Nexus Industrial REIT Announces Third Quarter 2026 Financial Results
Globe Newswire•05/11/2026•19:25 ET
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Key Highlights
- ➤Net income $31.9 million, up $28.4 million year over year
- ➤NOI $34.7 million, up 7.8% year over year
- ➤Industrial occupancy 97%, while Same Property NOI rose 4.2%
- ➤$300 million Series C debentures issued at 4.563% for 3.5 years
- ➤225,480 square feet renewed at a 29% average rent spread
Expert Statements
Kelly Hanczyk, CEO of Nexus Industrial REIT
“I am thrilled with our third quarter results, as we continued to make progress as a Canada-focused pure-play industrial REIT.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“We delivered excellent financial results, highlighted by a normalized AFFO payout ratio of 95.6% in the quarter.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“We realized sequential growth in all key metrics such as NOI, Adjusted EBITDA, FFO and AFFO.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“These results were driven by strong operations, including a 97% occupancy, and healthy industrial Same Property NOI growth, as well as our development and capital recycling programs.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“We also completed our third investment grade bond offering, raising $300 million, which lowers our cost of capital while reducing risk.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“I am increasingly excited by our growth options.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“I have never been more optimistic and excited for the future: we have first-class portfolio, strong operating platform, investment-grade balance sheet, and exceptional growth opportunities.”
Kelly Hanczyk, CEO of Nexus Industrial REIT
“I am confident that our strategy will continue to be rewarding for our unitholders”
Net Income improved to $31.9 million; Normalized AFFO payout ratio(()(2)()) improved to 95.6%
Strong operating performance driven by a healthy industrial occupancy((1)) of 97%
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