Nexus Industrial REIT
NXR-UN.TO
Toronto Stock Exchange7.81
CAD
-0.01
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Nexus Industrial REIT
NXR-UN.TO
(Toronto Stock Exchange)
Recent
price
7.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on acquiring, owning, and managing industrial, office, and retail properties across primary and secondary markets in Canada. The REIT's portfolio comprises approximately 119 properties with about 13 million square feet of gross leasable area, predominantly industrial assets, including warehouses, distribution centers, and logistics facilities; it also holds office and retail properties. Nexus targets industrial properties to increase unitholder value through accretive acquisitions, property development, and active portfolio management. The company was founded in 2012 and is headquartered in Oakville, Ontario. Nexus Industrial REIT recently completed the transition to a pure-play industrial REIT by divesting legacy office properties and non-core industrial and retail assets, generating proceeds of approximately CAD 72.9 million from these sales. In 2024, it completed three significant development projects adding roughly 500,000 square feet of gross leasable area and advanced two more projects expected to conclude mid-2025, together anticipated to contribute more than CAD 13 million annually to net operating income. The REIT also acquired several high-quality industrial properties during this period, including a 135,676 square foot facility in Kelowna, British Columbia, and an 82,500 square foot property in Rocky View, Alberta, reinforcing its industrial asset base. Additionally, Nexus reported a year-over-year increase of 12.4% in net operating income to CAD 125.9 million for 2024, driven by acquisitions and growth in industrial same property NOI, which rose 4.7% to CAD 87.8 million. Nexus Industrial REIT operates within the real estate investment trust industry, focusing on industrial real estate assets catering to logistics, warehousing, and distribution markets across Canada, with selective potential expansion into U.S. markets. It maintains a strategy of disciplined capital deployment through acquisitions, redevelopment, and development opportunities that enhance cash flow security and capital growth. The company is publicly traded on the Toronto Stock Exchange under the ticker symbol NXR.UN and continues to pursue expansion and portfolio optimization to boost unitholder returns. It is supported by subsidiaries that manage its diversified property portfolio and development initiatives. This comprehensive operational and strategic focus positions Nexus Industrial REIT as a leading industrial real estate investment trust in Canada with a strong emphasis on quality industrial assets and growth through development and acquisitions. The company is advancing its pure industrial REIT strategy and expanding its market footprint with recent property acquisitions, strategic disposals, and development completions in key Canadian regions such as British Columbia, Alberta, Ontario, and Saskatchewan. These latest changes underscore Nexus's commitment to enhancing its industrial property portfolio and financial performance metrics.