Nexus Industrial REIT reported strong results for Q2 2025, with a 5.6% growth in normalized FFO per unit and 2.8% growth in industrial SPNOI compared to the previous year. They completed strategic property dispositions, advanced on key construction projects, and saw a net loss of $7.6 million.

For the year-to-date 2025, the REIT completed its transition to a pure-play industrial REIT, selling off non-core properties and advancing on development projects. They reported a net income of $25.5 million, an increase in NOI by 5.0%, and growth in industrial Same Property NOI by 4.3%.

The REIT is focused on delivering long-term growth and anticipates mid-single digit growth in Same Property NOI for the year. They expect positive spreads between market and in-place rental rates to benefit their industrial portfolio. Completion of two significant development projects is also expected to add $6.6 million in annual stabilized NOI.

Adjusted EBITDA for the trailing twelve months ended June 30, 2025, was $121.9 million, reflecting the REIT’s financial performance. Adjusted net debt stood at $1.14 billion as of June 30, 2025, after accounting for liabilities and cash on hand. The REIT will make cash distributions in October and November 2025.

Nexus Industrial REIT remains focused on its strategy as a Canada-focused pure-play industrial REIT, aiming to provide total unitholder return through sustainable growth. Management will host an earnings call on August 12, 2025, to discuss the financial results and operations.

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