Benzinga
Nexus Ind REIT Q3 2026 Earnings Call Transcript
xCruzo Brief
Nexus Ind REIT reported strong performance in Q3 2026, according to a transcript of its earnings call. Net operating income rose 7.8% year over year to $34.7 million, while normalized AFFO per unit was 16.6 cents, supporting a 95.6% payout ratio. The company said it completed an investment-grade bond offering, continued capital recycling through property sales, and advanced infill development projects in British Columbia focused on data infrastructure. Management reported a 97% occupancy rate and significant rent lifts on lease renewals. For 2026, it maintained expectations for industrial same-property NOI growth and a normalized AFFO payout ratio below 100%.
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