Nexus Industrial REIT Distributions for September and October
Nexus Industrial REIT, which is dedicated to enhancing value for its unitholders, has announced its distributions for September and October 2024. This announcement underscores the REIT's commitment to rewarding its investors while maintaining a strong portfolio in the industrial real estate market.
Details of the September Distribution
For September, Nexus will provide a cash distribution of $0.05333 per unit, amounting to a total of $0.64 annually for each unit owned. This distribution is set to be paid on October 15, 2024, to unitholders who are recorded as of September 30, 2024.
October Distribution Announcement
In a similar vein, the REIT has confirmed a cash distribution of $0.05333 per unit for October, which also represents an annualized total of $0.64 per unit. This payment is scheduled for November 15, 2024, for those unitholders on record as of October 31, 2024.
About Nexus Industrial REIT
Nexus Industrial REIT is committed to enhancing and maximizing unitholder returns through strategic acquisitions of industrial properties across both primary and secondary Canadian markets. The REIT currently holds a diverse portfolio of 119 properties, including two that are in development where it has an 80% ownership stake. The total gross leasable area is approximately 13.0 million square feet. With around 94,152,000 voting units in circulation, this includes about 70,742,000 REIT Units and approximately 23,410,000 Class B LP Units from subsidiary partnerships, which can be converted to REIT Units on a one-to-one basis.
Contact Information
If you need further information, please contact:
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 set at $0.05333 per unit for both September and October, which corresponds to an annualized rate of $0.64 per unit.
When will the distributions be paid?
The distributions will be disbursed on October 15, 2024, for September, and on November 15, 2024, for October.
Who is eligible for the distributions?
Unitholders who are on record as of September 30, 2024, and October 31, 2024, will be eligible to receive the respective distributions.
How many properties does Nexus Industrial REIT own?
Nexus Industrial REIT owns a total of 119 properties, including two that are currently under development, with a substantial gross leasable area.
What is the strategy of Nexus Industrial REIT?
Nexus aims to enhance unitholder value by pursuing strategic acquisitions and effectively managing its industrial assets across Canada.