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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 duplex5696on Dec 23, 2021 3:44pm
170 Views
Post# 34259090

Are Some Reits Going ATM(for new issues)

Are Some Reits Going ATM(for new issues)There has been some movement by Reits to go the ATM (at the market ) route to raise new funds as opposed to the current broker led discounted subscriptions. Recently it appears that investors are becoming more dissatisfied with Reits that use the latter route. It is taking much longer for companies to recover back to their pre-new issue price. The drag in this process appears to be getting longer. Also the ATM avoids the cost of broker commissions. Some brokers attempt to push the traditional method by encouraging companies to increase the amount of their subcriptions. Its not the broker who will suffer the consequences but the investor and often the companies themselves. It is harder to increase your credit line when your market cap is lower.
Any Thoughts ?


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