TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) NXR today announced the declaration of the September 2022 distribution.
The REIT will make a cash distribution of $0.05333 per unit, equal to $0.64 per unit on an annualized basis, payable on October 14, 2022 to shareholders of record as of September 30, 2022.
The REIT’s Distributions Reinvestment Plan (“DRIP”) entitles eligible shareholders to elect to have all or a portion of the REIT’s cash distributions reinvested in units of the REIT. Eligible Shareholders who elect to receive a Bonus Distribution of Shares equal to 4% of any distribution reinvested by them under the DRIP.
About Nexus Industrial REIT
Nexus is a growth-oriented real estate investment trust focused on increasing shareholder value through the acquisition of industrial real estate in primary and secondary markets in Canada and potentially including the United States, and owning and managing its real estate portfolio. The REIT currently owns a portfolio of 109 properties (including two properties held for development in which the REIT has an 80% interest) with approximately 10.7 million square feet of GLA. The REIT has approximately 58,519,000 units issued and outstanding. In addition, Nexus subsidiary limited partnerships have issued and outstanding Class B LP shares convertible into approximately 20,724,000 units.
For more information please contact:
Kelly C. Hanczyk, CEO at (416) 906-2379 or
Rob Chiasson, CFO at (416) 613-1262.
