Nexus Real Estate Investment Trust (TSE:NXR.UN) has released an update.
Nexus Industrial REIT has disclosed strong financial results for the fourth quarter and full year of 2023, emphasizing its growth through strategic acquisitions of industrial properties and an increase in net operating income by 17.1%. The company’s focus on Canadian industrial real estate has led to a 99% occupancy rate and a year-over-year net asset value per unit increase of 5.6%. Looking ahead to 2024, the REIT anticipates continued growth from rent escalations, property development, and portfolio optimization.
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