Investor Presentation September 2023
Industrial Portfolio - Mark to Market
Enhanced Industrial Leasing Spreads¹
$18.00
+30%
$16.00
$14.00
+51%
+1%
+11%
+17%
$12.00
$10.00
$8.00
$6.00
$4.00
Ontario
4.4MM sf
Alberta
2.6MM sf
Saskatchewan
1.6MM sf
Quebec
1.1MM sf
Other
600k sf
Current Rent PSF
Market Rent PSF
Capitalizing on Below Market Rental Rates1
•
24% mark-to-market throughout the entire industrial portfolio.
•
The REIT owns ~2.3MM sf in London, ON with an
average net rental rate of $7.00 psf. Vacancy in
London is at ~0.6%, and rental rates continue to rise;
currently at ~$11.50 psf, representing a mark-to-
market opportunity of ~65%.
In addition to significant upside upon renewal, the majority of
the REIT's leases have strong contractual growth.
As of June 30, 2023
1.
NEXUS
INVESTOR PRESENTATION SEPTEMBER 2023
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