Nexus Industrial REIT reported strong results for the third quarter of 2025, completing two new industrial projects adding $6.6 million in annual stabilized NOI. Leasing activities improved with a 96% industrial occupancy rate. Net income was $3.4 million, driven by NOI of $32.2 million. Year-to-date highlights include increased industrial Same Property NOI and completed developments. Adjusted EBITDA for the trailing twelve months ended September 30, 2025, was $120.5 million, up from $115.7 million the previous year. Adjusted net debt as of September 30, 2025, was $1.23 billion. The REIT anticipates Same Property NOI growth of approximately 3% for the full year 2025. Earnings call scheduled for November 13, 2025, to review financial results and operations. November and December distributions announced, with a cash distribution of $0.05333 per unit payable December 15, 2025, and January 15, 2026. Nexus Industrial REIT is focused on delivering total unitholder return through long-term growth as a Canada-focused pure-play industrial REIT.

Read more at GlobeNewswire: Nexus Industrial REIT Announces Third Quarter 2025