NEXUS INDUSTRIAL REIT (NXR-UN.CA) Stock Fundamental Analysis
TSX:NXR-UN - Toronto Stock Exchange - CA65344U1012 - REIT - Currency: CAD
NXR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 38 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 correct valuation and a medium growth rate. Finally NXR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NXR-UN had positive earnings in the past year.
NXR-UN had a positive operating cash flow in the past year.
Each year in the past 5 years NXR-UN has been profitable.
NXR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.14%, NXR-UN belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
The Return On Equity of NXR-UN (7.44%) is better than 86.84% of its industry peers.
The Return On Invested Capital of NXR-UN (4.42%) is better than 68.42% of its industry peers.
NXR-UN had an Average Return On Invested Capital over the past 3 years of 4.81%. This is in line with the industry average of 5.66%.
| 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 has a better Profit Margin (45.20%) than 89.47% of its industry peers.
In the last couple of years the Profit Margin of NXR-UN has declined.
With an excellent Operating Margin value of 77.98%, NXR-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of NXR-UN has grown nicely.
NXR-UN has a better Gross Margin (71.80%) than 73.68% of its industry peers.
NXR-UN's Gross Margin has improved in the last couple of years.
| 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
NXR-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NXR-UN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NXR-UN has been increased compared to 5 years ago.
Compared to 1 year ago, NXR-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.59, we must say that NXR-UN is in the distress zone and has some risk of bankruptcy.
NXR-UN's Altman-Z score of 0.59 is in line compared to the rest of the industry. NXR-UN outperforms 57.89% of its industry peers.
NXR-UN has a debt to FCF ratio of 782.60. This is a negative value and a sign of low solvency as NXR-UN would need 782.60 years to pay back of 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 97.37% 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's Debt to Equity ratio of 1.06 is in line compared to the rest of the industry. NXR-UN outperforms 57.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Altman-Z | 0.59 |
ROIC/WACC0.73
WACC6.08%
2.3 Liquidity
A Current Ratio of 0.27 indicates that NXR-UN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.27, NXR-UN is in line with its industry, outperforming 52.63% of the companies in the same industry.
NXR-UN has a Quick 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 Quick ratio of 0.27. This is comparable to the rest of the industry: NXR-UN outperforms 55.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for NXR-UN have decreased strongly by -61.17% in the last 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.
NXR-UN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.56%.
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
Based on estimates for the next years, NXR-UN will show a small growth in Earnings Per Share. The EPS will grow by 4.22% on average per year.
The Revenue is expected to grow by 5.71% on average over the next years.
EPS Next Y-1.72%
EPS Next 2Y4.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.78%
Revenue Next 2Y5.71%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.97 indicates a reasonable valuation of NXR-UN.
Based on the Price/Earnings ratio, NXR-UN is valued cheaper than 92.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.48, NXR-UN is valued rather cheaply.
NXR-UN is valuated correctly with a Price/Forward Earnings ratio of 12.12.
Based on the Price/Forward Earnings ratio, NXR-UN is valued a bit cheaper than the industry average as 71.05% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.52, NXR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 12.12 |
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 81.58% of the companies in the same industry.
NXR-UN's Price/Free Cash Flow ratio is rather expensive when compared to the industry. NXR-UN is more expensive than 94.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 303.49 | ||
| EV/EBITDA | 14.06 |
4.3 Compensation for Growth
NXR-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.22%
EPS Next 3YN/A
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 7.95.
Compared to an average S&P500 Dividend Yield of 2.34, 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
53.61% of the earnings are spent on dividend by NXR-UN. 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 3YN/A
TSX:NXR-UN (7/17/2025, 7:00:00 PM)
7.71
-0.1 (-1.28%)
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 Cap548.41M
Analysts70.77
Price Target8.19 (6.23%)
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)-1.37%
PT rev (3m)-7.07%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.97 | ||
| Fwd PE | 12.12 | ||
| P/S | 3.07 | ||
| P/FCF | 303.49 | ||
| P/OCF | 32.01 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 14.06 |
EPS(TTM)0.86
EY11.15%
EPS(NY)0.64
Fwd EY8.25%
FCF(TTM)0.03
FCFY0.33%
OCF(TTM)0.24
OCFY3.12%
SpS2.51
BVpS15.27
TBVpS15.27
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 | 0.59 |
F-Score4
WACC6.08%
ROIC/WACC0.73
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-1.72%
EPS Next 2Y4.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%7.59%
Revenue Next Year5.78%
Revenue Next 2Y5.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.6%
EBIT growth 3YN/A
EBIT growth 5Y30.63%
EBIT Next Year-2.7%
EBIT Next 3YN/A
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%