Nexus Real Estate Investment ( ($TSE:NXR.UN) ) has issued an announcement.
Nexus Industrial REIT reported a significant growth in net operating income for the fourth quarter and full year 2024, driven by strategic acquisitions and development projects. The company has advanced its transition to a pure-play industrial REIT by selling non-core assets and completing new developments, contributing to a record net income and increased unitholders’ equity, positioning itself strongly in the industrial real estate market.
More about Nexus Real Estate Investment
Nexus Industrial REIT is a Canada-focused real estate investment trust specializing in industrial properties. The company is transitioning to a pure-play industrial REIT, focusing on high-quality, tenanted income-producing industrial properties.
YTD Price Performance: -6.40%
Average Trading Volume: 71,948
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $474M
Learn more about NXR.UN stock on TipRanks’ Stock Analysis page.