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NXR.

Nexus Real Estate Investment TrustTSX:NXR.UN Stock Report

Market Cap

CA$807.1m

7D

3.0%

1Y

119.9%

Updated

24 Sep, 2021

Data

Company Financials +
NXR.UN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health0/6
Dividends2/6

NXR.UN Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Nexus Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$13.28
52 Week HighCA$6.00
52 Week LowCA$13.49
Beta1.01
1 Month Change11.32%
3 Month Change31.23%
1 Year Change119.87%
3 Year Change65.17%
5 Year Change90.81%
Change since IPO70.26%

Recent News & Updates

Shareholder Returns

NXR.UNCA REITsCA Market
7D3.0%-0.2%-1.0%
1Y119.9%38.8%31.4%

Return vs Industry: NXR.UN exceeded the Canadian REITs industry which returned 38.8% over the past year.

Return vs Market: NXR.UN exceeded the Canadian Market which returned 31.4% over the past year.

Price Volatility

Is NXR.UN's price volatile compared to industry and market?
NXR.UN volatility
NXR.UN Beta1.01
Industry Beta1.03
Market Beta1

Stable Share Price: NXR.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NXR.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aKelly Hanczykhttps://www.nexusreit.com

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. The REIT currently owns a portfolio of 73 properties comprising approximately 4.1 million square feet of rentable area. The REIT has approximately 109,910,000 units issued and outstanding.

Nexus Real Estate Investment Trust Fundamentals Summary

How do Nexus Real Estate Investment Trust's earnings and revenue compare to its market cap?
NXR.UN fundamental statistics
Market CapCA$807.12m
Earnings (TTM)CA$75.53m
Revenue (TTM)CA$67.00m

10.6x

P/E Ratio

11.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NXR.UN income statement (TTM)
RevenueCA$67.00m
Cost of RevenueCA$23.62m
Gross ProfitCA$43.38m
Expenses-CA$32.16m
EarningsCA$75.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 15, 2021

Earnings per share (EPS)1.25
Gross Margin64.74%
Net Profit Margin112.74%
Debt/Equity Ratio136.4%

How did NXR.UN perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

974%

Payout Ratio

Valuation

Is Nexus Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

33.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NXR.UN (CA$13.28) is trading below our estimate of fair value (CA$19.82)

Significantly Below Fair Value: NXR.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NXR.UN is poor value based on its PE Ratio (10.6x) compared to the Canadian REITs industry average (10.1x).

PE vs Market: NXR.UN is good value based on its PE Ratio (10.6x) compared to the Canadian market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NXR.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NXR.UN is overvalued based on its PB Ratio (2x) compared to the CA REITs industry average (1.1x).


Future Growth

How is Nexus Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

19.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NXR.UN's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if NXR.UN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NXR.UN's revenue (19% per year) is forecast to grow faster than the Canadian market (6.1% per year).

High Growth Revenue: NXR.UN's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NXR.UN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Nexus Real Estate Investment Trust performed over the past 5 years?

36.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NXR.UN has a large one-off gain of CA$49.5M impacting its June 30 2021 financial results.

Growing Profit Margin: NXR.UN's current net profit margins are higher than last year (85.4%).


Past Earnings Growth Analysis

Earnings Trend: NXR.UN's earnings have grown significantly by 36.2% per year over the past 5 years.

Accelerating Growth: NXR.UN's earnings growth over the past year (39.1%) exceeds its 5-year average (36.2% per year).

Earnings vs Industry: NXR.UN earnings growth over the past year (39.1%) exceeded the REITs industry 5.5%.


Return on Equity

High ROE: NXR.UN's Return on Equity (19.1%) is considered low.


Financial Health

How is Nexus Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: NXR.UN's short term assets (CA$33.7M) do not cover its short term liabilities (CA$79.1M).

Long Term Liabilities: NXR.UN's short term assets (CA$33.7M) do not cover its long term liabilities (CA$508.5M).


Debt to Equity History and Analysis

Debt Level: NXR.UN's debt to equity ratio (136.4%) is considered high.

Reducing Debt: NXR.UN's debt to equity ratio has increased from 125.4% to 136.4% over the past 5 years.

Debt Coverage: NXR.UN's debt is not well covered by operating cash flow (4.2%).

Interest Coverage: NXR.UN's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Nexus Real Estate Investment Trust current dividend yield, its reliability and sustainability?

4.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NXR.UN's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Canadian market (1.65%).

High Dividend: NXR.UN's dividend (4.82%) is in the top 25% of dividend payers in the Canadian market (4.58%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NXR.UN has been paying a dividend for less than 10 years.

Growing Dividend: NXR.UN's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (973.5%), NXR.UN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average board tenure


CEO

Kelly Hanczyk (53 yo)

7.67yrs

Tenure

CA$990,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Kelly's total compensation ($USD779.85K) is below average for companies of similar size in the Canadian market ($USD1.18M).

Compensation vs Earnings: Kelly's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: NXR.UN's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82.1%.


Top Shareholders

Company Information

Nexus Real Estate Investment Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Nexus Real Estate Investment Trust
  • Ticker: NXR.UN
  • Exchange: TSX
  • Founded: NaN
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: CA$807.119m
  • Market Cap: CA$586.415m
  • Shares outstanding: 60.28m
  • Website: https://www.nexusreit.com

Location

  • Nexus Real Estate Investment Trust
  • 855 – 2nd avenue south west
  • Suite 3500
  • Calgary
  • Alberta
  • T2P 4J8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 22:16
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.