Nexus Industrial REIT T.NXR.UN

Results look good as expected

[hawk35]

Burnaby property was a minor disappointment .  Supposd to be finished in September but now delayed to later in 2021.  Increased lease revenue won't show up now until Q1 next year.

Other than that very good news.  Couple of items I took notice of:

1, Market CAP is now $935 million.  (will exceed 1 billion very soon)

2. Revenue is 80% industrial (including acquistions that will shortly close)

Management announced they expect new industrial acquisitions to get off to a strong start in 2022.  Very good news.  And their 4.8% dividend yield still leads their industrial reit contemporaries.  Not bad.

[Karren411]

All good points hawk, like the story and love the industrial sector ( I also own GRT.UN and DIR.UN )  used to own WIR.UN until its recient take over.   Nexus 4.8% distribution yield is the highest to its compairables but so is the payout ratio ,,  Nothing is for free in this world... Ha Ha . I obvioulsy expect that payout ratio to come down in 2022 though so all is good. &

[Karren411]

[Scarlada1]

This post has been removed in accordance with Community Policy

[Scarlada1]

This post has been removed in accordance with Community Policy

[apollojetic]

More aquisitions coming so the pipeline continues. The payout ratio will be higher until income from the aquisitions gets added and may continue as they add more properties. That's to be expected in a early growth phase.  I appreciate a very aggressive management. In this market enviroment you want a management like this that moves quickly and has networked so well that they have

[apollojetic]

"YIELD IS THE HIGHEST."..of the Industrial reits...

[Safetrader]

Questions to Hawk35 or well informed others: Been owner and follower of NXR since 2018 When you speak of Burnaby, did you mean the 2 Richmond properties back in 2018. One (sports) is listed and went under renovations paid for, by the Seller and reimbursed with NXR shares….right? The other property (60K sq ft ) with a tenant that is industrial energy/power multinational. Why without

[Safetrader]

No need to reply, got a quick answer back from Nexus CFO. 1751 and 1771 will become 1-industrial building  and 1 commercial building ounce all renos finalized.   Also found below link. It states that we will have 2 tenants in the industrial building. Pretty happy and will add shares. https://renx.ca/nexus-reit-new-leases-expansion-richmond-property/

[Lisagerrard17]

Thanks for the link Safetrader, good info

[hawk35]

You are correct I typed Burnaby by mistake.  It should be Richmond.  Land to build industrial buildings in this area typically goes for about $9 million according to the recent conference call.  Any expansion is extremely cost effective for Nexus and the rents are quite generous. Nexus will also be building on extra land they own in London in the next year. Nice to see this