NEXUS INDUSTRIAL REIT (NXR-UN.CA) Stock Fundamental Analysis
Canada - TSX:NXR-UN - CA65344U1012 - REIT
7.83 CAD
+0.02 (+0.26%)
Taking everything into account, NXR-UN scores 5 out of 10 in our fundamental rating. NXR-UN was compared to 37 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. Finally NXR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year NXR-UN was profitable.
In the past year NXR-UN had a positive cash flow from operations.
NXR-UN had positive earnings in each of the past 5 years.
In the past 5 years NXR-UN always reported a positive cash flow from operatings.
1.2 Ratios
NXR-UN's Return On Assets of 3.14% is amongst the best of the industry. NXR-UN outperforms 91.89% of its industry peers.
NXR-UN has a better Return On Equity (7.44%) than 89.19% of its industry peers.
With an excellent Return On Invested Capital value of 4.42%, NXR-UN belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NXR-UN is in line with the industry average of 5.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.44% | ||
| ROIC | 4.42% |
ROA(3y)5.38%
ROA(5y)5.34%
ROE(3y)12.8%
ROE(5y)12.74%
ROIC(3y)4.81%
ROIC(5y)N/A
1.3 Margins
NXR-UN's Profit Margin of 45.20% is amongst the best of the industry. NXR-UN outperforms 94.59% of its industry peers.
In the last couple of years the Profit Margin of NXR-UN has declined.
Looking at the Operating Margin, with a value of 77.98%, NXR-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
NXR-UN's Operating Margin has improved in the last couple of years.
The Gross Margin of NXR-UN (71.80%) is better than 75.68% of its industry peers.
In the last couple of years the Gross Margin of NXR-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.98% | ||
| PM (TTM) | 45.2% | ||
| GM | 71.8% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NXR-UN is destroying value.
The number of shares outstanding for NXR-UN has been increased compared to 1 year ago.
Compared to 5 years ago, NXR-UN has more shares outstanding
The debt/assets ratio for NXR-UN has been reduced compared to a year ago.
2.2 Solvency
NXR-UN has an Altman-Z score of 0.60. This is a bad value and indicates that NXR-UN is not financially healthy and even has some risk of bankruptcy.
NXR-UN has a Altman-Z score (0.60) which is comparable to the rest of the industry.
The Debt to FCF ratio of NXR-UN is 782.60, which is on the high side as it means it would take NXR-UN, 782.60 years of fcf income to pay off all of its debts.
NXR-UN has a Debt to FCF ratio of 782.60. This is amonst the worse of the industry: NXR-UN underperforms 89.19% of its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that NXR-UN has dependencies on debt financing.
NXR-UN has a Debt to Equity ratio (1.06) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.72
WACC6.16%
2.3 Liquidity
NXR-UN has a Current Ratio of 0.27. This is a bad value and indicates that NXR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
NXR-UN has a Current ratio (0.27) which is comparable to the rest of the industry.
A Quick Ratio of 0.27 indicates that NXR-UN may have some problems paying its short term obligations.
NXR-UN has a Quick ratio of 0.27. This is comparable to the rest of the industry: NXR-UN outperforms 59.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
NXR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.17%.
NXR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.52% yearly.
The Revenue has grown by 10.56% in the past year. This is quite good.
The Revenue has been growing by 23.97% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-61.17%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%-25.34%
Revenue 1Y (TTM)10.56%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%7.59%
3.2 Future
The Earnings Per Share is expected to grow by 4.40% on average over the next years.
The Revenue is expected to grow by 3.64% on average over the next years.
EPS Next Y-3.45%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
EPS Next 5YN/A
Revenue Next Year0.63%
Revenue Next 2Y3.83%
Revenue Next 3Y3.64%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.10, the valuation of NXR-UN can be described as reasonable.
94.59% of the companies in the same industry are more expensive than NXR-UN, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.41. NXR-UN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.31 indicates a correct valuation of NXR-UN.
NXR-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NXR-UN is cheaper than 70.27% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, NXR-UN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 12.31 |
4.2 Price Multiples
NXR-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NXR-UN is cheaper than 86.49% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NXR-UN indicates a rather expensive valuation: NXR-UN more expensive than 89.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 308.95 | ||
| EV/EBITDA | 14.13 |
4.3 Compensation for Growth
The excellent profitability rating of NXR-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.22%
EPS Next 3Y4.4%
5. Dividend
5.1 Amount
NXR-UN has a Yearly Dividend Yield of 6.69%, which is a nice return.
Compared to an average industry Dividend Yield of 7.90, NXR-UN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, NXR-UN pays a better dividend.
| Industry Rank | Sector 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 been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
NXR-UN pays out 53.61% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of NXR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP53.61%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
TSX:NXR-UN (9/18/2025, 7:00:00 PM)
7.83
+0.02 (+0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners13.11%
Inst Owner ChangeN/A
Ins Owners1.13%
Ins Owner ChangeN/A
Market Cap558.28M
Analysts70
Price Target8.48 (8.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Yearly Dividend0.44
Dividend Growth(5Y)0.74%
DP53.61%
Div Incr Years1
Div Non Decr Years4
Ex-Date
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)4.72%
PT rev (3m)2.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.75%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-3.33%
Revenue NY rev (3m)-4.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 12.31 | ||
| P/S | 3.12 | ||
| P/FCF | 308.95 | ||
| P/OCF | 32.58 | ||
| P/B | 0.51 | ||
| P/tB | 0.51 | ||
| EV/EBITDA | 14.13 |
EPS(TTM)0.86
EY10.98%
EPS(NY)0.64
Fwd EY8.13%
FCF(TTM)0.03
FCFY0.32%
OCF(TTM)0.24
OCFY3.07%
SpS2.51
BVpS15.23
TBVpS15.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.44% | ||
| ROCE | 6.14% | ||
| ROIC | 4.42% | ||
| ROICexc | 4.42% | ||
| ROICexgc | 4.42% | ||
| OM | 77.98% | ||
| PM (TTM) | 45.2% | ||
| GM | 71.8% | ||
| FCFM | 1.01% |
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
ROICexcg growth 3YN/A
ROICexcg 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-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Debt/EBITDA | 8.26 | ||
| Cap/Depr | 12666.1% | ||
| Cap/Sales | 8.57% | ||
| Interest Coverage | 1.97 | ||
| Cash Conversion | 12.27% | ||
| Profit Quality | 2.24% | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.6 |
F-Score4
WACC6.16%
ROIC/WACC0.72
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)-61.17%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%-25.34%
EPS Next Y-3.45%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%7.59%
Revenue Next Year0.63%
Revenue Next 2Y3.83%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
EBIT growth 1Y-7.6%
EBIT growth 3YN/A
EBIT growth 5Y30.63%
EBIT Next Year-2.7%
EBIT Next 3Y2.57%
EBIT Next 5YN/A
FCF growth 1Y-94.21%
FCF growth 3Y7.95%
FCF growth 5Y5.04%
OCF growth 1Y-61.33%
OCF growth 3Y15.94%
OCF growth 5Y10.78%