Nexus Industrial REIT (TSE:NXR.UN) Third Quarter 2022 Results
Key Financial Results
- Revenue: CA$34.4m (up 65% from 3Q 2021).
- Net income: CA$40.1m (up from CA$12.1m loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nexus Industrial REIT Earnings Insights
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Canada.
The company's shares are up 8.4% from a week ago.
You should always think about risks. Case in point, we've spotted 4 warning signs for Nexus Industrial REIT you should be aware of, and 2 of them make us uncomfortable.
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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.
Good value with proven track record.