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

Key Points

• Nexus Industrial REIT declared a monthly dividend of C$0.0533 per share, payable to holders of record on April 15 with an ex-dividend date of March 31, representing an annualized yield of about 8.7%.
• Shares opened at C$7.38 and traded down 1.1%; the REIT has a market cap of C$716.4 million, a one‑year range of C$5.98–C$8.41 and a high debt‑to‑equity ratio of 129.95.
• Nexus reported C$0.43 EPS and C$44.88 million in revenue for the quarter, with a return on equity of 16.47% and analysts forecasting roughly C$0.78 EPS for the fiscal year.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) declared a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.0533 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, March 31st.

Nexus Industrial REIT Trading Down 1.1%

TSE NXR.UN opened at C$7.38 on Friday. Nexus Industrial REIT has a one year low of C$5.98 and a one year high of C$8.41. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The firm has a market cap of C$716.40 million, a P/E ratio of 12.02 and a beta of 1.43. The stock's 50-day moving average is C$7.79 and its 200-day moving average is C$7.82.

Nexus Industrial REIT (TSE:NXR.UN - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.43 earnings per share (EPS) 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$44.88 million during the quarter. Sell-side analysts anticipate that Nexus Industrial REIT will post 0.7800905 earnings per share for the current fiscal year.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.

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