Nexus Industrial REIT Announces Financial Results Release Date
Nexus Industrial REIT, a prominent name in the real estate investment sector, recently shared its plans for the upcoming release of third-quarter financial results. The anticipated announcement is set to take place before the opening of the TSX on November 12, for the period ending on September 30.
Details of the Financial Results Conference Call
The management team at Nexus will facilitate a conference call on the same day at 10:00 AM Eastern Standard Time, providing an opportunity to discuss the financial outcomes and operational insights from the last quarter.
How to Participate in the Call
Interested parties wishing to join the call can do so by dialing 647-484-8814 or 1-844-763-8274 for toll-free access in Canada and the US. It’s recommended to connect at least five minutes early to ensure a prompt start.
Accessing the Call Recording
For anyone unable to attend live, a recording of the conference call will be made available until December 12. To listen to the replay, simply call 1-412-317-0088 or 1-855-669-9658 and enter the access code 7467865.
Upcoming November and December Distributions
Alongside the financial updates, Nexus also announced its cash distributions for the upcoming months. A cash distribution of $0.05333 per unit will be paid on December 13, which translates to an annualized distribution rate of $0.64 per unit. This payment will be accessible to all unitholders on record as of November 29.
January Distribution Details
In addition, a similar distribution will follow in January, with another payment of $0.05333 per unit on January 15, 2025, for unitholders recorded as of December 31, 2024. This consistency in distribution is a hallmark of Nexus’s commitment to providing value to its investors.
Understanding Nexus Industrial REIT
Nexus operates as a growth-focused real estate investment trust, dedicated to enhancing unitholder value through strategic acquisitions of industrial properties. With an extensive portfolio that includes 111 properties across primary and secondary markets in Canada, the trust boasts roughly 13 million square feet of gross leasable space.
Current Portfolio Insights
Currently, Nexus has around 94,159,000 voting units in circulation, which comprise approximately 70,749,000 REIT Units and about 23,410,000 Class B LP Units linked to subsidiary limited partnerships. Notably, these Class B units can be converted into REIT Units on a one-to-one basis, providing versatility for investors.
Contact Information for Inquiries
For further inquiries about Nexus Industrial REIT, you can reach out to Kelly C. Hanczyk, the CEO, at (416) 906-2379 or contact Mike Rawle, the CFO, at (647) 823-1381. They are available to assist with any questions regarding the REIT’s performance, distributions, or overall strategy.
Frequently Asked Questions
What is the date of Nexus Industrial REIT's financial results announcement?
Nexus Industrial REIT will announce its financial results on November 12, 2024.
How can I participate in the earnings call?
You can join the conference call by dialing 647-484-8814 or 1-844-763-8274 at least five minutes before the call starts.
What is the expected cash distribution for December 2024?
The expected cash distribution for December 2024 is $0.05333 per unit, payable on December 13.
How many properties does Nexus Industrial REIT own?
Nexus owns a portfolio of 111 properties across Canada, encompassing approximately 13 million square feet of leasable area.
Who can I contact for more information about Nexus?
You can contact Kelly C. Hanczyk at (416) 906-2379 or Mike Rawle at (647) 823-1381 for any inquiries regarding the REIT.
