
Nexus Industrial REIT
TSX:NXR.UN

Income Statement
Earnings Waterfall
Nexus Industrial REIT
Revenue
|
175.7m
CAD
|
Cost of Revenue
|
-49.8m
CAD
|
Gross Profit
|
125.9m
CAD
|
Operating Expenses
|
3.1m
CAD
|
Operating Income
|
128.9m
CAD
|
Other Expenses
|
-38.1m
CAD
|
Net Income
|
90.9m
CAD
|
Income Statement
Nexus Industrial REIT
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
2
|
2
|
2
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
5
|
6
|
7
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
15
|
15
|
14
|
14
|
15
|
15
|
17
|
20
|
24
|
30
|
34
|
39
|
42
|
44
|
47
|
51
|
55
|
61
|
65
|
69
|
70
|
|
Revenue |
9
N/A
|
10
+14%
|
11
+10%
|
11
+4%
|
12
+8%
|
13
+8%
|
14
+9%
|
15
+6%
|
15
+3%
|
16
+2%
|
19
+19%
|
28
+49%
|
37
+32%
|
46
+25%
|
53
+13%
|
53
+1%
|
54
+2%
|
55
+2%
|
57
+3%
|
58
+3%
|
60
+3%
|
61
+2%
|
61
+0%
|
61
+0%
|
61
0%
|
62
+2%
|
66
+6%
|
72
+9%
|
84
+17%
|
99
+18%
|
114
+16%
|
128
+12%
|
137
+7%
|
143
+4%
|
147
+3%
|
153
+4%
|
158
+3%
|
162
+3%
|
167
+3%
|
173
+3%
|
176
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(8)
|
(12)
|
(17)
|
(20)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(22)
|
(24)
|
(25)
|
(28)
|
(31)
|
(35)
|
(38)
|
(41)
|
(43)
|
(44)
|
(45)
|
(46)
|
(46)
|
(48)
|
(50)
|
(50)
|
|
Gross Profit |
7
N/A
|
8
+13%
|
9
+9%
|
9
+5%
|
10
+8%
|
11
+10%
|
12
+9%
|
12
+5%
|
13
+3%
|
13
+1%
|
15
+16%
|
20
+36%
|
25
+23%
|
30
+19%
|
33
+10%
|
33
+0%
|
34
+3%
|
35
+3%
|
36
+4%
|
37
+3%
|
38
+2%
|
39
+2%
|
39
+0%
|
39
+1%
|
39
+0%
|
40
+2%
|
42
+6%
|
47
+10%
|
56
+20%
|
67
+20%
|
79
+17%
|
90
+14%
|
96
+7%
|
100
+4%
|
103
+4%
|
108
+4%
|
112
+4%
|
116
+3%
|
120
+3%
|
123
+3%
|
126
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(1)
|
(1)
|
(0)
|
0
|
(4)
|
11
|
14
|
13
|
5
|
(15)
|
(42)
|
(88)
|
(76)
|
(76)
|
13
|
88
|
58
|
59
|
19
|
20
|
22
|
35
|
31
|
(47)
|
3
|
|
Selling, General & Administrative |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
|
Other Operating Expenses |
(0)
|
(0)
|
0
|
0
|
0
|
1
|
(0)
|
0
|
(0)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
(0)
|
2
|
2
|
3
|
4
|
(1)
|
15
|
17
|
16
|
9
|
(11)
|
(38)
|
(84)
|
(71)
|
(70)
|
19
|
94
|
65
|
66
|
26
|
27
|
31
|
44
|
39
|
(38)
|
11
|
|
Operating Income |
6
N/A
|
7
+15%
|
7
+11%
|
8
+8%
|
9
+7%
|
