Nexus Industrial REIT management commentary attributes Q3 2026 net income growth primarily to fair value gains
Bitget2026/11/06 00:41- Nexus Industrial REIT's management commentary attributed third-quarter 2026 net income of CAD 31.88 million primarily to fair value gains.
- NOI rose 7.8% to CAD 34.69 million, driven by same-property growth, completed developments and recently acquired industrial properties.
- Higher occupancy and rental increases on renewals lifted industrial same-property NOI 4.2% to CAD 31.51 million.
- Net interest expense increased to CAD 13.88 million, reflecting higher unsecured debenture interest costs, partly offset by lower credit facility interest.
- Improved NOI helped reduce the normalized AFFO payout ratio to 95.6% from 106.9% a year earlier.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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