Nexus Industrial REIT Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 04:53 am IST
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Nexus Industrial REIT reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 39.75 million compared to CAD 34.42 million a year ago. Net income was CAD 76.95 million compared to CAD 40.06 million a year ago.
For the nine months, sales was CAD 115.65 million compared to CAD 100.27 million a year ago. Net income was CAD 157.89 million compared to CAD 137.76 million a year ago.
Nexus Industrial REIT is a Canada-based open-ended real estate investment trust. The Company and its subsidiaries own and operate commercial real estate properties across Canada. It has a portfolio of industrial, office and retail properties in Canada, with a focus on acquiring and owning industrial properties. The Company owns a portfolio of 115 properties (including two properties held for development, in which the Company has an 80% interest) comprising approximately 12.1 million square feet of gross leasable area. Its industrial properties include 11250 - 189 STREET, 3501 GIFFEN ROAD NORTH, 10774 - 42 STREET SE, 261185 WAGON WHEEL WAY, 502-25 AVENUE and others. Its office properties include 127-145 RUE SAINT-PIERRE, 360 RUE NOTRE-DAME WEST, 329 RUE DE LA COMMUNE WEST, 353 RUE SAINT NICOLAS, 410 RUE SAINT NICOLAS and others. Its retail properties include 2000 BOULEVARD LOUIS-FRECHETTE, 250 BOULEVARD FISET AND 240 RUE VICTORIA, 340 RUE BELVEDERE SOUTH and others.
NEXUS INDUSTRIAL REIT 
