Nexus Industrial REIT Announces September Distribution


TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) introduced at this time the declaration of the September 2022 distribution.

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 October 14, 2022 to unitholders of document as of September 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 models of the REIT. Eligible unitholders who so elect will obtain a bonus distribution of models 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 centered on rising unitholder worth by the acquisition of commercial properties positioned 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 the moment owns a portfolio of 109 properties (together with two properties held for growth wherein the REIT has an 80% curiosity) comprising roughly 10.7 million sq. toes of gross leasable space. The REIT has roughly 58,519,000 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.

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