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Home CompaniesNexus Real Estate Investment Trust

Nexus Real Estate Investment Trust

Real Estate REIT - Industrial
PortfolioPortfolio WatchlistWatchlist
Company price
7.44 CAD 0.09 ( 1.22%)
Last update at 2026-11-04T14:33:00Z
VOLUME
12480
Market Cap
780.59M
P/E
4.79

Momentum Score

…

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area. The REIT has approximately 93,038,000 voting units issued and outstanding, including approximately 68,427,000 REIT Units and approximately 24,611,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
7.40
Low
7.47
High
52 Week Price Range
5.95
Low
10.48
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Nexus Real Estate Investment Trust is a Canadian REIT that owns and operates multi-residential rental properties in major urban regions, generating income from leasing and property management. Long-term growth may be driven by constrained housing supply, population and immigration trends, rent appreciation and active asset management including selective acquisitions and redevelopment. Investors may find the trust attractive for relatively stable, inflation-linked rental income and potential value creation through portfolio optimization.

Investors should monitor sensitivity to interest rates and refinancing, exposure to regional housing-market cycles and the impact of rent-regulation or policy changes that could limit revenue growth.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.35
Dividend Yield
7.84%
Revenue TTM
155.04M
Revenue Per Share
2.27
Gross Profit TTM
97.61M
Debt / Equity
0.95
ROE
15.49%
Net Debt
815.57M
ROCE
5.49%
Diluted EPS TTM
1.75

