Nexus Real Estate Investment Trust ( (EFRTF) ) has released its Q3 earnings. Here is a breakdown of the information Nexus Real Estate Investment Trust presented to its investors.
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Nexus Industrial REIT is a Canadian real estate investment trust focused on acquiring, owning, and managing industrial properties across primary and secondary markets in Canada. The company has recently transitioned to a pure-play industrial REIT, enhancing its focus on industrial properties.
In its third-quarter 2025 financial results, Nexus Industrial REIT reported strong operational performance, including the completion of two significant industrial development projects and robust leasing activities. The company highlighted a 96% industrial occupancy rate and the successful lease-up of a large vacant property in London.
Key financial metrics for the quarter included a net income of $3.4 million, driven by a net operating income (NOI) of $32.2 million, despite a slight year-over-year decrease due to property dispositions. The REIT completed construction projects expected to add $6.6 million in annual stabilized NOI and reported a 2.9% increase in industrial same-property NOI.
The REIT also completed the sale of several properties as part of its transition strategy, generating significant proceeds. However, normalized funds from operations (FFO) and adjusted funds from operations (AFFO) per unit saw slight decreases compared to the previous year.
Looking ahead, Nexus Industrial REIT remains committed to delivering long-term growth and value for its unitholders, with expectations of continued positive performance in its industrial portfolio. The company anticipates a 3% growth in same-property NOI for the full year 2025, driven by strategic leasing activities and market conditions.