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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. The Company is focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. It owns a portfolio of 119 properties comprising approximately 13.0 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, 2045 Rue Stanley, 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

Post by hawk35on Aug 24, 2021 5:34pm
275 Views
Post# 33758728

More upside indicators

More upside indicatorsA couple more comments on future upside indicators for Nexus.

TRADING MULTIPLES

As of July 2021 (before last acquisition announcement), Nexus traded based on a 12.4 x AFFO multiple.

The average of four industrial reits trade at 22.8 x AFFO multiple.

Nexus transition to a pure industrial reit has a potential upside of 83.9%.

STRATEGIC PARTNER


RFA Capital is their strategic partner.  They are a private real estate inventment company and have so far arranged for 27 acquisitions for Nexus not counting the last acquisition.

RFA currently owns 10% of Nexus stock which highly motivates them to help Nexus be even more successful.

A senior managing parter of RFA is the current Chairman of Nexus board of directors.  Another senior RFA partner also sits on the board of directors for Nexus.  Two of Nexus five board of directors are from RFA so these significant owners of Nexus are actively involved in directing the companies success.




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