Earnings
September 15, 2019 - NWH.UN
New! Northwest Heatlthcare Properties REIT - Q2-2019 Earnings, Price Target Upda .....
September 14, 2019 - SIA
New! Sienna Senior Living Inc. Q2-2019 Earnings, Price Target Update .....
September 13, 2019 - FCD.UN
Firm Capital Property Trust: Q2-2019 Earnings, Price Target Update .....
September 12, 2019 - SRT.UN
Slate Retail REIT - Q2-2019 Earnings, Price Target .....
September 10, 2019 - MRT.UN
Morguard REIT- Q2-2019 Earnings, Price Target Update .....
September 8, 2019 - CRT.UN
CT REIT Q2-2016 Earnings, Price Target Forecast .....
September 7, 2019 - CRR.UN
Crombie REIT - Q2-2019, Price Target Update .....
September 6, 2019 - CHP.UN
Choice Properties REIT - Q2-2019 Earnings, Price Target Update .....
Recommendation Changes
MRT.UN, CRT.UN, CHP.UN, REI.UN, CHR, more...

Nexus REIT - Q2-2019 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Nexus REIT was formed from the merger of Edgefront REIT (ED.UN) and Nobel REIT (NEL.UN) in 2014. Nexus REIT owns a portfolio of 66 properties comprising 3.7M sq. ft. of rentable area compared to 20 properties (1.1M sq. ft.) at Dec-31-2016. The portfolio by sq. ft. is comprised of Industrial (42%), Office (18%), Retail (28%), Mixed-Use (12%), located in Quebec (51%), Alberta (24%), Ontario (13%), BC (11%), and the rest of Canada at 14%.

Total assets as of Jun-30-2019 were $587M compared to $175.5M at Dec-31-2016. Term debt increased to $302M from $66M over the same time period. Nexus REIT has 121M units outstanding (including 18.2M Class B units) at Jun-30-2019 compared to 40.1M (including 6M Class B units) at Dec-31-2016. Net book value is $2.00 compared to $2.50 when initially formed in 2014. Growth has come from acquisitions funded with funding provided more from issuance of equity than debt.

They have a strategic relationship with TriWest Capital Partners, a Canadian private equity firm, and RFA Capital Partners Inc., a privately held real estate and asset management firm. Since inception at least 43 acquisitions have been sourced from RFA and Triwest in addition to the initial portfolio of 15 properties.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
September 13, 2019
New! Coverage Universe - Weekly Price Change: Sept 6-13, 2019
September 10, 2019
New! Chemtrade Logistics Income Fund- 6.5% Convertible Debentures
September 6, 2019
Coverage Universe - Weekly Price Change: Aug 30-Sept 6, 2019
September 5, 2019
Innergex Renewable Energy Inc. 4.65% Convertible Debenture New Issue
August 30, 2019
Coverage Universe - Weekly Price Change Aug 23 - Aug 30, 2019
August 23, 2019
Coverage Universe - Weekly Price Change Aug 16 - Aug 23, 2019
August 17, 2019
Coverage Universe - Weekly Price Change Aug 9 - Aug 16, 2019
August 9, 2019
Coverage Universe - Weekly Price Change Aug 2 - Aug 9, 2019