Stock Analysis

Nexus Industrial REIT Reports Third Quarter 2022 Earnings

TSX:NXR.UN
Source: Shutterstock
Advertisement

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).
earnings-and-revenue-history
TSX:NXR.UN Earnings and Revenue History November 16th 2022

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.

Performance of the Canadian REITs industry.

The company's shares are up 8.4% from a week ago.

Risk Analysis

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.

Valuation is complex, but we're here to simplify it.

Discover if Nexus Industrial REIT might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About TSX:NXR.UN

Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Undervalued established dividend payer.

Advertisement