Nexus Industrial REIT
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Kelly C. Hanczyk
- Full Time Employees
- 22
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 105-586 Argus Road Oakville ON Canada L6J 3J3
- IPO Date
- Nov 26, 2012
- Website
- nexusreit.com
- 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.
Company News
Nexus Industrial REIT: Why I Increased Exposure To This 8.75% Yielding REIT
Nexus Industrial REIT Q2 Earnings Call Highlights
Nexus Industrial REIT Announces Appointment of Curt Millar to its Board of Trustees
Nexus Industrial REIT: Improving Financials Boost Bottom Line
Nexus Industrial REIT Q1 Earnings Call Highlights
Nexus Industrial REIT (NXR.UN:CA) Q1 2026 Earnings Call Transcript
Nexus Industrial REIT Announces First Quarter 2026 Financial Results
Nexus Industrial REIT Completes $500 Million Inaugural Unsecured Debenture Offering
Nexus Industrial REIT Announces First Quarter 2026 Results Date
Nexus Industrial REIT Announces $500 Million Inaugural Unsecured Debenture Offering
Nexus Industrial REIT (NXR.UN:CA) Q4 2025 Earnings Call Transcript
Nexus Industrial REIT Announces Fourth Quarter and Year End 2025 Financial Results
Nexus Industrial REIT: The Future Is Cautiously Bright
Nexus Industrial REIT Announces Fourth Quarter and Year-End 2025 Results Date
Nexus Industrial REIT Releases Its Sustainability Plan
Nexus Industrial REIT Announces the Acquisition of Two Montreal Industrial Buildings
Nexus Industrial REIT Announces January and February 2026 Distributions
Nexus Industrial REIT (NXR.UN:CA) Q3 2025 Earnings Call Transcript
Nexus Industrial REIT Announces Third Quarter 2025 Financial Results
Nexus Industrial's Dividend Remains At Risk With An AFFO Payout Ratio Of Nearly 100%