Nexus Industrial REIT Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Kelly Hanczyk

Chief executive officer

CA$2.0m

Total compensation

CEO salary percentage	33.0%
CEO tenure	10.3yrs
CEO ownership	0.7%
Management average tenure	no data
Board average tenure	5.5yrs

Recent management updates

Recent updates

Shareholders May Be More Conservative With Nexus Real Estate Investment Trust's (TSE:NXR.UN) CEO Compensation For Now

Jun 24

CEO Compensation Analysis

How has Kelly Hanczyk's remuneration changed compared to Nexus Industrial REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$2m	CA$650k	CA$160m
Sep 30 2023	n/a	n/a	CA$141m
Jun 30 2023	n/a	n/a	CA$104m
Mar 31 2023	n/a	n/a	CA$107m
Dec 31 2022	CA$2m	CA$650k	CA$121m
Sep 30 2022	n/a	n/a	CA$183m
Jun 30 2022	n/a	n/a	CA$130m
Mar 31 2022	n/a	n/a	CA$101m
Dec 31 2021	CA$2m	CA$500k	CA$94m
Sep 30 2021	n/a	n/a	CA$59m
Jun 30 2021	n/a	n/a	CA$76m
Mar 31 2021	n/a	n/a	CA$32m
Dec 31 2020	CA$990k	CA$450k	CA$35m
Sep 30 2020	n/a	n/a	CA$53m
Jun 30 2020	n/a	n/a	CA$54m
Mar 31 2020	n/a	n/a	CA$51m
Dec 31 2019	CA$700k	CA$375k	CA$42m
Sep 30 2019	n/a	n/a	CA$39m
Jun 30 2019	n/a	n/a	CA$37m
Mar 31 2019	n/a	n/a	CA$37m
Dec 31 2018	CA$600k	CA$375k	CA$39m
Sep 30 2018	n/a	n/a	CA$27m
Jun 30 2018	n/a	n/a	CA$27m
Mar 31 2018	n/a	n/a	CA$22m
Dec 31 2017	CA$464k	CA$244k	CA$16m

Compensation vs Market: Kelly's total compensation ($USD1.43M) is about average for companies of similar size in the Canadian market ($USD1.29M).

Compensation vs Earnings: Kelly's compensation has been consistent with company performance over the past year.

CEO

Kelly Hanczyk (55 yo)

10.3yrs

Tenure

CA$1,969,227

Compensation

Mr. Kelly Clark Hanczyk serves as Chief Executive Officer, President and Chief Financial Officer at Trillium Acquisition Corp. since March 31, 2021 and served as Interim Chief Executive Officer. He has bee...

Board Members

Name	Position	Tenure	Compensation	Ownership
Kelly Hanczyk	CEO & Trustee	11yrs	CA$1.97m	0.70% CA$ 4.5m
Floriana Cipollone	Independent Trustee	4yrs	CA$95.00k	0.028% CA$ 182.5k
Bradley Cutsey	Independent Trustee	7.8yrs	CA$85.00k	0.061% CA$ 395.9k
Louie DiNunzio	Independent Trustee	2.6yrs	CA$95.00k	0.029% CA$ 186.1k
Benjamin Rodney	Independent Chairman of Board of Trustees	7.1yrs	CA$113.50k	0.17% CA$ 1.1m
Justine Delisle	Independent Trustee	2.6yrs	CA$88.50k	0.0098% CA$ 63.6k

5.5yrs

Average Tenure

52yo

Average Age

Experienced Board: NXR.UN's board of directors are considered experienced (5.5 years average tenure).

Nexus Industrial REIT Management

Management criteria checks 3/4

Key information

Recent management updates

CFO & Secretary recently bought CA$94k worth of stock

Nexus Industrial REIT, Annual General Meeting, May 14, 2024

Nexus Industrial REIT Announces Chief Financial Officer Changes

Nexus Industrial REIT Announces Chief Financial Officer Changes

Independent Trustee recently bought CA$71k worth of stock

Independent Trustee exercised options to buy CA$29k worth of stock.

