Nexus Industrial REIT Reports Third Quarter 2022 Earnings

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.

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.

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