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Real estate investment trusts

Nexus Industrial REIT Announces September and October Distributions

Strategic Insights

— 1 min read

Nexus Industrial REIT, a growth-oriented real estate investment trust, has declared two cash distributions for the months of September and October 2024. The September distribution of $0.05333 per unit, representing $0.64 per unit on an annualized basis, will be paid on October 15, 2024, to unitholders of record as of September 30, 2024. Similarly, the October distribution of $0.05333 per unit, also representing $0.64 per unit on an annualized basis, will be paid on November 15, 2024, to unitholders of record as of October 31, 2024. Nexus Industrial REIT is focused on increasing unitholder value through the acquisition of industrial properties in Canada and the ownership and management of its portfolio.

Key Takeaways:

  • Nexus Industrial REIT declared two cash distributions for September and October 2024, each in the amount of $0.05333 per unit, representing $0.64 per unit on an annualized basis.
  • The September distribution will be paid on October 15, 2024, to unitholders of record as of September 30, 2024.
  • The October distribution will be paid on November 15, 2024, to unitholders of record as of October 31, 2024.
  • The REIT currently owns a portfolio of 119 properties, comprising approximately 13.0 million square feet of gross leasable area.
  • Nexus Industrial 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.

Statistics:

  • Distribution amount for September 2024: $0.05333 per unit or $0.64 per unit on an annualized basis
  • Payment date for September distribution: October 15, 2024
  • Distribution amount for October 2024: $0.05333 per unit or $0.64 per unit on an annualized basis
  • Payment date for October distribution: November 15, 2024
  • Number of properties in the REIT's portfolio: 119
  • Gross leasable area of the REIT's portfolio: approximately 13.0 million square feet
  • Number of voting units issued and outstanding: approximately 94,152,000

Sources:

  • GlobeNewswire, "Nexus Industrial REIT Announces September and October Distributions"
  • Securities and Exchange Commission filings (no specific document provided in the original text)

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