Professional
Added to YB: 2024-11-12
Pitch date: 2024-11-10
NXR-UN.TO [bullish]
Nexus Industrial REIT
+4.18%
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 7.43
Price Target
N/A
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
Sector
Industrial REITs
Category
value
Top 3 real estate picks updated - Nexus Industrial REIT
NXR-UN.TO: Trades at 40% discount to NAV. London, ON industrial market <2% vacancy. Pureplay industrial REIT transition, potential M&A target. Q2 leasing spreads +24%, 2025 rents 200% below market. Insider buying $2.2M. Land sales to reduce debt/payout ratio. Organic development pipeline. Catalysts: NOI growth, lower payout ratio, sector favor.
Read full article (3 min)