Nexus Industrial REIT (TSE:NXR.UN) Declares Monthly Dividend of $0.05

Nexus Industrial REIT (TSE:NXR.UN) declared a monthly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be paid 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 of this dividend is Friday, October 30th.

Nexus Industrial REIT Stock Performance

TSE NXR.UN opened at C$7.25 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95. Nexus Industrial REIT has a 12-month low of C$7.01 and a 12-month high of C$8.46. The business’s 50 day moving average is C$7.40 and its two-hundred day moving average is C$7.81. The stock has a market capitalization 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 announced its quarterly earnings data on Monday, August 10th. The company reported C($0.18) EPS for the quarter. The company had revenue of C$46.62 million for the quarter. Nexus Industrial REIT had a net margin of 99.45% and a return on equity of 16.47%. Research analysts expect that Nexus Industrial REIT will post 0.78 EPS for the current year.

About Nexus Industrial REIT

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.