Nexus Industrial REIT Announces Financial Results and Conference Call for Q2 2024

Strategic Insights -

Nexus Industrial REIT, a growth-oriented real estate investment trust, has announced its intention to release its financial results for the quarter ended June 30, 2024, prior to the opening of the TSX on Thursday, August 15, 2024. Management will host a conference call at 10:00 AM Eastern Standard Time on the same day to review the financial results and operations. The REIT will also make cash distributions of $0.05333 per unit in August and September, representing $0.64 per unit on an annualized basis.

Key Takeaways:

  • Nexus Industrial REIT will release its financial results for Q2 2024 on Thursday, August 15, 2024, before the opening of the TSX.
  • Management will host a conference call at 10:00 AM Eastern Standard Time on August 15, 2024, to review the financial results and operations.
  • The REIT will make a cash distribution of $0.05333 per unit, representing $0.64 per unit on an annualized basis, payable on August 15, 2024, to unitholders of record as of July 31, 2024.
  • A recording of the conference call will be available until September 15, 2024, and can be accessed by dialing 1-412-317-0088 or 1-855-669-9658 (toll free in Canada and the US) and entering access code 2847948.
  • The REIT currently owns a portfolio of 119 properties, including two properties held for development, comprising approximately 13.0 million square feet of gross leasable area.
  • The REIT has approximately 94,152,000 voting units issued and outstanding, including approximately 70,742,000 REIT Units and approximately 23,410,000 Class B LP Units of subsidiary limited partnerships of Nexus.

Statistics:

  • $0.05333 per unit: the cash distribution to be made on August 15, 2024, representing $0.64 per unit on an annualized basis.
  • 119: the number of properties owned by the REIT, including two properties held for development.
  • 13.0 million: the square footage of gross leasable area of the REIT's portfolio.
  • 94,152,000: the number of voting units issued and outstanding by the REIT.
  • $0.64: the annualized basis of the cash distribution.

Sources:

  • (GLOBE NEWSWIRE) -- Nexus Industrial REIT
  • Nexus Industrial REIT (TSX: NXR.UN)