NEXUS INDUSTRIAL REIT (NXR-UN.CA) Fundamental Analysis & Valuation

TSX:NXR-UN • CA65344U1012

7.61 CAD
-0.18 (-2.31%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NXR-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to NXR-UN. NXR-UN was compared to 35 industry peers in the Diversified REITs industry. While NXR-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. NXR-UN has a decent growth rate and is not valued too expensively. NXR-UN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. NXR-UN.CA Profitability Analysis

1.1 Basic Checks

  • NXR-UN had positive earnings in the past year.
  • In the past year NXR-UN had a positive cash flow from operations.
  • Each year in the past 5 years NXR-UN has been profitable.
  • In the past 5 years NXR-UN always reported a positive cash flow from operatings.
NXR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFNXR-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

  • With a decent Return On Assets value of 3.02%, NXR-UN is doing good in the industry, outperforming 74.29% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 7.42%, NXR-UN belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • NXR-UN's Return On Invested Capital of 4.66% is fine compared to the rest of the industry. NXR-UN outperforms 74.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NXR-UN is in line with the industry average of 5.26%.
Industry RankSector Rank
ROA 3.02%
ROE 7.42%
ROIC 4.66%
ROA(3y)5.38%
ROA(5y)5.34%
ROE(3y)12.8%
ROE(5y)12.74%
ROIC(3y)4.81%
ROIC(5y)N/A
NXR-UN.CA Yearly ROA, ROE, ROICNXR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 45.01%, NXR-UN belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
  • NXR-UN's Profit Margin has declined in the last couple of years.
  • NXR-UN's Operating Margin of 83.96% is amongst the best of the industry. NXR-UN outperforms 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of NXR-UN has grown nicely.
  • The Gross Margin of NXR-UN (73.59%) is better than 77.14% of its industry peers.
  • In the last couple of years the Gross Margin of NXR-UN has grown nicely.
Industry RankSector Rank
OM 83.96%
PM (TTM) 45.01%
GM 73.59%
OM growth 3YN/A
OM growth 5Y5.37%
PM growth 3Y-22.67%
PM growth 5Y-6.05%
GM growth 3Y2.26%
GM growth 5Y2.55%
NXR-UN.CA Yearly Profit, Operating, Gross MarginsNXR-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80 100

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2

2. NXR-UN.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NXR-UN is destroying value.
  • Compared to 1 year ago, NXR-UN has more shares outstanding
  • The number of shares outstanding for NXR-UN has been increased compared to 5 years ago.
  • NXR-UN has a better debt/assets ratio than last year.
NXR-UN.CA Yearly Shares OutstandingNXR-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
NXR-UN.CA Yearly Total Debt VS Total AssetsNXR-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.64, we must say that NXR-UN is in the distress zone and has some risk of bankruptcy.
  • NXR-UN has a Altman-Z score of 0.64. This is in the better half of the industry: NXR-UN outperforms 62.86% of its industry peers.
  • NXR-UN has a debt to FCF ratio of 367.85. This is a negative value and a sign of low solvency as NXR-UN would need 367.85 years to pay back of all of its debts.
  • NXR-UN has a Debt to FCF ratio of 367.85. This is amonst the worse of the industry: NXR-UN underperforms 85.71% of its industry peers.
  • NXR-UN has a Debt/Equity ratio of 1.11. This is a high value indicating a heavy dependency on external financing.
  • NXR-UN has a Debt to Equity ratio (1.11) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.11
Debt/FCF 367.85
Altman-Z 0.64
ROIC/WACC0.79
WACC5.88%
NXR-UN.CA Yearly LT Debt VS Equity VS FCFNXR-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.25 indicates that NXR-UN may have some problems paying its short term obligations.
  • The Current ratio of NXR-UN (0.25) is comparable to the rest of the industry.
  • A Quick Ratio of 0.25 indicates that NXR-UN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.25, NXR-UN is in line with its industry, outperforming 57.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.25
Quick Ratio 0.25
NXR-UN.CA Yearly Current Assets VS Current LiabilitesNXR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NXR-UN.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 75.97% over the past year.
  • Measured over the past years, NXR-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.52% on average per year.
  • The Revenue has been growing slightly by 0.98% in the past year.
  • NXR-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.97% yearly.
EPS 1Y (TTM)75.97%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%107.27%
Revenue 1Y (TTM)0.98%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%-4.91%

3.2 Future

  • NXR-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.87% yearly.
  • The Revenue is expected to grow by 4.26% on average over the next years.
EPS Next Y-24.14%
EPS Next 2Y3.39%
EPS Next 3Y3.87%
EPS Next 5YN/A
Revenue Next Year-0.13%
Revenue Next 2Y4.32%
Revenue Next 3Y4.26%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NXR-UN.CA Yearly Revenue VS EstimatesNXR-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
NXR-UN.CA Yearly EPS VS EstimatesNXR-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.5 1 1.5

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5

4. NXR-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.17, the valuation of NXR-UN can be described as reasonable.
  • Based on the Price/Earnings ratio, NXR-UN is valued cheaper than 94.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, NXR-UN is valued rather cheaply.
  • NXR-UN is valuated correctly with a Price/Forward Earnings ratio of 12.15.
  • Based on the Price/Forward Earnings ratio, NXR-UN is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of NXR-UN to the average of the S&P500 Index (24.57), we can say NXR-UN is valued rather cheaply.
Industry RankSector Rank
PE 9.17
Fwd PE 12.15
NXR-UN.CA Price Earnings VS Forward Price EarningsNXR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NXR-UN is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
  • NXR-UN's Price/Free Cash Flow ratio is rather expensive when compared to the industry. NXR-UN is more expensive than 82.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 184.01
EV/EBITDA 15.17
NXR-UN.CA Per share dataNXR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • NXR-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.39%
EPS Next 3Y3.87%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. NXR-UN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.69%, NXR-UN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 7.24, NXR-UN has a dividend in line with its industry peers.
  • NXR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 6.69%

