TSX:NXR.UN - Post Discussion
Post by
retiredcf on Nov 17, 2022 7:42am
Desjardins
Desjardins Securities’ Kyle Stanley lowered his target for Nexus Industrial REIT to $13.25 from $13.75 with a “buy” rating.
“NXR now represents the only pure-play Canadian option for investors looking for industrial exposure,” said Mr. Stanley. “Despite year-to-date market turbulence, it has been active on the transaction front, with a renewed focus on Ontario and Qubec. We view the current 17-per-cent discount to NAV as an attractive entry point given its 8-per-cent annualized FFOPU [funds from operations per unit] growth profile through 2024.”
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