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Nexus Industrial REIT (NXR-UN) Fair Value & Analysis

Real Estate · CA · Market cap C$1.0B

NI Nexus Industrial REIT NXR-UN · TO
PriceC$8.29
Fair ValueC$12.06
Upside+45.5%
Quality48/100
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Evidence: High Range C$10.33 – C$17.22 📤 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 4 days ago

Fair value updated Jul 17, 2026, revised from C$7.57 to C$12.06 (+59.3%) since Jul 5, 2026. Share price +3.1% over the past month.

Price vs Fair Value (12 months)

C$8.37 C$7.06 Fair Value C$12.06 Jul 2025 Jul 2026

12‑month range C$7.06 – C$8.37 · fair‑value band C$10.33 – C$17.22 · the C$8.29 price screens below the C$12.06 fair value. As of Jul 17, 2026.

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Analysis

Nexus Industrial REIT (NXR-UN) currently trades at C$8.29, while our model-based Fair Value estimate is C$12.06, implying the stock looks roughly 45.5% undervalued today. We read business quality at 48/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Nexus Industrial REIT generated revenue of C$174M at a net margin of 33.7%. Revenue grew 2.7% year over year. It earns a return on equity of 5.4%. Net debt stands at C$1.3B. Fundamentals as of Jul 17, 2026

Our scenario range runs from C$10.33 (bear case) to C$17.22 (bull case); at C$8.29, the current price sits below that range. The share trades near its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 45%, NXR-UN screens cheaper than that median.

Key figures & financial health

Revenue (TTM) C$174M
Revenue growth (YoY) +2.7%
Net margin 33.7%
Return on equity 5.4%
Free cash flow C$26.9M FY2025
P/E ratio 13.3
More key figures
Operating margin 68.2%
EPS (TTM) C$0.5900
Dividend yield 8.2%
EPS growth (YoY) -3.9%
Net debt C$1.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.

About the company

Nexus Industrial REIT is an unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated March 7, 2022. Nexus Industrial REIT and its subsidiaries, own and operate commercial real estate properties across Canada. The registered office of the REIT is located at 105-586 Argus Road, Oakville, ON, L6J 3J3. Nexus Industrial REIT was incorporated in 2012 in Ontario, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nexus Industrial REIT reported revenue of C$175M in FY2025 versus C$83.6M in FY2021, a compound +20.3%/yr. Reported net income was C$59.5M in FY2025, compounding −20.1%/yr from FY2021.

Revenue +20.3%/yr
FY21 C$83.6M
FY22 C$137M
FY23 C$158M
FY24 C$176M
FY25 C$175M
Net income −20.1%/yr
FY21 C$146M
FY22 C$91.7M
FY23 C$160M
FY24 C$90.9M
FY25 C$59.5M

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Cite: Fair Value Calculator (2026). "Nexus Industrial REIT Fair Value". https://www.fairvalue-calculator.com/stock/NXR-UN

Similar stocks

10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $145.77 $64.23 -56%
Public Storage, a member of the S&P 500, PSA $321.29 $225.92 -30%
Extra Space Storage Inc E1XR34 R$192.51 R$96.73 -50%
SEGRO Plc SEGXF $10.37 $6.25 -40%
EastGroup Properties, Inc EGP $204.89 $126.92 -38%
Lineage, Inc LINE $40.82 $72.44 +77%
CapitaLand Ascendas REIT (CLAR) A17U 2.47 SGD 1.82 SGD -26%
CubeSmart CUBE $40.62 $30.41 -25%
First Industrial Realty Trust, Inc FR $63.63 $29.73 -53%
STAG Industrial, Inc S2TA34 R$39.60 R$34.81 -12%

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Frequently asked questions

Is Nexus Industrial REIT (NXR-UN) undervalued?
As of Jul 17, 2026, our model estimates a fair value of C$12.06 versus a price of C$8.29, about +45% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NXR-UN?
Our model-based fair value for Nexus Industrial REIT is C$12.06 (as of Jul 17, 2026), built from audited fundamentals. The current price is C$8.29.
What is the quality score of NXR-UN?
Nexus Industrial REIT has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nexus Industrial REIT (NXR-UN)?
Nexus Industrial REIT reported trailing-twelve-month revenue of about C$174M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NXR-UN?
The net profit margin of Nexus Industrial REIT is about 33.7%, meaning it keeps roughly 33.7% of revenue as net income. Based on the latest reported figures.
Does Nexus Industrial REIT pay a dividend?
Nexus Industrial REIT currently shows a dividend yield of about 8.17% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.