5.2 History

  • The dividend of NXR-UN has a limited annual growth rate of 0.74%.
  • NXR-UN has paid a dividend for at least 10 years, which is a reliable track record.
  • NXR-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.74%
Div Incr Years1
Div Non Decr Years4
NXR-UN.CA Yearly Dividends per shareNXR-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • NXR-UN pays out 58.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • NXR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.13%
EPS Next 2Y3.39%
EPS Next 3Y3.87%
NXR-UN.CA Yearly Income VS Free CF VS DividendNXR-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
NXR-UN.CA Dividend Payout.NXR-UN.CA Dividend Payout, showing the Payout Ratio.NXR-UN.CA Dividend Payout.PayoutRetained Earnings

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NXR-UN.CA Fundamentals: All Metrics, Ratios and Statistics

NEXUS INDUSTRIAL REIT

TSX:NXR-UN (3/6/2026, 7:00:00 PM)

7.61

-0.18 (-2.31%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-06
Earnings (Next)05-12
Inst Owners3.01%
Inst Owner ChangeN/A
Ins Owners1.17%
Ins Owner ChangeN/A
Market Cap742.13M
Revenue(TTM)174.74M
Net Income(TTM)78.65M
Analysts70
Price Target8.57 (12.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.69%
Yearly Dividend0.44
Dividend Growth(5Y)0.74%
DP58.13%
Div Incr Years1
Div Non Decr Years4
Ex-Date02-27
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.13%
PT rev (3m)1.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-21.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.76%
Valuation
Industry RankSector Rank
PE 9.17
Fwd PE 12.15
P/S 4.24
P/FCF 184.01
P/OCF 31.38
P/B 0.7
P/tB 0.7
EV/EBITDA 15.17
EPS(TTM)0.83
EY10.91%
EPS(NY)0.63
Fwd EY8.23%
FCF(TTM)0.04
FCFY0.54%
OCF(TTM)0.24
OCFY3.19%
SpS1.79
BVpS10.88
TBVpS10.88
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.26
Profitability
Industry RankSector Rank
ROA 3.02%
ROE 7.42%
ROCE 6.48%
ROIC 4.66%
ROICexc 4.69%
ROICexgc 4.69%
OM 83.96%
PM (TTM) 45.01%
GM 73.59%
FCFM 2.31%
ROA(3y)5.38%
ROA(5y)5.34%
ROE(3y)12.8%
ROE(5y)12.74%
ROIC(3y)4.81%
ROIC(5y)N/A
ROICexc(3y)4.83%
ROICexc(5y)N/A
ROICexgc(3y)4.83%
ROICexgc(5y)N/A
ROCE(3y)6.67%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-1.22%
ROICexc growth 3YN/A
ROICexc growth 5Y-1.22%
OM growth 3YN/A
OM growth 5Y5.37%
PM growth 3Y-22.67%
PM growth 5Y-6.05%
GM growth 3Y2.26%
GM growth 5Y2.55%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 1.11
Debt/FCF 367.85
Debt/EBITDA 8.01
Cap/Depr 16204.1%
Cap/Sales 11.22%
Interest Coverage 2.05
Cash Conversion 16.1%
Profit Quality 5.13%
Current Ratio 0.25
Quick Ratio 0.25
Altman-Z 0.64
F-Score5
WACC5.88%
ROIC/WACC0.79
Cap/Depr(3y)15016.5%
Cap/Depr(5y)11461%
Cap/Sales(3y)9.43%
Cap/Sales(5y)8.79%
Profit Quality(3y)24.1%
Profit Quality(5y)29.28%
High Growth Momentum
Growth
EPS 1Y (TTM)75.97%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%107.27%
EPS Next Y-24.14%
EPS Next 2Y3.39%
EPS Next 3Y3.87%
EPS Next 5YN/A
Revenue 1Y (TTM)0.98%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%-4.91%
Revenue Next Year-0.13%
Revenue Next 2Y4.32%
Revenue Next 3Y4.26%
Revenue Next 5YN/A
EBIT growth 1Y93.16%
EBIT growth 3YN/A
EBIT growth 5Y30.63%
EBIT Next Year-5.1%
EBIT Next 3Y2.13%
EBIT Next 5YN/A
FCF growth 1Y-84.26%
FCF growth 3Y7.95%
FCF growth 5Y5.04%
OCF growth 1Y-50.17%
OCF growth 3Y15.94%
OCF growth 5Y10.78%

NEXUS INDUSTRIAL REIT / NXR-UN.CA FAQ

Can you provide the ChartMill fundamental rating for NEXUS INDUSTRIAL REIT?

ChartMill assigns a fundamental rating of 5 / 10 to NXR-UN.CA.


What is the valuation status of NEXUS INDUSTRIAL REIT (NXR-UN.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to NEXUS INDUSTRIAL REIT (NXR-UN.CA). This can be considered as Fairly Valued.


What is the profitability of NXR-UN stock?

NEXUS INDUSTRIAL REIT (NXR-UN.CA) has a profitability rating of 7 / 10.


What is the valuation of NEXUS INDUSTRIAL REIT based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NEXUS INDUSTRIAL REIT (NXR-UN.CA) is 9.17 and the Price/Book (PB) ratio is 0.7.


What is the expected EPS growth for NEXUS INDUSTRIAL REIT (NXR-UN.CA) stock?

The Earnings per Share (EPS) of NEXUS INDUSTRIAL REIT (NXR-UN.CA) is expected to decline by -24.14% in the next year.