NEXUS INDUSTRIAL REIT UNITS

OAKVILLE, Ontario, April 08, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is pleased to announce the sale of its 50% ownership interest in 15 retail buildings located in Quebec for $47 million and one office building also located in Quebec for $4 million, representing cap rates on in-place rents of 6.8% and 9.5% respectively (together, the “Properties”). The REIT intends to use the net proceeds from the dispositions to repay existing indebtedness on its credit facility and to fund development projects.» Mehr auf globenewswire.com

TORONTO, April 02, 2025 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) announced today that it intends to release its financial results for the first quarter ended March 31, 2025, before the opening of the TSX on Thursday, May 15, 2025.» Mehr auf globenewswire.com

Nexus Industrial REIT's Q4 results show a fully covered dividend, with a 10% NOI increase and normalized AFFO of C$0.161 per share. The REIT's distribution of C$0.64 per share annually is now (barely) covered, with potential for rent hikes boosting future AFFO. Significant rental income growth is expected in Ontario and Quebec due to market rent increases, aiding in debt reduction and development funding.» Mehr auf seekingalpha.com