Professional
Added to YB: 2025-05-20
Pitch date: 2025-05-16
NXR-UN.TO [bullish]
Nexus Industrial REIT
+16.76%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Nexus Industrial REIT is an unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated March 7, 2022.
Market Cap
CAD 578.9M
Pitch Price
CAD 6.76
Price Target
10.00 (+27%)
Dividend
N/A
EV/EBITDA
17.03
P/E
N/A
EV/Sales
12.00
Sector
Industrial REITs
Category
value
Favorite Canadian REITs for 2H 2025 - Nexus Industrial REIT
NXR-UN.TO: Industrial REIT at 47% discount to NAV with 18% FFO growth YoY in Q1 2025. Only 6% NOI from auto manufacturing (Trump tariff risk). $6.6M incremental NOI from organic growth in Q3, $2.6M from renewals. Payout ratio to drop below 100% by year-end. PT $10 (still 30% NAV discount) in 12-24 months.
Read full article (3 min)