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 > Industrial Rents

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Post by DanielDarden123 on Feb 18, 2022 12:48pm

Industrial Rents

Summit in their pr give a glimpse of the industrial market. New leases are up 27% with Ontario up 67% and Quebec up 29%. Unbelievable but factual apparently. NXR should show similar numbers. As cash flow increases, distributions should rise.

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Comment by Defiance2050 on Feb 18, 2022 2:41pm

Good point. Summit is more focused on inside big cities such as heavy GTA holdings vs the majority of Nexus holdings which is outside of big 6. Good signs on rent increases being significant, Summit also reported IFRS NAVPU increase. Summit has been able to issue bonds at a lower rate than mortgages (according to PR). Nexus has started to settle and hasnt sold off this week with the market. ...more

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