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

Nexus Industrial REIT > BMO

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Comment by retiredcfon Feb 13, 2023 10:00am

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Post# 35282880

RE:BMO

More details. GLTA

“Significant progress has been made in its transformation from a diversified commercial REIT to an industrial pure play and valuation remains attractive compared to certain TSX-listed peers,” said Mr. Markidis. “Our neutral stance takes into consideration the potential risks associated with legacy properties in the portfolio and our somewhat muted earnings growth outlook (2-year FFO CAGR [funds from operations compound annual growth rate] of approximately 3 per cent) through 2024.”

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