Professional
Added to YB: 2025-01-07
Pitch date: 2025-01-05
NXR-UN.TO [bullish]
Nexus Industrial REIT
+13.24%
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 6.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.03
P/E
N/A
EV/Sales
12.00
Sector
Industrial REITs
Category
value
Investment idea: Nexus Industrial REIT
NXR-UN.TO: Industrial REIT at 40% discount to NAV, 8% yield. Insider buying, 26% below-market rents. London, ON focus. $13.05 NAV vs $6.40 low. 7.3% implied cap rate vs 5.5-5.8% market. $12M NOI growth 2024-25. Payout ratio to improve. M&A potential as pure-play industrial REIT.
Read full article (6 min)