Nexus Industrial REIT Announces Distributions for September and October

TORONTO, Sept. 5, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) today announced the announcement of its September and October 2024 distributions.

The REIT will make a cash distribution of $0.05333 per unit, representing an annualized rate of $0.64 per unit, payable on October 15, 2024 to holders of units of record as of September 30, 2024.

The REIT will also make a cash distribution of $0.05333 per unit, representing $0.64 per unit on an annual basis, payable on November 15, 2024 to holders of units of record as of October 31, 2024.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties in primary and secondary markets in Canada and the ownership and management of its real estate portfolio. The REIT currently owns a portfolio of 119 properties (including two properties held for development in which the REIT has an 80% interest) with approximately 13.0 million square feet of gross leasable area. The REIT has approximately 94,152,000 voting units issued and outstanding, including approximately 70,742,000 REIT units and approximately 23,410,000 Class B LP units of limited liability subsidiaries of Nexus, which are convertible into REIT units on a one-for-one basis.

For further information please contact:

Kelly C. Hanczyk, CEO at (416) 906-2379; or
Mike Rawle, CFO at (289) 837-2650.