TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) introduced in the present day that it intends to launch its monetary outcomes for the quarter ended September 30, 2022 on Monday, November 14, 2022 after the shut of the market.
Management of the REIT will host a convention name at 1:00 PM Eastern Standard Time on Tuesday November 15, 2022 to assessment the monetary outcomes and operations.
To take part within the convention name, please dial 416-915-3239 or 1-800-319-4610 (toll free in Canada and the US) at the very least 5 minutes previous to the beginning time and ask to affix the Nexus Industrial REIT convention name.
A recording of the convention name will likely be out there till December 15, 2022. To entry the recording, please dial 604-674-8052 or 1-855-669-9658 (toll free in Canada and the US) and enter entry code 9580.
October and November 2022 Distributions
The REIT will make a money distribution within the quantity of $0.05333 per unit, representing $0.64 per unit on an annualized foundation, payable November 15, 2022 to unitholders of report as of October 31, 2022.
The REIT may even make a money distribution within the quantity of $0.05333 per unit, representing $0.64 per unit on an annualized foundation, payable December 15, 2022 to unitholders of report as of November 30, 2022.
The REIT’s distribution reinvestment plan (“DRIP”) entitles eligible unitholders to elect to obtain all, or a portion of the money distributions of the REIT reinvested in items of the REIT. Eligible unitholders who so elect will obtain a bonus distribution of items equal to 4% of every distribution that was reinvested by them below the DRIP.
About Nexus Industrial REIT
Nexus is a growth-oriented actual property funding belief targeted on growing unitholder worth by means of the acquisition of commercial properties situated in main and secondary markets in Canada and probably together with the United States, and the possession and administration of its portfolio of properties. The REIT at present owns a portfolio of 109 properties (together with two properties held for improvement wherein the REIT has an 80% curiosity) comprising roughly 10.6 million sq. ft of gross leasable space. The REIT has roughly 58,548,000 Units issued and excellent. Additionally, there are Class B LP Units of subsidiary restricted partnerships of Nexus issued and excellent, that are convertible into roughly 20,724,000 Units.
For additional info please contact:
Kelly C. Hanczyk, CEO at (416) 906-2379 or
Rob Chiasson, CFO at (416) 613-1262.