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 141.00M 120.87M 93.54M 35.23M 42.39M
Net income 141.00M 91.75M 93.54M 35.23M 62.95M
Selling general administrative 6.99M 6.52M 4.86M 3.47M 3.19M
Gross profit 107.70M 95.81M 55.95M 39.23M 37.93M
Reconciled depreciation 0.09M 0.09M 0.09M 0.09M 0.09M
Ebit - 142.28M -25.88M 41.53M 33.45M
Ebitda - 142.37M -25.79M 41.62M 33.54M
Depreciation and amortization - 0.09M 0.09M 0.09M 0.09M
Operating income 100.70M 142.28M -25.88M 41.53M 33.45M
Other operating expenses - 47.83M 32.46M 25.63M 25.27M
Interest expense 37.36M 29.12M 15.22M 11.00M 11.62M
Net interest income -50.67M -42.17M -24.16M -14.62M -14.51M
Income tax expense - 29.12M 15.22M -4.71M -20.56M
Total revenue 152.50M 137.12M 83.56M 61.39M 60.01M
Total operating expenses 51.80M 6.52M 4.86M 3.47M 3.19M
Cost of revenue 44.81M 41.31M 27.61M 22.16M 22.08M
Total other income expense net 90.97M -21.41M 119.42M -6.29M 8.94M
Net income from continuing ops 141.00M 120.87M 93.54M 35.23M 42.39M
Net income applicable to common shares - 120.87M 93.54M 35.23M 42.39M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1967.50M 1658.16M 710.50M 613.38M 548.38M
Other current assets 8.83M 6.48M 4.10M 4.12M 6.50M
Total liab 1094.96M 968.67M 410.92M 350.15M 330.34M
Total stockholder equity 872.54M 689.48M 299.58M 263.23M 218.04M
Other current liab 45.01M 18.97M 8.46M 4.73M 3.91M
Common stock 636.78M 536.88M 215.43M 197.07M 178.27M
Capital stock 636.78M 536.88M 215.43M 197.07M 178.27M
Retained earnings 235.76M 152.60M 84.14M 66.16M 39.77M
Other liab 9.57M 11.53M 0.41M 0.61M 0.28M
Other assets 1.64M 4.51M 1.60M 3.28M 2.11M
Cash 11.53M 82.28M 13.99M 7.88M 3.35M
Total current liabilities 132.88M 87.22M 47.95M 54.29M 134.40M
Current deferred revenue 4.45M 4.36M 1.68M 1.35M 1.25M
Net debt 815.57M 597.27M 328.72M 293.04M 280.36M
Short term debt 70.46M 58.23M 34.73M 45.19M 125.37M
Short long term debt 70.41M 58.15M 34.66M 45.13M 125.37M
Short long term debt total 827.11M 679.55M 342.72M 300.91M 283.71M
Property plant equipment 1823.63M 1546.95M 668.78M 586.05M 530.19M
Total current assets 107.68M 97.52M 31.86M 16.66M 11.73M
Long term investments 17.48M 9.18M 8.26M 7.40M 4.35M
Net tangible assets 872.54M 689.48M 299.58M 263.23M 218.04M
Net receivables 5.94M 2.75M 2.94M 2.87M 1.88M
Long term debt 746.16M 617.72M 304.32M 251.98M 158.34M
Inventory 81.37M 6.01M 10.82M 1.80M -
Accounts payable 12.96M 5.67M 3.09M 3.02M 3.24M
Non currrent assets other 1841.35M 1550.38M 669.20M 588.05M 532.30M
Non current assets total 1859.82M 1560.64M 678.64M 596.72M 536.65M
Capital lease obligations 10.54M 3.67M 3.74M 3.80M -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -322.70M -315.73M -469.25M -45.07M -0.90M
Change to liabilities - 1.30M 6.30M 0.89M 0.22M
Total cashflows from investing activities - -315.73M -469.25M -45.07M -17.99M
Net borrowings - 158.72M 253.72M 42.24M 14.02M
Total cash from financing activities 280.40M 203.45M 512.54M 26.84M -0.83M
Change to operating activities - -4.78M -7.85M 0.60M -0.48M
Net income 141.00M 120.87M 93.54M 35.23M 42.39M
Change in cash 5.14M -70.75M 68.29M 6.12M 4.52M
Begin period cash flow 10.55M 82.28M 13.99M 7.88M 3.35M
End period cash flow 15.68M 11.53M 82.28M 13.99M 7.88M
Total cash from operating activities 47.44M 41.53M 25.00M 24.35M 23.35M
Issuance of capital stock - 84.72M 295.31M - -
Depreciation 0.09M 0.09M 0.09M 0.09M 0.09M
Dividends paid 37.06M 34.32M 20.89M 14.89M 14.32M
Change to account receivables - -3.95M -3.34M -0.36M -1.03M
Other cashflows from financing activities - 210.86M 250.88M 49.07M 23.19M
Change to netincome - -73.73M -64.86M -13.07M -18.53M
Capital expenditures 21.84M 11.21M 5.37M 5.66M 4.04M
Change in working capital -4.21M -7.42M -4.89M 1.13M -1.29M
Stock based compensation 1.17M 1.03M 0.45M 0.29M 0.16M
Other non cash items -64.17M -73.04M -64.19M -12.39M -18.00M
Free cash flow 25.59M 30.32M 19.62M 18.69M 19.31M

Peer Comparison*

Sector: Real Estate Industry: REIT - Industrial

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NXR-UN
Nexus Real Estate Investment Trust		 0.09
1.22%		 7.44 4.79 10.06 5.03 0.55 11.04 9.43
GRT-UN
Granite Real Estate Investment Trust		 0.88
1.04%		 85.76 - 14.49 9.38 0.90 15.11 524.00
DIR-UN
Dream Industrial Real Estate Investment Trust		 0.23
1.81%		 12.91 51.77 14.81 9.15 0.82 15.47 51.53
PRV-UN
Pro Real Estate Investment Trust		 0.05
0.74%		 6.83 9.93 11.56 3.33 0.65 8.36 15.36

Profile*

Nexus Real Estate Investment Trust

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 116 properties (including two properties held for development in which the REIT has an 80% interest) comprising approximately 12.4 million square feet of gross leasable area. The REIT has approximately 93,038,000 voting units issued and outstanding, including approximately 68,427,000 REIT Units and approximately 24,611,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.

855 ? 2nd avenue south west, Calgary, AB, Canada, T2P 4J8

(403) 817-9496

https://www.nexusreit.com

Name Title Year Born
Mr. Kelly Clark Hanczyk CEO & Trustee 1968
Mr. Robert Paul Chiasson CFO & Sec. 1975

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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