Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
NXR-UN.TO [neutral]
Nexus Industrial REIT
+1.6%
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 7.53
Price Target
N/A
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
Sector
Industrial REITs
Category
special_situation
Elevator thoughts on NCP's REITs - Nexus Industrial REIT
NXR-UN.TO (holding update): Pure-play Canadian industrial REIT executing well with strong leasing spreads despite Peavey Mart bankruptcies. Sold non-industrial assets, seeks credit rating. Potential catalysts: Trump trade war resolution, H&R REIT/Blackstone deal, possible distribution cut from current high yield. Insiders buying despite YTD sluggishness.
Read full article (2 min)