NEXUS INVESTOR PRESENTATION
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Demonstrated Track Record of Success
Management has demonstrated its ability to successfully make and integrate accretive acquisitions resulting in
an attractive normalized AFFO payout ratio
Normalized AFFO Payout Ratio¹
99%
100%
95%
89%
90%
83%
83%
82%
79%
80%
70%
95%
93%
60%
2014
2015
2016
2017
2018
2019
2020
2021
20222
•
The 2021 Normalized AFFO Payout Ratio was impacted by a $34.9MM equity raise in March 2021, a $112.1MM equity raise in
August 2021 and a $141MM equity raise in November 2021. It was also impacted a $103.5MM acquisition completed on April 1st
with approximately 65% of the purchase price being settled in units. The cash from these activities was not fully deployed onto
planned accretive acquisitions.
The YTD Q2 2022 Normalized AFFO Payout Ratio was impacted by the 2021 activities listed above. Proforma the deployment of
cash, the REIT anticipates its AFFO Payout Ratio will return to the mid to low 80% range.
Non-IFRS Measure
1.
2.
YTD Q2 2022
Delivering Year Over Year Accretive Growth
YTD 2022, the REIT has acquired 10 industrial properties for $255.2MM, and has disposed of 1 retail property in Montreal for $8.3MM.
The REIT has ample liquidity to fund additional industrial acquisitions.
In 2021, the REIT acquired 24 industrial properties for $684.5MM, with vendors receiving $118.5MM in Class B LP Units.
NEXUS
INVESTOR PRESENTATION SEPTEMBER 2022
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