Nexus Industrial: 8.6% Yielder Reenters Buy Zone

(8min)

Summary

  • Nexus is nearly a pure-play industrial REIT with diversified assets across Canada, delivering strong 6.6% NOI and 12% FFO growth year-over-year.
  • AFFO payout ratio remains elevated but is improving, with management guiding for mid-single digit same property NOI growth in 2025.
  • Insider buys and a big margin of safety gets us back to the buy side.
  • Conservative Income Portfolio members get exclusive access to our real-world portfolio. See all our investments here »

Downtown London Ontario Canada

Downtown London Ontario Canada

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Note: All amounts presented are in Canadian Dollars. All references are to the stock price on TSX and not the OTC symbol.

On our previous coverage of Nexus Industrial REIT (TSX:NXR.UN:CA) (

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This article was written by

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Trapping Value is a team of analysts with over 40 years of combined experience generating options income while also focusing on capital preservation. They run the investing group Conservative Income Portfolio in partnership with Preferred Stock Trader. The investing group features two income-generating portfolios and a bond ladder.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of NXR.UN:CA, GRT.UN:CA, DIR.UN:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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