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
|Historical stock prices|
|Current Share Price||CA$13.28|
|52 Week High||CA$6.00|
|52 Week Low||CA$13.49|
|1 Month Change||11.32%|
|3 Month Change||31.23%|
|1 Year Change||119.87%|
|3 Year Change||65.17%|
|5 Year Change||90.81%|
|Change since IPO||70.26%|
Recent News & Updates
|NXR.UN||CA REITs||CA Market|
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.
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
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
|NXR.UN fundamental statistics|
Is NXR.UN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NXR.UN income statement (TTM)|
|Cost of Revenue||CA$23.62m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 15, 2021
|Earnings per share (EPS)||1.25|
|Net Profit Margin||112.74%|
How did NXR.UN perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is Nexus Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
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).
How is Nexus Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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
How has Nexus Real Estate Investment Trust performed over the past 5 years?
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.
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$508.5M).
Debt to Equity History and Analysis
Debt Level: NXR.UN's debt to equity ratio (136.4%) is considered high.
Reducing Debt: NXR.UN's debt to equity ratio has increased from 125.4% to 136.4% over the past 5 years.
Debt Coverage: NXR.UN's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: NXR.UN's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is Nexus Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NXR.UN's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Canadian market (1.65%).
High Dividend: NXR.UN's dividend (4.82%) is in the top 25% of dividend payers in the Canadian market (4.58%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NXR.UN has been paying a dividend for less than 10 years.
Growing Dividend: NXR.UN's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (973.5%), NXR.UN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kelly Hanczyk (53 yo)
Mr. Kelly Clark Hanczyk serves as Interim Chief Executive Officer, President and Chief Financial Officer at Trillium Acquisition Corp. since March 31, 2021. He has been Chief Executive Officer of Nexus Rea...
CEO Compensation Analysis
Compensation vs Market: Kelly's total compensation ($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.
Experienced Board: NXR.UN's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82.1%.
Nexus Real Estate Investment Trust's employee growth, exchange listings and data sources
- 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
- Nexus Real Estate Investment Trust
- 855 – 2nd avenue south west
- Suite 3500
- T2P 4J8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 22:16|
|End of Day Share Price||2021/09/24 00:00|
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.