Nexus Industrial REIT posts Q2 net loss as fair value writedowns and higher financing costs outweigh NOI gains, company says

Reuters2026/08/11 00:07

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For the three months ended June 30, 2026, NOI rose 6.2% to CAD 34.1 million, driven by completed developments, expansions, leasing gains.
Industrial occupancy increased to 97% from 95% at March 31, supported by 241,374 sq. ft. of new leases.
Renewed 379,916 sq. ft. at a 6% spread over expiring in-place rents, reflecting market rent re-leasing across the portfolio.
Net loss was CAD 12.8 million, reflecting CAD 26.5 million of fair value losses, finance expense of CAD 18.3 million.
Normalized AFFO per unit fell to CAD 0.154 from CAD 0.16, pressured by higher interest costs despite higher NOI.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexus Industrial REIT published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Nexus Industrial REIT posts Q2 net loss as fair value writedowns and higher financing costs outweigh NOI gains, company says

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