Professional
Added to YB: 2025-07-03
Pitch date: 2025-06-30
NXR-UN.TO [neutral]
Nexus Industrial REIT
+6.14%
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 7.21
Price Target
13.40 (+75%)
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
Sector
Industrial REITs
Category
value
Recent Portfolio Moves - Nexus Industrial REIT
NXR-UN.TO (holding update): High-yield industrial REIT trading at huge discount to NAV ($7.53 vs $13.40). Pure-play industrial positioning after non-core asset sales. Catalysts: declining payout ratio (currently >100%), potential Peavey Mart re-leasing, Hamilton property monetization, US trade deal benefits, and possible takeout bid.
Read full article (2 min)