Nexus Industrial REIT Unveils Results Schedule and Distributions
Nexus Industrial REIT Financial Results Announcement
Nexus Industrial REIT, known for its focus on delivering value to unitholders, has made an important announcement regarding its upcoming financial results. The firm has declared its intention to disclose its financial performance for the second quarter, concluding on June 30 of this year. This release will take place before market opening on August 12.
Conference Call Details
To engage with its stakeholders, Nexus plans to conduct a conference call at 10:00 AM Eastern Standard Time on the same day. This call serves as an opportunity for the management team to share insights on the performance and future operational strategies of the REIT.
How to Participate in the Call
For those interested in participating, please call 1-647-846-8414 or if you're dialing from Canada or the US, you can use the toll-free number 1-833-752-3601. Make sure to join at least five minutes prior to the scheduled start time to ensure you don’t miss any of the important information shared during the call.
Accessing the Recording
Should you wish to listen to the conference call later, Nexus has you covered. A recording will remain accessible until September 12. You can reach this recording by calling 1-412-317-0088 or 1-855-669-9658, using access code 2608098 to listen.
Upcoming Cash Distributions
In addition to the announcement regarding their financial results, Nexus also shared details about distributions for July and August. The REIT is set to provide a cash distribution of $0.05333 for each unit, which equates to an annualized value of $0.64 per unit. This payment will be made on August 15 for unitholders on record as of July 31.
Further Distribution Insights
Moreover, the REIT has scheduled another cash distribution of the same amount to be paid on September 15, targeting those who hold units as of August 29. This consistent approach showcases Nexus's commitment to providing reliable returns to its unitholders.
Nexus Industrial REIT: Who We Are
Nexus is dedicated to growth within the real estate investment sector, emphasizing an increase in unitholder value through strategic acquisitions of industrial properties. Focusing on both primary and secondary Canadian markets, the REIT prides itself on owning and managing a significant portfolio.
Current Portfolio Overview
Currently, Nexus Industrial REIT boasts an extensive portfolio encompassing 88 properties, which include one under development in which it holds an 80% interest. This impressive portfolio amounts to nearly 11.7 million square feet of gross leasable area, underlining the REIT's expansive reach and operational capabilities.
Understanding Nexus's Unit Structure
The REIT has a total of approximately 97,018,000 voting units issued, which includes about 71,148,000 REIT Units along with around 25,870,000 Class B LP Units from its subsidiary partnerships. These Class B Units can be converted to REIT Units at a one-to-one ratio, providing flexibility and value to stakeholders.
Contact Information
For any further inquiries or detailed information regarding Nexus Industrial REIT, please reach out to:
Kelly C. Hanczyk, CEO at (416) 906-2379, or
Mike Rawle, CFO at (647) 823-1381.
Frequently Asked Questions
What are the dates for the upcoming conference call?
The conference call is scheduled for 10:00 AM EST on August 12.
How can I participate in the conference call?
You can join by dialing 1-647-846-8414 or 1-833-752-3601 from Canada and the US.
When will the second quarter results be announced?
The financial results will be released before the market opens on August 12.
What are the cash distribution amounts for July and August?
The distribution is $0.05333 per unit, totaling $0.64 annually per unit.
How can I access the recording of the conference call?
You can access the recording by calling 1-412-317-0088 or 1-855-669-9658 and using access code 2608098.
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