NEXUS INVESTOR PRESENTATION
Favourable Pricing Metrics
Price /
Last Price (1)
Units
O/S
Market
Cap (2)
Distribution
Current FFO
Yield
AFFO
Price / AFFO
Prem./Disc.
FFO
NAV
2022E
2022E
2022E
2022E
to NAV
Nexus Industrial REIT
$
9.72
79.2 $
770 $
0.64
6.58% $ 0.82
11.9x
$ 0.72
13.5x
12.30
-21.0%
Industrial REITS
Dream Industrial REIT
$
11.83
273.8 $
3,239 $
0.70
Granite REIT
$
73.30
Summit Industrial REIT
$
18.36
65.4 $
189.9 $
4,795 $
3,487 $
3.10
0.58
Weighted Industrial
5.92% $ 0.88
4.23% $ 4.32
3.16% $ 0.76
4.38%
13.4x $ 0.79
17.0x $ 3.99
24.2x $ 0.67
18.2x
15.0x $ 15.53
18.4x $ 90.73
27.4x $ 19.79
20.2x
-23.8%
-19.2%
-7.2%
-16.9%
Average
Nexus currently has an approximately 85% industrial weighting.
Nexus trades at a 13.5x multiple of 2022 analyst consensus AFFO per unit as compared to an average of 20.4x for its industrial
REIT peers.(3)
Current valuation provides substantial trading price upside as Nexus continues moving towards becoming a pure play industrial
REIT.
1.
Based on trading price as at May 18, 2022
2.
Millions of Dollars
3.
Non-IFRS Measure
NEXUS
INVESTOR PRESENTATION SEPTEMBER 2022
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