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

Canada - TSX:NXR-UN - CA65344U1012 - REIT

8.04 CAD
0 (0%)
Last: 10/24/2025, 7:00:00 PM
Fundamental Rating

4

Overall NXR-UN gets a fundamental rating of 4 out of 10. We evaluated NXR-UN against 36 industry peers in the Diversified REITs industry. There are concerns on the financial health of NXR-UN while its profitability can be described as average. NXR-UN is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.14%, NXR-UN is in line with its industry, outperforming 60.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.75%, NXR-UN is in line with its industry, outperforming 60.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.15%, NXR-UN is doing worse than 68.57% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NXR-UN is in line with the industry average of 5.56%.
Industry RankSector Rank
ROA 1.14%
ROE 2.75%
ROIC 3.15%
ROA(3y)5.38%
ROA(5y)5.35%
ROE(3y)12.81%
ROE(5y)12.75%
ROIC(3y)4.8%
ROIC(5y)N/A
NXR-UN.CA Yearly ROA, ROE, ROICNXR-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

The Profit Margin of NXR-UN (16.60%) is better than 62.86% 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 54.85%, NXR-UN is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
NXR-UN's Operating Margin has improved in the last couple of years.
NXR-UN's Gross Margin of 72.87% is fine compared to the rest of the industry. NXR-UN outperforms 77.14% of its industry peers.
NXR-UN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 54.85%
PM (TTM) 16.6%
GM 72.87%
OM growth 3YN/A
OM growth 5Y5.36%
PM growth 3Y-22.63%
PM growth 5Y-6.03%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80 100

2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NXR-UN is destroying value.
The number of shares outstanding for NXR-UN has been increased compared to 1 year ago.
NXR-UN has more shares outstanding than it did 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 2015 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 2015 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 0.51, we must say that NXR-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.51, NXR-UN perfoms like the industry average, outperforming 48.57% of the companies in the same industry.
NXR-UN has a debt to FCF ratio of 140.81. This is a negative value and a sign of low solvency as NXR-UN would need 140.81 years to pay back of all of its debts.
NXR-UN's Debt to FCF ratio of 140.81 is on the low side compared to the rest of the industry. NXR-UN is outperformed by 88.57% of its industry peers.
A Debt/Equity ratio of 1.05 is on the high side and indicates that NXR-UN has dependencies on debt financing.
NXR-UN's Debt to Equity ratio of 1.05 is fine compared to the rest of the industry. NXR-UN outperforms 62.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.05
Debt/FCF 140.81
Altman-Z 0.51
ROIC/WACC0.54
WACC5.86%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.20 indicates that NXR-UN may have some problems paying its short term obligations.
NXR-UN has a Current ratio of 0.20. This is comparable to the rest of the industry: NXR-UN outperforms 45.71% of its industry peers.
NXR-UN has a Quick Ratio of 0.20. 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.
Looking at the Quick ratio, with a value of 0.20, NXR-UN is in line with its industry, outperforming 48.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.2
Quick Ratio 0.2
NXR-UN.CA Yearly Current Assets VS Current LiabilitesNXR-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

4

3. Growth

3.1 Past

NXR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -82.90%.
NXR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.47% yearly.
Looking at the last year, NXR-UN shows a small growth in Revenue. The Revenue has grown by 5.79% in the last 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)-82.9%
EPS 3Y-18.62%
EPS 5Y-7.47%
EPS Q2Q%-117.02%
Revenue 1Y (TTM)5.79%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%-4.35%

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 4.40% yearly.
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

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
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

3

4. Valuation

4.1 Price/Earnings Ratio

NXR-UN is valuated quite expensively with a Price/Earnings ratio of 25.94.
NXR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. NXR-UN is cheaper than 65.71% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.89. NXR-UN is around the same levels.
Based on the Price/Forward Earnings ratio of 12.64, the valuation of NXR-UN can be described as correct.
NXR-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NXR-UN is cheaper than 68.57% of the companies in the same industry.
NXR-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.99.
Industry RankSector Rank
PE 25.94
Fwd PE 12.64
NXR-UN.CA Price Earnings VS Forward Price EarningsNXR-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

NXR-UN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NXR-UN is cheaper than 65.71% of the companies in the same industry.
74.29% of the companies in the same industry are cheaper than NXR-UN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 56.37
EV/EBITDA 20.64
NXR-UN.CA Per share dataNXR-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