10
+19%
|
10
-2%
|
11
+8%
|
11
+2%
|
9
-15%
|
11
+25%
|
16
+43%
|
21
+30%
|
27
+25%
|
30
+14%
|
30
-3%
|
33
+11%
|
34
+3%
|
36
+5%
|
38
+5%
|
34
-10%
|
50
+48%
|
52
+5%
|
52
-1%
|
45
-14%
|
25
-44%
|
0
-99%
|
(41)
N/A
|
(20)
+52%
|
(8)
+58%
|
92
N/A
|
178
+92%
|
154
-13%
|
159
+3%
|
122
-23%
|
128
+4%
|
134
+5%
|
151
+12%
|
150
0%
|
76
-50%
|
129
+71%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
4
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(0)
|
(0)
|
(1)
|
(4)
|
(3)
|
(3)
|
(4)
|
(3)
|
6
|
3
|
1
|
1
|
9
|
1
|
2
|
1
|
(9)
|
7
|
75
|
100
|
113
|
110
|
38
|
5
|
(33)
|
(52)
|
(18)
|
13
|
26
|
49
|
16
|
(32)
|
(38)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
9
N/A
|
11
+17%
|
6
-46%
|
5
-11%
|
6
+9%
|
7
+19%
|
7
-2%
|
7
-1%
|
11
+59%
|
8
-22%
|
8
-7%
|
9
+19%
|
16
+73%
|
22
+41%
|
27
+20%
|
27
+3%
|
39
+42%
|
37
-5%
|
37
-1%
|
39
+6%
|
42
+9%
|
51
+21%
|
54
+6%
|
53
-3%
|
35
-33%
|
32
-10%
|
76
+138%
|
59
-22%
|
94
+60%
|
101
+8%
|
130
+29%
|
183
+40%
|
121
-34%
|
107
-12%
|
104
-2%
|
141
+35%
|
160
+13%
|
200
+25%
|
166
-17%
|
43
-74%
|
91
+110%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
9
|
11
|
6
|
5
|
6
|
7
|
7
|
7
|
11
|
8
|
8
|
9
|
16
|
22
|
27
|
27
|
39
|
37
|
37
|
39
|
42
|
51
|
54
|
53
|
35
|
32
|
76
|
59
|
94
|
101
|
130
|
183
|
121
|
107
|
104
|
141
|
160
|
200
|
166
|
43
|
91
|
|
Net Income (Common) |
9
N/A
|
11
+16%
|
6
-45%
|
5
-11%
|
6
+10%
|
7
+19%
|
7
-4%
|
7
-1%
|
11
+60%
|
8
-22%
|
8
-7%
|
9
+20%
|
16
+73%
|
22
+41%
|
27
+20%
|
27
+3%
|
39
+42%
|
37
-5%
|
37
-1%
|
39
+6%
|
42
+9%
|
51
+21%
|
54
+6%
|
53
-3%
|
35
-33%
|
32
-10%
|
76
+138%
|
59
-22%
|
94
+60%
|
101
+8%
|
130
+29%
|
183
+40%
|
121
-34%
|
107
-12%
|
104
-2%
|
141
+35%
|
160
+13%
|
200
+25%
|
166
-17%
|
43
-74%
|
91
+110%
|
|
EPS (Diluted) |
1.27
N/A
|
1.48
+17%
|
0.81
-45%
|
0.61
-25%
|
0.71
+16%
|
0.69
-3%
|
0.66
-4%
|
0.66
N/A
|
1.03
+56%
|
0.79
-23%
|
0.5
-37%
|
0.38
-24%
|
0.86
+126%
|
0.93
+8%
|
1.04
+12%
|
0.99
-5%
|
1.48
+49%
|
1.31
-11%
|
1.22
-7%
|
1.29
+6%
|
1.43
+11%
|
1.63
+14%
|
1.64
+1%
|
1.59
-3%
|
1.07
-33%
|
0.87
-19%
|
1.56
+79%
|
1.07
-31%
|
1.8
+68%
|
1.3
-28%
|
1.67
+28%
|
2.3
+38%
|
1.52
-34%
|
1.21
-20%
|
1.17
-3%
|
1.55
+32%
|
1.78
+15%
|
2.14
+20%
|
1.77
-17%
|
0.47
-73%
|
0.97
+106%
|