Nexus Industrial REIT (FRA:J6D)

Q2 2025 Nexus Industrial REIT Earnings Call Transcript

Aug 12, 2025 / 02:00 PM GMT

Release Date Price: €4.81 (+0.24%)

Transcript

Key Points

Positve

Nexus Industrial REIT (EFRTF) achieved a 1.7% increase in net operating income to $32.2 million despite selling 33 properties over the past year.
The company completed nearly 400,000 square feet of new leases and renewals, achieving a rent lift of 38%.
Development projects are progressing well, with a new 115,000 square foot building in Calgary expected to deliver an 11% unlevered return on investment.
Nexus Industrial REIT (EFRTF) has successfully backfilled a 223,000 square foot building in London, Ontario, with a 15-year lease to a major construction services firm.
The REIT has a strong track record of capital recycling, selling non-core buildings and acquiring high-quality industrial properties, contributing $600,000 to NOI in the quarter.

Negative

The company reported a net loss of $7.6 million, a significant decrease from a net income of $43.5 million the previous year.
There was a lower fair value adjustment on Class BLP units and investment properties, contributing to the net loss.
The building vacated by PV Mart in Red Deer, Alberta, remains unleased, posing a challenge due to its large size for the area.
The Hamilton market has slowed, affecting the leasing of a new 115,000 square foot building completed last summer.
General and administrative expenses increased by $300,000 compared to the previous year, primarily due to higher compensation expenses.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NXR_u.TO - Nexus Industrial REIT
Q2 2025 Nexus Industrial REIT Earnings Call
Aug 12, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. This is the conference operator. Welcome to Nexus Industrial week 2nd quarter 2025 results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press start and one on your telephone keypad. Should you need assistance in the conference call, you may press signal.

Signal and operator by pressing start then 0. I would now like to turn the conference over to Kelly Hanick, Chief Executive Officer. Please go ahead.

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Unidentified_2 [2]
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