Professional
Added to YB: 2025-01-07
Pitch date: 2025-01-05
NXR-UN.TO [bullish]
Nexus Industrial REIT
+6.13%
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
N/A
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
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.
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