Nexus Industrial REIT Reports Q3 Results and Narrows 2026 NOI Guidance
Nexus reported $31.9 million in third-quarter net income, 7.8% year-over-year NOI growth and 97% industrial occupancy. It completed a $300 million investment-grade bond offering and sold excess land in Blackfalds, Alberta, for $2.5 million.
Nexus Industrial REIT reported third-quarter 2026 net income of $31.9 million, with net operating income (NOI) increasing 7.8% year-over-year and industrial occupancy holding at 97%. The company highlighted a normalized adjusted funds from operations (AFFO) payout ratio of 95.6% for the quarter. Additionally, the REIT completed a $300 million investment-grade bond offering and sold excess land in Blackfalds, Alberta, for $2.5 million. Management updated its fiscal year 2026 guidance, narrowing the expected industrial Same Property NOI growth to a range of 3% to 4%.