TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) in the present day introduced the declaration of the September 2022 distribution.
The REIT can pay a money distribution of $0.05333 per unit, representing $0.64 per unit on an annualized foundation, payable on October 14, 2022 to unitholders of file as of September 30, 2022.
The REIT’s Distribution Reinvestment Plan (higher often known as “DRIP”) permits eligible unitholders to elect to have all or a portion of the REIT’s money today techs distributions reinvested in further items of the REIT. Eligible unitholders who select this selection will thus obtain a further distribution of items equal to 4% of every distribution that has been reinvested by them beneath the DRIP.
About Nexus Industrial REIT
Nexus REIT is a growth-oriented actual property funding belief dedicated to creating worth for its unitholders by means of the acquisition of business properties situated in main and secondary markets in Canada and doubtlessly the US, and the possession and administration of the properties in its today techs portfolio. The REIT at the moment owns a portfolio today techs of 109 properties (together with two properties held for improvement wherein the REIT has an 80% curiosity) today techs with a gross leasable space of roughly 10.7 million of sq. toes. Nexus REIT has roughly 58,519,000 Items issued and excellent. As well as, there are Class B restricted partnership items of subsidiary restricted partnerships of Nexus REIT issued and excellent that are convertible into roughly 20,724,000 REIT Items.
For additional info, please contact:
Kelly C. Hanczyk, CEO at 416 906-2379 today techs or
Rob Chiasson, Chief Monetary Officer at 416 613-1262.