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An update from Nexus Real Estate Investment ( ($TSE:NXR.UN) ) is now available.
Nexus Industrial REIT has acquired two industrial buildings in Montreal, Quebec, for $40.1 million, adding a combined 277,000 square feet of gross leasable area under long-term leases expiring in November 2032. The transaction, funded through the REIT’s credit facility, comes with an initial cap rate of 6.6% that is expected to reset to an estimated 10.4% in 2028, making the deal immediately accretive to adjusted funds from operations and net asset value per unit while enhancing Nexus’s footprint in key industrial markets and supporting its strategy to be a leading provider of high-quality industrial properties in Canada.
The most recent analyst rating on ($TSE:NXR.UN) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Nexus Real Estate Investment stock, see the TSE:NXR.UN Stock Forecast page.
Spark’s Take on TSE:NXR.UN Stock
According to Spark, TipRanks’ AI Analyst, TSE:NXR.UN is a Neutral.
The overall stock score of 67 reflects strong valuation metrics with a low P/E ratio and high dividend yield, which are attractive to investors. However, the company’s financial performance is mixed, with high operational efficiency but challenges in revenue growth and profitability. Technical analysis suggests a neutral to slightly bearish trend, which tempers the overall score.
To see Spark’s full report on TSE:NXR.UN stock, click here.
More about Nexus Real Estate Investment
Nexus Industrial REIT is a growth-oriented Canadian real estate investment trust focused on acquiring, owning and managing industrial properties in primary and secondary markets across Canada. The REIT’s portfolio currently consists of 89 properties totaling approximately 12.9 million square feet of gross leasable area, positioning it as a notable player in the country’s industrial real estate sector.
Average Trading Volume: 112,658
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$770.4M
Find detailed analytics on NXR.UN stock on TipRanks’ Stock Analysis page.