EFRTF (Nexus Industrial REIT) Interest Expense : $-39.5 Mil (TTM As of Mar. 2025)

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What is Nexus Industrial REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nexus Industrial REIT's interest expense for the three months ended in Mar. 2025 was $ -9.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2025 was $-39.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Nexus Industrial REIT's Operating Income for the three months ended in Mar. 2025 was $ 20.7 Mil. Nexus Industrial REIT's Interest Expense for the three months ended in Mar. 2025 was $ -9.1 Mil. Nexus Industrial REIT's Interest Coverage for the quarter that ended in Mar. 2025 was 2.27. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nexus Industrial REIT Interest Expense Historical Data

The historical data trend for Nexus Industrial REIT's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nexus Industrial REIT Interest Expense Chart

Nexus Industrial REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-8.59

-11.89

-21.44

-30.97

-38.51

Nexus Industrial REIT Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Interest Expense	Get a 7-Day Free Trial															-9.59	-10.05	-10.03	-10.30	-9.13

Nexus Industrial REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.5 Mil.

Nexus Industrial REIT (OTCPK:EFRTF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Nexus Industrial REIT's Interest Expense for the three months ended in Mar. 2025 was $-9.1 Mil. Its Operating Income for the three months ended in Mar. 2025 was $20.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2025 was $792.7 Mil.

Nexus Industrial REIT's Interest Coverage for the quarter that ended in Mar. 2025 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2025 )	/	Interest Expense (Q: Mar. 2025 )
	=	-1	*	20.744	/	-9.13
	=	2.27

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nexus Industrial REIT interest coverage is 2.19, which is low.

Nexus Industrial REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nexus Industrial REIT (OTCPK:EFRTF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

J6D:Germany NXR.UN:Canada

Address

105-586 Argus Road, Oakville, ON, CAN, L6J 3J3

Website

https://www.nexusreit.com

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