Nexus Industrial REIT Q3 2025 Earnings Recap

Nexus Industrial REIT delivered strong third-quarter results with robust leasing activity and significant new developments, solidifying its position as a pure-play industrial REIT.

Key Takeaways

• Completed 440,000 square feet of new industrial development, expected to generate $6.6 million in annual stabilized NOI with an attractive 9.4% unlevered return.
• Achieved a 2.9% increase in same-property NOI during the quarter driven by strong organic growth and averaging 60% leasing spreads on renewals.
• Successfully signed a 15-year lease for a 223,000 square foot property with one of Canada’s largest construction firms, enhancing the quality of the tenant base.
• Industrial occupancy rose to 96%, reinforcing demand and operational efficiency across the portfolio.