Professional
Added to YB: 2025-06-03
Pitch date: 2025-06-01
NXR-UN.TO [neutral]
Nexus Industrial REIT
+7.91%
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 is a growth-oriented real estate investment trust 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.
Market Cap
CAD 557.6M
Pitch Price
CAD 7.09
Price Target
N/A
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
Sector
Industrial REITs
Category
value
NCP Real Estate Portfolio Update - Nexus Industrial REIT
NXR-UN.TO (holding update): Canadian industrial REIT up on thawing US-Canada trade tensions. Less tariff risk as Trump waives auto parts duties (USMC compliant tenants). Still extremely discounted despite improving outlook. Distribution payout ratio falling as NOI rises from organic growth and reduced leverage via non-core asset sales.
Read full article (1 min)