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Nexus Real Estate Investment ( ($TSE:NXR.UN) ) has issued an update.
Nexus Industrial REIT announced the sale of four non-core industrial buildings in Saskatchewan and two legacy office buildings in Quebec and New Brunswick. This strategic move is aimed at concentrating its portfolio on high-quality industrial properties, which now constitute 96% of its Net Operating Income. The proceeds from the sale will be used to reduce existing debt, further solidifying Nexus’s positioning as a pure-play industrial REIT in Canada.
More about Nexus Real Estate Investment
Nexus Industrial REIT is a growth-oriented real estate investment trust focused on acquiring industrial properties in primary and secondary markets across Canada. The company manages a portfolio of 105 properties totaling approximately 12.5 million square feet of gross leasable area.
YTD Price Performance: -0.37%
Average Trading Volume: 31,983
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $506.9M
See more data about NXR.UN stock on TipRanks’ Stock Analysis page.
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