Nexus Industrial REIT (NXR.UN) to Issue Monthly Dividend of $0.05 on November 13th

Nexus Industrial REIT (TSE:NXR.UN) announced a monthly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given a dividend of $0.0533 per share on Friday, November 13th. This represents a $0.64 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Friday, October 30th.

Nexus Industrial REIT Stock Up 0.3%

NXR.UN stock opened at C$7.25 on Wednesday. Nexus Industrial REIT has a fifty-two week low of C$7.01 and a fifty-two week high of C$8.46. The business’s 50-day moving average is C$7.40 and its two-hundred day moving average is C$7.81. The company has a debt-to-equity ratio of 129.95, a quick ratio of 0.12 and a current ratio of 0.44. The company has a market cap of C$703.98 million, a price-to-earnings ratio of 13.37 and a beta of 1.21.

Nexus Industrial REIT (TSE:NXR.UN) last released its quarterly earnings results on Monday, August 10th. The company reported C($0.18) earnings per share (EPS) for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. The firm had revenue of C$46.62 million for the quarter. As a group, analysts forecast that Nexus Industrial REIT will post 0.78 earnings per share for the current year.

Nexus Industrial REIT Company Profile

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. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.