The decent 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%

6

5. Dividend

5.1 Amount

NXR-UN has a Yearly Dividend Yield of 6.69%, which is a nice return.
NXR-UN's Dividend Yield is comparable with the industry average which is at 7.89.
Compared to an average S&P500 Dividend Yield of 2.31, NXR-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.69%

5.2 History

The dividend of NXR-UN has a limited annual growth rate of 0.97%.
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)0.97%
Div Incr Years1
Div Non Decr Years4
NXR-UN.CA Yearly Dividends per shareNXR-UN.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

156.62% of the earnings are spent on dividend by NXR-UN. This is not a sustainable payout ratio.
NXR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP156.62%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
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 2015 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

NEXUS INDUSTRIAL REIT

TSX:NXR-UN (10/24/2025, 7:00:00 PM)

8.04

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)08-12 2025-08-12
Earnings (Next)11-13 2025-11-13
Inst Owners12.18%
Inst Owner ChangeN/A
Ins Owners1.12%
Ins Owner ChangeN/A
Market Cap573.25M
Revenue(TTM)176.95M
Net Income(TTM)29.37M
Analysts70
Price Target8.48 (5.47%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.69%
Yearly Dividend0.45
Dividend Growth(5Y)0.97%
DP156.62%
Div Incr Years1
Div Non Decr Years4
Ex-Date10-31 2025-10-31 (0.05333)
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)0%
PT rev (3m)3.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.87%
Valuation
Industry RankSector Rank
PE 25.94
Fwd PE 12.64
P/S 3.24
P/FCF 56.37
P/OCF 20.6
P/B 0.54
P/tB 0.54
EV/EBITDA 20.64
EPS(TTM)0.31
EY3.86%
EPS(NY)0.64
Fwd EY7.91%
FCF(TTM)0.14
FCFY1.77%
OCF(TTM)0.39
OCFY4.85%
SpS2.48
BVpS14.96
TBVpS14.96
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.22
Profitability
Industry RankSector Rank
ROA 1.14%
ROE 2.75%
ROCE 4.38%
ROIC 3.15%
ROICexc 3.15%
ROICexgc 3.15%
OM 54.85%
PM (TTM) 16.6%
GM 72.87%
FCFM 5.75%
ROA(3y)5.38%
ROA(5y)5.35%
ROE(3y)12.81%
ROE(5y)12.75%
ROIC(3y)4.8%
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 5Y5.36%
PM growth 3Y-22.63%
PM growth 5Y-6.03%
GM growth 3Y2.26%
GM growth 5Y2.55%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 1.05
Debt/FCF 140.81
Debt/EBITDA 11.56
Cap/Depr 14716.7%
Cap/Sales 9.98%
Interest Coverage 1.37
Cash Conversion 28.64%
Profit Quality 34.63%
Current Ratio 0.2
Quick Ratio 0.2
Altman-Z 0.51
F-Score5
WACC5.86%
ROIC/WACC0.54
Cap/Depr(3y)15077.8%
Cap/Depr(5y)11497.8%
Cap/Sales(3y)9.4%
Cap/Sales(5y)8.77%
Profit Quality(3y)24.18%
Profit Quality(5y)29.33%
High Growth Momentum
Growth
EPS 1Y (TTM)-82.9%
EPS 3Y-18.62%
EPS 5Y-7.47%
EPS Q2Q%-117.02%
EPS Next Y-3.45%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
EPS Next 5YN/A
Revenue 1Y (TTM)5.79%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%-4.35%
Revenue Next Year0.63%
Revenue Next 2Y3.83%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
EBIT growth 1Y-35.44%
EBIT growth 3YN/A
EBIT growth 5Y30.62%
EBIT Next Year-4.02%
EBIT Next 3Y2.49%
EBIT Next 5YN/A
FCF growth 1Y-72.89%
FCF growth 3Y8.39%
FCF growth 5Y5.3%
OCF growth 1Y-50.68%
OCF growth 3Y15.98%
OCF growth 5Y10.8%

NEXUS INDUSTRIAL REIT / NXR-UN.CA FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to NXR-UN.CA.


What is the valuation status for NXR-UN stock?

ChartMill assigns a valuation rating of 3 / 10 to NEXUS INDUSTRIAL REIT (NXR-UN.CA). This can be considered as Overvalued.


What is the profitability of NXR-UN stock?

NEXUS INDUSTRIAL REIT (NXR-UN.CA) has a profitability rating of 6 / 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 25.94 and the Price/Book (PB) ratio is 0.54.


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 -3.45% in the next year.