Professional
Added to YB: 2024-11-12
Pitch date: 2024-11-10
NXR-UN.TO [bullish]
Nexus Industrial REIT
+9.87%
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 7.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.03
P/E
N/A
EV/Sales
12.00
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)