TSX:NXR.UN - Post by User
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Possibleidiot01on Jul 06, 2023 1:45pm
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Post# 35529564
Andrew Pink - BNN - TOP PiCK
Andrew Pink - BNN - TOP PiCK Nexus Industrial REIT (NXR.UN TSX)
Nexus is a diversified REIT that owns industrial, office and retail properties across Canada. The company has recently increased its ownership in the growth-oriented industrials segment, which now makes up more than 90 per cent of net operating income. Its seasoned management team has secured a strategic relationship with RFA Capital which we expect to underpin its ambitious growth strategy over time. We believe Nexus is undervalued and should command a multiple consistent with its peers considering its high-quality assets, key geographic footprint, and opportunities for growth in its core markets.