Nexus Industrial REIT (NXR.UN) to Distribute Monthly Dividend of $0.05 on November 13th

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given a dividend of $0.0533 per share on Friday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, October 30th.

Nexus Industrial REIT Price Performance

Nexus Industrial REIT stock opened at C$7.25 on Wednesday. Nexus Industrial REIT has a 52-week low of C$7.01 and a 52-week high of C$8.46. The company has a quick ratio of 0.12, a current ratio of 0.44 and a debt-to-equity ratio of 129.95. The firm’s fifty day moving average is C$7.40 and its 200 day moving average is C$7.81. The company has a market cap of C$703.98 million, a price-to-earnings ratio of 13.37 and a beta of 1.21.

Nexus Industrial REIT (TSE:NXR.UN) last posted its earnings results on Monday, August 10th. The company reported C($0.18) earnings per share for the quarter. Nexus Industrial REIT had a return on equity of 16.47% and a net margin of 99.45%. The business had revenue of C$46.62 million during the quarter. Sell-side analysts forecast that Nexus Industrial REIT will post 0.78 EPS for the current fiscal year.

Nexus Industrial REIT Company Profile

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 73,490,000 REIT Units and approximately 23,607,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.