TORONTO and MONTREAL, Aug. 12, 2021 (GLOBE NEWSWIRE) Nexus Real Estate Investment Trust (the “REIT”) (TSX: NXR.UN) announced today its results for the…
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TORONTO and MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) Nexus Real Estate Investment Trust (the REIT ) (TSX:NXR) announced today its results for the quarter ended March 31, 2021.
Highlights
Occupancy of 94% at March 31, 2021 increased from 93% at December 31, 2020 and remained consistent as compared to Q1 2020.
Rent collections continue to be strong despite the challenges of COVID-19.
Graduated to the Toronto Stock Exchange on February 1, 2021, with a 1 for 4 consolidation of outstanding units. Comparative figures have been restated to reflect the consolidation.
Completed a $14MM acquisition of two industrial properties in Edmonton, Alberta on March 1, 2021.
Closed a $34.9MM bought deal equity offering on March 4, 2021 with 4,255,000 REIT Units issued (the Offering ), including 555,000 units issued as part of a fully exercised overallotment. The incremental units outstanding following the Offering will negatively impact per unit measures and the REIT s AFFO payout rat