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.

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Nexus Industrial REIT > Results look good as expected

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Comment by Karren411on Nov 16, 2021 1:38pm

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Post# 34132750

RE:RE:Results look good as expected

Karren411 wrote:

hawk35 wrote:
Burnaby property was a minor disappointment . Supposd to be finished in September but now delayed to later in 2021. Increased lease revenue won't show up now until Q1 next year.

Other than that very good news. Couple of items I took notice of:

1, Market CAP is now $935 million. (will exceed 1 billion very soon)

2. Revenue is 80% industrial (including acquistions that will shortly close)

Management announced they expect new industrial acquisitions to get off to a strong start in 2022. Very good news. And their 4.8% dividend yield still leads their industrial reit contemporaries. Not bad.

All good points hawk, like the story and love the industrial sector ( I also own GRT.UN and DIR.UN ) used to own WIR.UN until its recient take over. Nexus 4.8% distribution yield is the highest to its compairables but so is the payout ratio ,, Nothing is for free in this world... Ha Ha .
I obvioulsy expect that payout ratio to come down in 2022 though so all is good. Cheers to all the longs and an exciting 2022