Nexus Real Estate Investment (TSE:NXR.UN) has released an update.
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Nexus Industrial REIT has reported a significant 11% increase in net operating income for the third quarter of 2024, driven by investments in industrial properties. The company is focusing on becoming a pure-play industrial REIT by selling off legacy retail and non-core assets, with industrial assets set to make up nearly 100% of its net operating income.
For further insights into TSE:NXR.UN stock, check out TipRanks’ Stock Analysis page.
