Nexus Industrial REIT T.NXR.UN

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[retiredcf]

After institutional investor meetings and a tour of its London portfolio, Desjardins Securities’ Kyle Stanley raised his Nexus Industrial REIT  target to $15.25 from $14.50 with a “buy” rating. The average is $14.86.

“Execution on NXR’s deep acquisition pipeline, its enhanced focus on the development/intensification program and improving organic growth profile should drive further multiple re-rating toward industrial peers (NXR trades at 14.5 times estimated 2023 FFO vs peers at 20.7 times), in our view,” he said.

[Milo1952]

What do they mean by "Organic Growth Profile"? I'm guessing acquisitions without financing or dilution?

[materialsgirl]

Generally it means growth without including any new acquisitions. Growing via existing assets and it woud normally mean without  adding to debt and without issuing new shares. mat

[hawk35]

Mats definition is spot on.  There are a few ways this organic growth will happen for Nexus. They have a property in BC that they are currently expanding and remodeling. They already have a tenant signed and later this year rental income will jump signicantly when the new facility opens.  Nexus also has three other properties they own with significant excess land.  Management