Nexus Industrial REIT Sets Upcoming Distributions for Investors
Nexus Industrial REIT Distributions for September and October
Nexus Industrial REIT, known for its commitment to enhancing unitholder value, has declared its distributions for September and October 2024. The announcement highlights the REIT's ongoing efforts to reward its investors while maintaining a robust portfolio in the industrial real estate sector.
Details of the February Distribution
For September, Nexus will issue a cash distribution of $0.05333 per unit, which translates to a total of $0.64 annually for each unit held. This distribution will be payable on October 15, 2024, to unitholders recorded as of September 30, 2024.
October Distribution Announcement
Similarly, the REIT has also confirmed a cash distribution of $0.05333 per unit for October, also representing an annualized amount of $0.64 per unit. This payment is scheduled for November 15, 2024, to those unitholders who are on record as of October 31, 2024.
About Nexus Industrial REIT
Nexus Industrial REIT is dedicated to growing and maximizing unitholder yields through strategic acquisitions of industrial properties in both primary and secondary Canadian markets. Currently, the REIT boasts a diverse portfolio of 119 properties, which includes two properties earmarked for development where it holds an 80% stake. The total gross leasable area amounts to about 13.0 million square feet. With around 94,152,000 voting units in circulation, this includes roughly 70,742,000 REIT Units and about 23,410,000 Class B LP Units from subsidiary partnerships, which can be converted to REIT Units at a one-to-one ratio.
Contact Information
For those seeking additional details, please reach out to:
Kelly C. Hanczyk, CEO at (416) 906-2379; or
Mike Rawle, CFO at (289) 837-2650.
Frequently Asked Questions
What are the upcoming distribution amounts for Nexus Industrial REIT?
The upcoming distributions are $0.05333 per unit for both September and October, reflecting an annualized rate of $0.64 per unit.
When will the distributions be paid?
The distributions will be paid on October 15, 2024, for September, and on November 15, 2024, for October.
Who is eligible for the distributions?
Unitholders of record as of September 30, 2024, and October 31, 2024, will be eligible for the respective distributions.
How many properties does Nexus Industrial REIT own?
Nexus Industrial REIT owns a total of 119 properties, including two being developed, with a significant gross leasable area.
What is the strategy of Nexus Industrial REIT?
Nexus focuses on increasing unitholder value through strategic acquisitions and effective management of industrial assets in Canada.
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