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 > wtf

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Comment by hawk35on Apr 19, 2024 6:22pm

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Post# 35999024

RE:RE:RE:RE:RE:wtf

Decline in SP is due to uncertaintly about falling interest rates. This interest rate drop will likely be later this year perhaps sooner in Canada. Anyone seriously following Nexus knows that the industrial leases are maturing second half of 2024 and 2025, and that two projects where they are building on land they already own will be completed this year. Free cash will rise and payout ratio will fall in 2024 regardless of what interest rates do. And they have the remnants of their office and retail properties up for sale which will fund future industrial acquisitions or new construction on the land they already own.

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