Nexus Industrial REIT T.NXR.UN

A Huge Disconnect

[DanielDarden]

When NXR is issuing $51 M worth of units @$11.69 to a knowledgeable investor to acquire his/her interest in property while the units are trading < $8. Somebody is dead wrong! The investor must see extreme value here to justify the action while the market is seeing extreme risk here to justify the selling.

We might be at a stage when most are not interested in the future but only in today. Present day bias can be a powerful force!

[Compypaul]

I agree. I just bought more down here and even if it declines further, I'm happy to get paid to wait for a recovery. At some point, rational investing will resume.

[DanielDarden]

Today NXR announced completion of a transaction by issuing ~2.5M units @$11.30 to a knowledgeable investors while trading in the 6s. Can the sellers be that wrong as the debt situation is improving. It is not likely that the acquirer is being duped!

[Donwaan]

Here's another huge disconnect: "U.S. spending on the government level is like a drunken sailor, and that higher interest rates are something the government hadn't counted on when we went on the spending spree. The country had more than $33 trillion in national debt as of September and a fiscal deficit of almost $1.7 trillion for the fiscal year to date since October 2022. The U.S.s

[DanielDarden]

As expected NAV/u has improved to almost $13 while the price lags. Obviously this has been lumped in with the REITs that are writing down their assets. If management is accurate with their assessments that market rents are 25% higher , this should do very well when sentiment improves. Now would be the right time to add if you agree I guess. After all this is not office stuff which is out of favor.

[hawk35]

Hey 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