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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TSX:NXR.UN - Post Discussion

Nexus Industrial REIT > wtf

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Post by ScroogeMcDuck1 on Apr 18, 2024 1:41pm

wtf

is going on with this stock? 9% yield industrial the worst performing reit

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Comment by claritas on Apr 18, 2024 1:44pm

Sounds like a dividend cut is coming!

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Comment by ScroogeMcDuck1 on Apr 18, 2024 1:46pm

why would insiders buy then? makes no sense.

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Comment by ScroogeMcDuck1 on Apr 18, 2024 2:09pm

quoted from their recent earnings: "The REIT expects its normalized AFFO payout ratio to average in the low to mid 90% range for 2024."

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Comment by claritas on Apr 19, 2024 8:14am

I am not saying that it will happen, but if trying to figure out the share price decline, it sure sounds as if enough holders think so and have sold, pushing the price down. Personally, I find that a dividend cut is not always bad, IF you have confidence in management being proactive and acts before they run into debt covenant issues....

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Comment by hawk35 on Apr 19, 2024 6:22pm

Decline in SP is due to uncertaintly about falling interest rates. This interest rate drop will likely be later this year perhaps sooner in Canada. Anyone seriously following Nexus knows that the industrial leases are maturing second half of 2024 and 2025, and that two projects where they are building on land they already own will be completed this year. Free cash will rise and ...more

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