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Nexus Real Estate Investment ( ($TSE:NXR.UN) ) has shared an update.
Nexus Industrial REIT reported that 2025 was a transformative year, completing its strategic shift to a pure-play industrial portfolio by selling legacy retail, office and non-core industrial assets while acquiring two high-quality industrial buildings in Montreal. The REIT also finished major development projects in St. Thomas and Calgary, added 440,000 square feet of new gross leasable area, and maintained strong leasing momentum with 1.2 million square feet leased at an average 60% rent spread.
Financially, Nexus delivered 2.8% growth in NOI to $129.4 million, 2.6% growth in industrial same-property NOI, and modest increases in normalized FFO and AFFO per unit, even after significant asset sales. Management highlighted in-place industrial occupancy of 96%, a strengthened balance sheet, and expectations for mid-single-digit industrial same-property NOI growth and a normalized payout ratio below 100%, underscoring improved operational resilience and a stronger platform for future growth for unitholders.
The most recent analyst rating on ($TSE:NXR.UN) stock is a Buy with a C$9.00 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 score is held back primarily by weakening TTM cash flow/FCF and choppy near-term financial performance alongside elevated leverage. Offsetting this, technicals are supportive with price above major moving averages and positive momentum, and valuation is attractive with a low P/E and high dividend yield.
To see Spark’s full report on TSE:NXR.UN stock, click here.
More about Nexus Real Estate Investment
Nexus Industrial REIT is a Canada-focused real estate investment trust specializing in industrial properties. The REIT operates a national portfolio of distribution, logistics and small-bay industrial assets, positioning itself as a pure-play industrial landlord at scale in the Canadian market.
Average Trading Volume: 159,594
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$758.1M
Learn more about NXR.UN stock on TipRanks’ Stock Analysis page.