NEXUS INDUSTRIAL REIT (NXR-UN.CA) Stock Fundamental Analysis
Canada - TSX:NXR-UN - CA65344U1012 - REIT
7.98 CAD
+0.01 (+0.13%)
NXR-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 35 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.
1. Profitability
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.
In the past 5 years NXR-UN has always been profitable.
NXR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NXR-UN has a Return On Assets (1.14%) which is in line with its industry peers.
NXR-UN has a Return On Equity (2.75%) which is in line with its industry peers.
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.
The Average Return On Invested Capital over the past 3 years for NXR-UN is in line with the industry average of 5.08%.
| Industry Rank | Sector 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
1.3 Margins
NXR-UN has a better Profit Margin (16.60%) than 62.86% of its industry peers.
In the last couple of years the Profit Margin of NXR-UN has declined.
With a decent Operating Margin value of 54.85%, NXR-UN is doing good in 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 has a Gross Margin of 72.87%. This is in the better half 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 Rank | Sector 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%
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.
Compared to 1 year ago, NXR-UN has more shares outstanding
Compared to 5 years ago, NXR-UN has more shares outstanding
Compared to 1 year ago, NXR-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that NXR-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NXR-UN (0.50) is comparable to the rest of the industry.
The Debt to FCF ratio of NXR-UN is 140.81, which is on the high side as it means it would take NXR-UN, 140.81 years of fcf income to pay off all of its debts.
NXR-UN has a worse Debt to FCF ratio (140.81) than 88.57% of its industry peers.
NXR-UN has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.05, NXR-UN is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 140.81 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.54
WACC5.85%
2.3 Liquidity
A Current Ratio of 0.20 indicates that NXR-UN may have some problems paying its short term obligations.
NXR-UN's Current ratio of 0.20 is in line compared to the rest of the industry. NXR-UN outperforms 45.71% of its industry peers.
A Quick Ratio of 0.20 indicates that NXR-UN may have some problems paying its short term obligations.
NXR-UN has a Quick ratio of 0.20. This is comparable to the rest of the industry: NXR-UN outperforms 48.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
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.
The Revenue has been growing slightly by 5.79% in the past year.
The Revenue has been growing by 23.97% on average over the past years. This is a very strong growth!
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
Based on estimates for the next years, NXR-UN will show a small growth in Earnings Per Share. The EPS will grow by 4.40% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.74, NXR-UN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, NXR-UN is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.57, NXR-UN is valued at the same level.
The Price/Forward Earnings ratio is 12.54, which 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 68.57% of the companies in the same industry.
NXR-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.74 | ||
| Fwd PE | 12.54 |
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.
Based on the Price/Free Cash Flow ratio, NXR-UN is valued a bit more expensive than 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.95 | ||
| EV/EBITDA | 20.59 |
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%
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 7.89, 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 2.32.
| Industry Rank | Sector 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
5.3 Sustainability
NXR-UN pays out 156.62% of its income as dividend. This is not a sustainable payout ratio.
The dividend of NXR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP156.62%
EPS Next 2Y4.22%
EPS Next 3Y4.4%
TSX:NXR-UN (10/22/2025, 7:00:00 PM)
7.98
+0.01 (+0.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.18%
Inst Owner ChangeN/A
Ins Owners1.12%
Ins Owner ChangeN/A
Market Cap568.97M
Revenue(TTM)176.95M
Net Income(TTM)29.37M
Analysts70
Price Target8.48 (6.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Yearly Dividend0.45
Dividend Growth(5Y)0.97%
DP156.62%
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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.74 | ||
| Fwd PE | 12.54 | ||
| P/S | 3.22 | ||
| P/FCF | 55.95 | ||
| P/OCF | 20.44 | ||
| P/B | 0.53 | ||
| P/tB | 0.53 | ||
| EV/EBITDA | 20.59 |
EPS(TTM)0.31
EY3.88%
EPS(NY)0.64
Fwd EY7.97%
FCF(TTM)0.14
FCFY1.79%
OCF(TTM)0.39
OCFY4.89%
SpS2.48
BVpS14.96
TBVpS14.96
PEG (NY)N/A
PEG (5Y)N/A
Graham Number10.22
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.5 |
F-Score5
WACC5.85%
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%