Financials Nexus Industrial REIT

Equities

NXR.UN

CA65344U1012

Commercial REITs

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-15 EDT			5-day change	1st Jan Change
7.14 ^CAD	-4.29%		-0.56%	-11.74%

05-15	Transcript : Nexus Industrial REIT, Q1 2024 Earnings Call, May 15, 2024
05-15	Nexus Industrial REIT Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	221.4	216	722.9	648.4	554.3	491.9	-
Enterprise Value (EV) ¹	221.4	216	722.9	1,453	1,273	491.9	491.9
P/E ratio	-	-	-	-	4.54 x	-	-
Yield	7.37%	2.06%	5.07%	6.64%	7.91%	8.96%	8.96%
Capitalization / Revenue	5.84 x	5.51 x	12.9 x	4.73 x	3.52 x	2.82 x	2.63 x
EV / Revenue	5.84 x	5.51 x	12.9 x	4.73 x	3.52 x	2.82 x	2.63 x
EV / EBITDA	6.37 x	6.04 x	14.1 x	7.26 x	5.36 x	4.22 x	3.94 x
EV / FCF	-	-	-	-	-	32.8 x	23.4 x
FCF Yield	-	-	-	-	-	3.05%	4.27%
Price to Book	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	25,506	27,975	57,282	67,266	68,511	68,895	-
Reference price ²	8.680	7.720	12.62	9.640	8.090	7.140	7.140
Announcement Date	20-03-12	21-03-17	22-03-15	23-03-14	24-03-14	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	37.93	39.23	55.95	137.1	157.7	174.5	186.8
EBITDA ¹	34.74	35.75	51.1	89.29	103.3	116.6	125
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-
Net income	-	-	93.54	120.9	160	-	-
Net margin	-	-	167.18%	88.15%	101.51%	-	-
EPS	-	-	-	-	1.782	-	-
Free Cash Flow ¹	-	-	-	-	-	15	21
FCF margin	-	-	-	-	-	8.6%	11.24%
FCF Conversion (EBITDA)	-	-	-	-	-	12.87%	16.8%
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.6400	0.1590	0.6400	0.6400	0.6400	0.6400	0.6400
Announcement Date	20-03-12	21-03-17	22-03-15	23-03-14	24-03-14	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2
Net sales	34.14	-	36.86	38.42	39.75	42	-	-
EBITDA ¹	22.42	-	23.46	26	27.93	26.07	27.11	29.5
EBIT	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-
Dividend per Share	0.1590	0.1590	-	-	-	0.1610	-	-
Announcement Date	22-08-12	22-11-15	23-03-14	23-08-11	23-11-14	24-03-14	24-05-15	-

¹CAD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	805	718	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	9.016 x	6.953 x	-	-
Free Cash Flow ¹	-	-	-	-	-	15	21
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	20-03-12	21-03-17	22-03-15	23-03-14	24-03-14	-	-

¹CAD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nexus Industrial REIT

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.14 CAD

Average target price

8.444 CAD

Spread / Average Target

+18.27%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

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Industrial REITs