Nexus Industrial REIT (NXR-UN) Investor presentation summary

Business overview and strategy

• Focuses on high-quality industrial properties in key Canadian markets to drive stakeholder value through disciplined cash flow growth and capital recycling.

• Emphasizes operational excellence by optimizing leasing, reducing waste, and leveraging technology for long-term leases with embedded rent escalations.

• Maintains disciplined capital allocation and a robust balance sheet for long-term value creation.

• Builds lasting partnerships with unitholders, tenants, developers, communities, and environmental stakeholders.

Portfolio overview

• Owns 84 industrial properties totaling 12.6M sq. ft. across Canada, with ~97% occupancy as of June 30, 2026.

• 99.4% of NOI is generated from industrial assets, with strong geographic diversification reducing concentration risk.

• Embedded rent escalations and a 15% mark-to-market spread on leases support future earnings growth.

• Top tenants include Loblaws, Westcan Bulk Transport, and Ford, with a weighted average lease term (WALT) of 6.7 years.

Financial performance and capital structure

• NAV per unit reached $13.23 as of June 30, 2026, with growth driven by developments, rent lifts, and capital recycling.

• Q2 2026 net loss increased to $12.8M due to lower fair value gains and higher interest expense, partially offset by higher NOI.

• Debt-to-EBITDA ratio was 10.7x, with a target below 10.0x expected soon.

• Maintains $575M revolving credit facility and $10M swingline facility, maturing August 2028.