Recent updates

Nexus Industrial REIT to Report Q1, 2024 Results on May 15, 2024

Upcoming dividend of CA$0.053 per share

CFO & Secretary recently bought CA$94k worth of stock

Dividend of CA$0.053 announced

Upcoming dividend of CA$0.053 per share

Nexus Industrial REIT, Annual General Meeting, May 14, 2024

Full year 2023 earnings: Revenues in line with analyst expectations

Nexus Industrial REIT Announces Cash Distribution for the Month of March and April 2024, Payable on April 15, 2024 and May 15, 2024 Respectively

New minor risk - Shareholder dilution

Upcoming dividend of CA$0.053 per share

Now 20% undervalued

Nexus Industrial REIT to Report Q4, 2023 Results on Mar 14, 2024

Dividend of CA$0.053 announced

Upcoming dividend of CA$0.053 per share at 7.5% yield

New minor risk - Shareholder dilution

Nexus Industrial REIT Announces January and February Distributions, Payable on February 15, 2024 and March 15, 2024

Upcoming dividend of CA$0.053 per share at 8.1% yield

New minor risk - Shareholder dilution

New minor risk - Insider selling

Nexus Industrial REIT Announces Chief Financial Officer Changes

Nexus Industrial REIT Announces Chief Financial Officer Changes

Third quarter 2023 earnings released: FFO per share: CA$0.3 (vs CA$0.28 in 3Q 2022)

Nexus Industrial REIT Announces December Cash Distribution, Payable on January 15, 2024

Nexus Industrial REIT (TSX:NXR.UN) acquired 1005 Wilton Grove Road, London, Ontario from 1803299 Ontario Inc. for CAD 55.8 million.

Price target decreased by 8.2% to CA$9.89

Nexus Industrial REIT to Report Q3, 2023 Results on Nov 15, 2023

Price target decreased by 8.1% to CA$10.78

Upcoming dividend of CA$0.053 per share at 8.2% yield

Upcoming dividend of CA$0.053 per share at 8.2% yield

Consensus EPS estimates increase by 143%

New minor risk - Profit margin trend

Second quarter 2023 earnings released

Nexus Industrial REIT Announces Distribution for the Month of August and September 2023, Payable on September 15, 2023 and October 16, 2023

Upcoming dividend of CA$0.053 per share at 7.6% yield

Nexus Industrial REIT to Report First Half, 2023 Results on Aug 14, 2023

Independent Trustee recently bought CA$71k worth of stock

Upcoming dividend of CA$0.053 per share at 7.1% yield

Consensus EPS estimates fall by 15%

First quarter 2023 earnings released

Full year 2022 earnings released

Upcoming dividend of CA$0.053 per share at 5.8% yield

Nexus Industrial REIT to Report Fiscal Year 2022 Results on Mar 15, 2023

Independent Trustee exercised options to buy CA$29k worth of stock.

Upcoming dividend of CA$0.053 per share

Now 22% undervalued

Key Executive exercised options to buy CA$115k worth of stock.

Nexus Industrial REIT has completed a Follow-on Equity Offering in the amount of CAD 75.19 million.

Nexus Industrial REIT (TSX:NXR.UN) agreed to acquire Approximately 330,000 Square Feet, Two New-build Single Tenant Industrial Distribution Properties.

Now 24% undervalued

Upcoming dividend of CA$0.053 per share

Nexus Industrial REIT Announces Cash Distribution for the Month of December 2022, Payable on January 16, 2023

Third quarter 2022 earnings released

Investor sentiment improved over the past week

Nexus Industrial REIT Announces Distribution for the Month of October and November 2022, Payable on November 15, 2022 and December 15, 2022 Respectively

Nexus Industrial REIT Announces Distribution for September 2022, Payable on October 14, 2022

Upcoming dividend of CA$0.053 per share

Nexus Industrial REIT (TSX:NXR.UN) acquired Approximately 94,000 Square Foot Single-Tenant Industrial Property for CAD 18.9 million.

Second quarter 2022 earnings released

Nexus Industrial REIT (TSX:NXR.UN) acquired approximately 94,000 Square Foot Single-Tenant Industrial Property for CAD 18.9 million.

Price target decreased to CA$13.63

Price target decreased to CA$13.75

Nexus Industrial REIT Announces Distribution for the Month of July 2022, Payable on August 15, 2022

Nexus Industrial REIT Announces Distribution for the Month of June 2022, Payable on July 15, 2022

Nexus Industrial REIT to Report Q2, 2022 Results on Aug 12, 2022

Upcoming dividend of CA$0.053 per share

First quarter 2022 earnings released

Upcoming dividend of CA$0.053 per share

Nexus Industrial REIT Announces Cash Distribution for May 2022, Payable on June 15, 2022

CEO, President & Trustee exercised options to buy CA$748k worth of stock.