Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
NXR-UN.TO [neutral]
Nexus Industrial REIT
+24.29%
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 6.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.03
P/E
N/A
EV/Sales
12.00
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)