Nexus Industrial REIT
TSX:NXR.UN

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Nexus Industrial REIT
TSX:NXR.UN
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Price: 7.53 CAD -0.13% Market Closed
Market Cap: 536.9m CAD

Nexus Industrial REIT
Investor Relations

Nexus Industrial REIT operates as a real estate investment trust. The company is headquartered in Oakville, Ontario and currently employs 19 full-time employees. The company went IPO on 2012-11-26. The REIT is focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada and the United States, and the ownership and management of its portfolio of properties. Its owns a portfolio of approximately 109 properties comprising approximately 10.7 million square feet of gross leasable area. Its industrial properties include 5 Cuddy Boulevard, 11250-189 Street, 3501 Giffen Road North, 10774-42 Street SE and 261185 Wagon Wheel Way. Its office properties include 127-145 Rue Saint-Pierre, 360 Rue Notre-Dame West, 329 Rue De La Commune West and 353 Rue Saint Nicolas. Its retail properties include 401-571 Boulevard Jutras Est, 2000 Boulevard Louis-Frechette, 250 Boulevard Fiset and 240 Rue Victoria, 161-175 Route 230 Ouest and 8245 Boulevard Taschereau.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Net Income: Net income reached $3.4 million in Q3, a $49.4 million improvement from a net loss last year, mainly due to positive fair value adjustments.

Developments Completed: Two major industrial developments were finished this quarter, adding 440,000 square feet and expected to generate $6.6 million in annual NOI.

Portfolio Transformation: Nexus is now a pure-play industrial REIT, with over 99% of NOI from industrial assets and nearly all retail and office properties sold.

Same-Property NOI: Industrial same-property NOI grew 2.9% in Q3 and year-to-date, with full-year 2025 growth expected at about 3%.

Leasing Momentum: Nearly 150,000 square feet of renewals were completed at an average 13% rent increase, and 90% of early 2026 lease expiries are already backfilled.

Guidance Revision: Full-year 2025 same-property NOI guidance was revised slightly downward due to minor leasing delays, with no expected impact on 2026 outlook.

Debt and Leverage: Proceeds from property sales are being used to reduce debt, with a target of below 10x leverage and a path toward investment-grade rating by mid-2026.

Key Financials
Net Income
$3.4 million
Net Operating Income
$32.2 million
Normalized AFFO per unit
$0.146
Net Interest Expense
$13.1 million
NAV per unit
$12.98
Weighted Average Cap Rate
5.85%
Industrial Occupancy
96%
Industrial Same-Property NOI Growth
2.9%
Annual Stabilized NOI from New Developments
$6.6 million
Other Earnings Calls

Management

Mr. Kelly Clark Hanczyk
CEO & Trustee
No Bio Available
Mr. Michael Ross Rawle
CFO & Secretary
No Bio Available

Contacts

Address
ONTARIO
Oakville
211-1540 Cornwall Road
Contacts
+14166131262
nexusreit.com