Bullboard - Stock Discussion Forum 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... see more

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Nexus Industrial REIT > Another REIT transitioning towards greater industrial %

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Post by CanSiamCyp on Oct 07, 2021 11:01am

Another REIT transitioning towards greater industrial %

FYI: Another REIT that you may not be aware of and which is also transitioning towards a higher percentage of Industrial property in their portfolio is Pro REIT PRV.un. They recently announced acquisition of 16 industrial properties and disposition of 3 retail properties. Since I purchased units in 2017, this REIT has paid 100% Return of Capital distributions - which has beneficial implications for holding in non-registered accounts. Not promoting - just saying! Cheers!

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Comment by SuperDude2 on Oct 07, 2021 1:21pm

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Comment by CanSiamCyp on Oct 07, 2021 8:47pm

Hey SD! If the acquisitions are truly accretive (and each and every REIT I have experience with issue statements that their acquisitions are accretive), then the REIT management could opt to increase the monthly distribution OR decrease the payout ratio (since many investors and analysts are nervous about high payouts) OR retain some of the FCF to fund future growth/acquisitions. I am surprised ...more

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Comment by SuperDude2 on Oct 07, 2021 9:34pm

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Comment by CanSiamCyp on Oct 08, 2021 8:10pm

Welcome aboard the PRV Express SuperDude2! Just don't blame me if the train ever goes off the tracks (but I have no reason to believe that it ever will). Just saying! Say hi to Bubba359 when next you guys meet up! Cheers and have a safe and Happy Thanksgiving! CSC/StormyD

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Comment by diceslinger on Oct 08, 2021 10:10pm

By coincidence, my two biggest positions are nxr and prv..I've always felt much safer with nxr as prv is always flirting with the 100% payout ratio.

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Comment by Scarlada1 on Oct 07, 2021 3:11pm

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Comment by Sunnyboy on Oct 08, 2021 6:14pm

Now the big question is when do we start moving money from NXR to PRV? PRV SP is still 13% below Pre-Civid highs while NXR is 40% higher than pre-Cvid highs. Prying to find PRV unit NAV....

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