAV to be 9.75 per unit.  Actual NAV at end of third quarter was $12.89.
Analyst estimates for NAV were 32% too low.  

Yesterday, Walmart CEO mentioned they see food prices starting to decline in a meaninful way.  This will support reduced interest rates mid next year.  This will change everything for reits.

This is the time to be buying NXR.  Guess that explains trading volume today being double the average trading. 
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