Nexus Real Estate Investment Trust (TSE:NXR.UT)
TSX:NXR.UT
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Earnings Data
Report Date
Aug 07, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.08Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and strategic trajectory: solid NOI growth (+5.4%), increases in normalized FFO/AFFO per unit, an investment-grade rating and $500M inaugural bond issuance, progress on renewals and development projects, and NAV uptick. Near-term headwinds include two unplanned vacancies (reducing occupancy to 95%), a small decline in headline net income, higher interest and carrying costs on unsold development, and a more cautious leasing backdrop in certain markets. Management expects these issues to be offset over the full year via lease-ups, re-leasing at market rents, completed developments and proceeds from asset sales.Company Guidance
Net Operating Income Growth
Q1 net operating income (NOI) was $33.8 million, up 5.4% year-over-year, driven by completed developments and acquisitions.
Normalized AFFO and FFO Improvement
Normalized FFO increased to $17.7 million and normalized AFFO per unit rose to $0.162 from $0.154 a year ago (approximately +5.2%).
Adjusted EBITDA and Payout Ratio Improvement
Last-12-month adjusted EBITDA grew to $121.3 million, and the quarter marked the first in 10 quarters with a sub-100% normalized AFFO payout ratio at 96.6%.
Successful Leasing Activity and Rent Upside
Completed ~41,000 sq ft of new leases with an average rent lift of 32% over expiring/in-place rents; average spread between market and in-place rents was 15.8% as of March 31.
Strong Renewal Progress for 2026 Expiries
Of 990,000 sq ft of 2026 expiries, 510,000 sq ft (52%) have been renewed at an average increase of 7% over expiring rents (26% excluding one long-term Alberta reset).
Investment-Grade Rating and Inaugural Bond Issuance
DBRS granted a BBB (low) stable investment-grade rating and Nexus completed a $500 million inaugural debenture offering ($300M 3-year at 4.236% and $200M 5-year at 4.641%), improving funding flexibility and expected to save ~10–20 bps on the $500M raised versus prior credit spreads.
Asset Dispositions and Balance Sheet Actions
Closed sale of 41 Royal Vista Drive for $8.5M (5.7% cap) and placed 40th Avenue (Red Deer) under firm sale for $11.25M with interim rent of $95K/month; proceeds used to repay debt and reduce leverage.
Development Pipeline Progress
Advancing development projects: Savage Road (adding 80k sq ft with $29M issued in REIT units at $10.50/unit and contractual 6% yields) and Adams Road (Kelowna micro-units up to 180k sq ft, estimated cost ~$47M).
NAV and Property Carrying Value Movement
NAV per unit increased to $13.29, up $0.07 from prior quarter; carrying value of investment properties increased $14.3 million in the quarter (capex, tenant improvements, development spend and $2.1M fair-value gains).
Same-Property Industrial NOI Resilience
Industrial same-property NOI grew 1% in the quarter despite two unplanned vacancies, indicating leasing and rent-up activities largely offset near-term disruptions.
Nexus Real Estate Investment (TSE:NXR.UT) Earnings, Revenues Date & History
TSE:NXR.UT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:NXR.UT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | C$8.06 | C$7.79 | -3.35% |
Mar 06, 2026 | C$7.68 | C$7.50 | -2.32% |
Nov 13, 2025 | C$7.51 | C$7.34 | -2.18% |
Aug 11, 2025 | C$7.32 | C$7.39 | +0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nexus Real Estate Investment Trust (TSE:NXR.UT) report earnings?
Nexus Real Estate Investment Trust (TSE:NXR.UT) is schdueled to report earning on Aug 07, 2026, TBA (Confirmed).
What is Nexus Real Estate Investment Trust (TSE:NXR.UT) earnings time?
Nexus Real Estate Investment Trust (TSE:NXR.UT) earnings time is at Aug 07, 2026, TBA (Confirmed).
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What is TSE:NXR.UT EPS forecast?
Currently, no data Available