Bullboard - Stock Discussion Forum 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... see more

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TSX:NXR.UN - Post Discussion

Nexus Industrial REIT > SO NOW THE NEW TRAGET IS $13.25

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Post by WanTBe1 on Aug 30, 2021 10:08am

SO NOW THE NEW TRAGET IS $13.25

I can live with that.

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Comment by hawk35 on Aug 30, 2021 7:30pm

The $13.25 target is good but it is too low. One of the reasons is: MARKET CAP At the end of 2020 the stock was trading about $8.00. The market cap was about $254 million. Today the market cap is $530 million. Market cap has more than doubled in eight months. Putting it a differnet way, the size and profitability of the company more than doubled. This does no take into ...more

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Comment by apollojetic on Aug 31, 2021 9:00am

I could also see them making yet another big purchase in the fall or early Q1 and another new issue of shares. Very aggressive management. The $13.25 target takes the yield to 4.8% but it can get to 4-4.25% IMO. That could take Nexus into the $15-$16 range. The market also has to remain stable. The bottom line is industrial assets are at a premium now and that will continue for some ...more

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Nexus Industrial REIT