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Complete financial analysis of Nexus Industrial REIT (EFRTF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nexus Industrial REIT, a leading company in the REIT – Industrial industry within the Real Estate sector.
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Nexus Industrial REIT (EFRTF)
About Nexus Industrial REIT
Nexus is a growth oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership and management of industrial, office and retail properties located in primary and secondary markets in North America. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area. The REIT has approximately 109,910,000 units issued and outstanding. Additionally, there are Class B LP Units of subsidiary limited partnerships of Nexus REIT issued and outstanding, which are convertible into approximately 25,667,000 REIT Units.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 157.72M | 137.12M | 83.56M | 61.39M | 60.01M | 54.10M | 37.00M | 15.41M | 11.99M | 8.59M | 627.31K | 0.00 |
| Cost of Revenue | 45.68M | 41.31M | 27.61M | 22.16M | 22.08M | 20.33M | 11.86M | 2.58M | 2.07M | 1.56M | 285.73K | 0.00 |
| Gross Profit | 112.04M | 95.81M | 55.95M | 39.23M | 37.93M | 33.77M | 25.14M | 12.82M | 9.91M | 7.03M | 341.58K | 0.00 |
| Gross Profit Ratio | 71.04% | 69.87% | 66.96% | 63.90% | 63.20% | 62.42% | 67.95% | 83.22% | 82.69% | 81.84% | 54.45% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 8.66M | 6.52M | 4.86M | 3.47M | 3.19M | 2.87M | 2.84M | 1.84M | 1.56M | 1.18M | 784.08K | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 8.66M | 6.52M | 4.86M | 3.47M | 3.19M | 2.87M | 2.84M | 1.84M | 1.56M | 1.18M | 784.08K | 0.00 |
| Other Expenses | 0.00 | 64.24M | -68.96M | 8.53M | -541.45K | 2.07M | -941.35K | -128.10K | 184.59K | 10.80K | 0.00 | 0.00 |
| Operating Expenses | 8.50M | 6.52M | 4.86M | 3.47M | 3.19M | 2.87M | 2.84M | 1.84M | 1.56M | 1.18M | 784.08K | 0.00 |
| Cost & Expenses | 54.17M | 47.83M | 32.46M | 25.63M | 25.27M | 23.20M | 14.70M | 4.42M | 3.64M | 2.73M | 1.07M | 0.00 |
| Interest Income | 15.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.70K | 0.00 | 1.18K | 23.09K | 0.00 |
| Interest Expense | 70.92M | 24.64M | 19.24M | 20.78M | 13.73M | 12.36M | 7.44M | 3.16M | 2.89M | 1.91M | 97.20K | 0.00 |
| Depreciation & Amortization | 91.00K | 93.00K | 93.00K | 93.00K | 93.09K | -30.13M | -22.50M | -10.98M | -8.35M | -5.85M | 687.73K | 0.00 |
| EBITDA | 103.32M | 142.37M | -25.79M | 46.33M | 33.54M | 0.00 | 0.00 | 0.00 | 0.00 | 5.81M | -225.74K | 0.00 |
| EBITDA Ratio | 65.51% | 103.83% | -30.87% | 67.80% | 55.90% | 54.95% | 55.75% | 64.73% | 68.19% | 67.65% | -66.86% | 0.00% |
| Operating Income | 103.54M | 142.28M | -25.88M | 41.53M | 33.45M | 29.73M | 20.63M | 9.97M | 8.17M | 5.81M | -419.41K | 0.00 |
| Operating Income Ratio | 65.65% | 103.76% | -30.98% | 67.65% | 55.74% | 54.95% | 55.75% | 64.73% | 68.19% | 67.65% | -66.86% | 0.00% |
| Total Other Income/Expenses | 56.49M | 29.15M | 43.61M | -1.67M | 5.52M | 7.94M | -6.56M | -489.64K | -2.60M | 3.32M | 119.57K | 0.00 |
| Income Before Tax | 160.03M | 120.87M | 93.54M | 35.23M | 42.39M | 38.83M | 15.71M | 10.49M | 5.74M | 4.23M | -322.94K | 0.00 |
| Income Before Tax Ratio | 101.47% | 88.15% | 111.94% | 57.40% | 70.63% | 71.79% | 42.47% | 68.11% | 47.90% | 49.30% | -51.48% | 0.00% |
| Income Tax Expense | 0.00 | -7.71M | -52.82M | 20.39M | 13.22M | 11.03M | 26.00K | 15.32K | -63.18K | -21.80K | -590.53K | 0.00 |
| Net Income | 160.03M | 120.87M | 146.36M | 14.84M | 29.17M | 38.83M | 15.69M | 10.48M | 5.80M | 4.26M | -322.94K | 0.00 |
