NEXUS INVESTOR PRESENTATION
Key Takeaways
Nexus provides investors the
opportunity to participate in
early growth stages of an
industrial vehicle that acquires
and operates quality real estate
assets across Canada at a
valuation that represents a
significant discount compared
to industrial REITs.
At the recent $9.72 trading
price, the REIT's units are
trading at a 13.5x multiple of
2022E AFFO per unit¹. The
average multiple for industrial
REITS is 20.2x.
1.
Robust pipeline of industrial acquisition opportunities
combined with opportunity to add significant GLA to
existing assets in the South Western Ontario, Regina
and Calgary markets
Opportunity for multiple expansion, with the REIT
trading at roughly half of industrial multiples on a
portfolio that is 84.9% industrial by NOI.
3. The REIT has access to ample liquidity
4.
5.
Attractive current distribution yield at ~6.6%
Conservative capital structure with Debt to Assets less
than 50%
6. AFFO payout is expected to drop towards the mid to
low 80% level in 20221
7. Significant development opportunities across the
portfolio
8. ~74,000 sf addition at Richmond, BC has the potential
to create $16MM-$20MM in value
9. Strong historical performance with consistent AFFO per
unit and NOI growth
1. Non-IFRS Measure
NEXUS
INVESTOR PRESENTATION SEPTEMBER 2022
15View entire presentation