Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
NXR-UN.TO [neutral]
Nexus Industrial REIT
+17.86%
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 6.57
Price Target
N/A
Dividend
8.18%
EV/EBITDA
16.24
P/E
6.92
EV/Sales
11.00
Sector
Industrial REITs
Category
value
Reflection on some top real estate ideas - Nexus Industrial REIT
NXR-UN.TO (holding overview): Industrial REIT trading at 50% discount to NAV. 12% YoY NOI growth, 4.7% same-property. 72% leases expire post-2029. Insider buying $4M. Selling non-core assets, aiming for 100% industrial. Main risk: Plasman leases (Windsor) in US tariff war. 85% business inter-Canadian. 9% distribution now fully covered.
Read full article (3 min)