| Net Income Ratio | 101.47% | 88.15% | 175.16% | 24.17% | 48.60% | 71.79% | 42.40% | 68.01% | 48.43% | 49.56% | -51.48% | 0.00% |
| EPS | 2.33 | 1.80 | 2.55 | 0.53 | 1.14 | 1.68 | 0.71 | 1.17 | 0.68 | 0.60 | -0.47 | -0.20 |
| EPS Diluted | 2.33 | 1.80 | 2.55 | 0.53 | 1.14 | 1.68 | 0.71 | 1.17 | 0.68 | 0.60 | -0.47 | -0.20 |
| Weighted Avg Shares Out | 68.59M | 67.32M | 57.30M | 27.98M | 25.53M | 23.17M | 22.20M | 8.94M | 8.16M | 7.12M | 687.50K | 2.00M |
| Weighted Avg Shares Out (Dil) | 68.59M | 67.32M | 57.30M | 27.98M | 25.53M | 23.17M | 22.20M | 8.94M | 8.56M | 7.12M | 687.50K | 2.00M |
Nexus Industrial: Don't Fear The 25% Trump Tariffs
Nexus Industrial REIT had a strong Q3-2024, with property revenues up 14.4% and NOI up 11.1%. The REIT has an 8% yield, but the payout ratio remains over 100%. We examine the setup and threat of Trump tariffs.
Nexus Industrial REIT (EFRTF) Q3 2024 Earnings Call Transcript
Nexus Industrial REIT (OTC:EFRTF) Q3 2024 Earnings Conference Call November 12, 2024 10:00 AM ET Company Participants Kelly Hanczyk - Chief Executive Officer Mike Rawle - Chief Financial Officer Conference Call Participants Brad Sturges - Raymond James Jimmy Chen -...
Nexus Industrial REIT Announces Third Quarter 2024 Financial Results
Industrial weighting increasing as legacy assets are sold Net Operating Income grows 11.0% as recent investments yield returns TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the third quarter...
Nexus Industrial REIT Announces Third Quarter Results Date, and November and December Distributions
TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) announced today that it intends to release its financial results for the quarter ended September 30, 2024, before the opening of the TSX on November...
Nexus Industrial REIT Announces the Sale of Its Remaining Old Montreal Office Portfolio and Vacant Land
TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is pleased to announce the sale of its 50% ownership interest in its remaining Old Montreal office portfolio, consisting of an office building and...
Nexus Industrial REIT Announces the Appointment of Mary Vitug to Its Board of Trustees
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) is pleased to announce the appointment of Mary Vitug to the Board of Trustees, effective October 7, 2024.
Nexus Industrial REIT Announces the Sale of Six Legacy Office Properties, Lease Update and Credit Facility Extension
TORONTO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) is pleased to announce the sale of its 50% ownership interest in six office buildings located in Montreal with gross leasable area of 143,223...
Nexus Industrial REIT Announces September and October Distributions
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN) announced today the declaration of the September and October 2024 distributions.
Nexus Industrial REIT: More Upside For 8% Yielder
We had given Nexus Industrial REIT a third consecutive buy rating, despite a challenging payout ratio. The payout ratio remained elevated in this quarter though there are signs that things are turning around on that front. We examine the case...
Nexus Industrial REIT: The 8.5% Yield Will Soon Be Fully Covered
Nexus Industrial REIT is paying a generous dividend that's not fully covered right now. Q2 AFFO increase expected to continue with new assets and lease spreads. Dividend not covered yet, but expected to be covered by 2025 with new assets...
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