Nexus Industrial REIT
TSX:NXR.UN

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Nexus Industrial REIT
TSX:NXR.UN
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Price: 7.93 CAD 0.63% Market Closed
Market Cap: 564.1m CAD

Relative Value

The Relative Value of one NXR.UN stock under the Base Case scenario is 22.35 CAD. Compared to the current market price of 7.93 CAD, Nexus Industrial REIT is Undervalued by 65%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NXR.UN Relative Value
Base Case
22.35 CAD
Undervaluation 65%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
68
vs Industry
53
Median 3Y
3.5
Median 5Y
3.9
Industry
3.8
Forward
3
vs History
31
vs Industry
52
Median 3Y
5.6
Median 5Y
5.8
Industry
16.8
Forward
13.8
vs History
11
vs Industry
31
Median 3Y
13.5
Median 5Y
15.2
Industry
11.2
vs History
vs Industry
26
Median 3Y
2.4
Median 5Y
2.5
Industry
13.5
vs History
65
vs Industry
68
Median 3Y
0.6
Median 5Y
0.6
Industry
0.9
vs History
76
vs Industry
34
Median 3Y
10.8
Median 5Y
11.6
Industry
6.7
Forward
9.2
vs History
76
vs Industry
40
Median 3Y
15.4
Median 5Y
16.6
Industry
12.4
vs History
41
vs Industry
48
Median 3Y
12.1
Median 5Y
11.7
Industry
16.1
Forward
13.7
vs History
41
vs Industry
50
Median 3Y
12.1
Median 5Y
11.7
Industry
19.5
vs History
0
vs Industry
11
Median 3Y
38.4
Median 5Y
38.4
Industry
18.7
vs History
0
vs Industry
9
Median 3Y
56.3
Median 5Y
56.3
Industry
20.6
vs History
65
vs Industry
55
Median 3Y
0.7
Median 5Y
0.8
Industry
0.8

Multiples Across Competitors

NXR.UN Competitors Multiples
Nexus Industrial REIT Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Nexus Industrial REIT
TSX:NXR.UN
564.1m CAD 3.2 7 12.3 12.3
US
Prologis Inc
NYSE:PLD
98.9B USD 11.6 28.7 22.2 39.3
AU
Goodman Group
ASX:GMG
68.6B AUD 30.5 74.5 159.2 159.2
SG
ESR-REIT
OTC:CGIUF
16.1B USD 50.2 -187.9 85.5 85.5
SG
Ascendas Real Estate Investment Trust
SGX:A17U
12.4B 0 0 0 0
UK
SEGRO PLC
LSE:SGRO
8.7B GBP 12.4 13.9 27.1 27.9
US
Lineage Inc
NASDAQ:LINE
9.3B USD 1.8 -17 14.3 64.9
US
Rexford Industrial Realty Inc
NYSE:REXR
9B USD 9.1 29.4 17.5 31.1
US
Eastgroup Properties Inc
NYSE:EGP
8.6B USD 12.6 36.3 21 36.9
US
STAG Industrial Inc
NYSE:STAG
6.5B USD 8.1 27.7 16.2 32.4
US
First Industrial Realty Trust Inc
NYSE:FR
6.5B USD 9.2 23.9 19.4 30.2
P/E Multiple
Earnings Growth PEG
CA
Nexus Industrial REIT
TSX:NXR.UN
Average P/E: 30.2
7
-19%
N/A
US
Prologis Inc
NYSE:PLD
28.7
-7%
N/A
AU
Goodman Group
ASX:GMG
74.5
N/A N/A
SG
ESR-REIT
OTC:CGIUF
Negative Multiple: -187.9 N/A N/A
SG
Ascendas Real Estate Investment Trust
SGX:A17U
Not Available
1%
N/A
UK
SEGRO PLC
LSE:SGRO
13.9
-2%
N/A
US
Lineage Inc
NASDAQ:LINE
Negative Multiple: -17 N/A N/A
US
Rexford Industrial Realty Inc
NYSE:REXR
29.4
6%
4.9
US
Eastgroup Properties Inc
NYSE:EGP
36.3
5%
7.3
US
STAG Industrial Inc
NYSE:STAG
27.7
12%
2.3
US
First Industrial Realty Trust Inc
NYSE:FR
23.9
-4%
N/A