Nexus Industrial REIT Announces May and June Distributions
07 Mayo 2024 - 5:08PM
Nexus Industrial REIT (“Nexus” or the "REIT") (TSX: NXR.UN)
announced today the declaration of the May and June 2024
distributions.
The REIT will make a cash distribution in the
amount of $0.05333 per unit, representing $0.64 per unit on an
annualized basis, payable June 14, 2024, to unitholders of record
as of May 31, 2024.
The REIT will also make a cash distribution in
the amount of $0.05333 per unit, representing $0.64 per unit on an
annualized basis, payable July 15, 2024, to unitholders of record
as of June 28, 2024.
The REIT’s distribution reinvestment plan
(“DRIP”) entitles eligible unitholders to elect to receive all, or
a portion of the cash distributions of the REIT reinvested in units
of the REIT. Eligible unitholders who so elect will receive a bonus
distribution of units equal to 4% of each distribution that was
reinvested by them under the DRIP.
About Nexus Industrial REIT
Nexus is a growth-oriented real estate
investment trust focused on increasing unitholder value through the
acquisition of industrial properties located in primary and
secondary markets in Canada and the ownership and management of its
portfolio of properties. The REIT currently owns a portfolio of 117
properties (including two properties held for development in which
the REIT has an 80% interest) comprising approximately 12.5 million
square feet of gross leasable area. The REIT has approximately
93,506,000 voting units issued and outstanding, including
approximately 68,895,000 REIT Units and approximately 24,611,000
Class B LP Units of subsidiary limited partnerships of Nexus, which
are convertible to REIT Units on a one-to-one basis.
For further information please contact:
Kelly C. Hanczyk, CEO at (416) 906-2379; orMike
Rawle, CFO at (289) 837-2650.