$NXR-UN.TO

3 stories mentioning NXR-UN.TOUpdated 42d ago

Every FINWIRES story that references NXR-UN.TO, newest first.

Nexus Industrial REIT Q1 Normalized FFO and Property Revenue Advance

Nexus Industrial REIT (NXR-UN.TO) first quarter normalized funds from operations and property revenue both climbed but narrowly missed estimates, the company reported Monday.Funds from operations edged up to $17.7 million, or $0.18 per diluted unit, from $17.6 million, or $0.19 per diluted unit in the prior year period. Analysts polled by FactSet had expected $0.19 per unit.Property revenue rose to $46.02 million, from $44.8 million over the same period, missing the $48.5 million consensus estimate.Nexus reported a 95% in-place and committed industrial occupancy rate, a 100 basis point decrease compared with Dec. 31, 2025.For 2026, Nexus expects mid-single digit same property NOI growth in its industrial portfolio, primarily due to the lease-up of vacant space, and releasing space at market rents that exceed expiring rents,Nexus REIT units closed down $0.03, to $8.06 on Monday on the Toronto Stock Exchange.

$NXR-UN.TO

Treasury70d ago

Nexus Industrial REIT Completes Its $500-Million Inaugural Unsecured Debenture Offering

Nexus Industrial REIT (NXR-UN.TO) on Tuesday said it completed an offering of $500-million of senior unsecured debentures.The REIT said that the offering consisted of $300 million of Series A Debentures maturing April 14, 2029 and $200 million of Series B Debentures maturing April 14, 2031.The Series A Debentures bear interest at a fixed annual rate of 4.236% per year, and the Series B Debentures bear interest at a fixed annual rate of 4.641% per year.The REIT added that Morningstar DBRS has provided it with a credit rating of BBB (low) with a Stable trend relating to the Debentures.The REIT plans to use the net proceeds to repay existing indebtedness and for general trust purposes.The REIT's units were last seen up $0.10 to $7.96 on the Toronto Stock Exchange.Price: $7.96, Change: $+0.10, Percent Change: +1.27%

$NXR-UN.TO

Treasury74d ago

Nexus Industrial REIT Seeking $500 Million in a Private Placement of Unsecured Debentures

Nexus Industrial REIT (NXR-UN.TO) after trade Thursday priced a private-placement offering of $500 million of senior unsecured debentures.The REIT said the offering consists of $300 million of Series A Debentures maturing April 14, 2029, carrying a 4.236% annual interest rate, and $200 million Series B Debentures maturing April 14, 2031, paying 4.641% yearly. The debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents."We are very pleased to announce the successful pricing of Nexus' inaugural debenture offering, with an expected credit rating of BBB (low) with a Stable trend from Morningstar DBRS," said chief executive Kelly Hanczyk. "The expected investment grade rating of our first Debentures reflects our execution on the REIT's long-term, strategic plans and helps position the REIT for future flexibility."The REIT intends to use the net proceeds from the offering to repay existing indebtedness and for general trust purposes. The closing is expected to take place on or about April 14.Nexus units closed up $0.04 to $7.78 on the Toronto Stock Exchange.

$NXR-UN.TO

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