Nexus Industrial Reit · TSX:NXR.UN
Nexus Industrial Reit — Q2 2025 Earnings Presentation
17 slides from Nexus Industrial Reit's earnings presentation, Aug 12, 2025
Slide 1: Investor Presentation Q2-2025
INVESTOR PRESENTATION Q2-2025
Slide 2: Notice to the Reader
Notice to the Reader ABOUT THIS PRESENTATION No reliance may be placed for any purpose whatsoever on the information contained in this presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of Nexus Industrial REI
Slide 3: Nexus Industrial REIT – Creating Unitholder Value
Nexus Industrial REIT – Creating Unitholder Value Nexus Industrial REIT (“Nexus” or the “REIT”) is creating unitholder value through the acquisition and ownership of institutional quality industrial properties across Canada 1 HIGH QUALITY INDUSTRIAL FOCUSED PORTFOLIO ➢ 90 high quality and well-locat
Slide 4: High quality, high occupancy industrial-focused portfolio
High quality, high occupancy industrial-focused portfolio Industrial Portfolio(1) Retail and Office Portfolio(1) 99% of NOI 1% of NOI 11.6MM square feet at interest 144K square feet at interest 97% occupied 86% occupied Stable Cash Flow, Embedded Rent Escalations in Long-Term Leases and a 22% Mark t
Slide 5: Industrial-focused assets are well diversified nationally
Industrial-focused assets are well diversified nationally 90 properties located across Canada1 NOI by Geography (1) (2) NWT 0.6% BC QC 5.7% 15.6% MB 0.8% AB 24.0% NB 3.0% 1 ON SK 35.5% 14.8% 4 NOI by Asset Class (1) (2) 27 3 Office 8 Retail 13 1 0.0% 0.8% 1 1 28 86 Industrial 1 Retail Land Held for
Slide 6: Lease expiries and occupancy: delivering cash flow stability and near-term renewal upside
Lease expiries and occupancy: delivering cash flow stability and near-term renewal upside Industrial Lease Expiry Schedule (square feet, ‘000s) at Mar 31, 2025 Weighted Average Lease Term of ~7 Years 7,487 759 881 621 472 775 2025 2026 2027 2028 2029 Thereafter % of Industrial GLA 7% 8% 5% 4% 7% 69%
Slide 7: Industrial portfolio: +22% mark to market and embedded rent steps are driving upside
Industrial portfolio: +22% mark to market and embedded rent steps are driving upside on lease renewals Enhanced Industrial Leasing Spreads1 $75MM +33% $65MM $55MM Annual NOI $45MM +14% $35MM +4% +30% $25MM +15% $15MM $5MM Ontario Alberta Saskatchewan Quebec Other 5.0MM sf 2.7MM sf 1.6MM sf 1.1MM sf
Slide 8: Industrial Mark to Market Annually (2025 to 2030)
Industrial Mark to Market Annually (2025 to 2030) Mark to Market by Year(1) 3.50 3.00 $2.9MM $2.6MM 2.50 $2.0MM 2.00 Millions 1.50 $1.2MM 1.00 $0.8MM $0.7MM 0.50 0.00 2025 2026 2027 2028 2029 2030 Capitalizing on Below Market Rental Rates1 • 22% mark-to-market throughout the entire industrial portfo
Slide 9: Stable, scalable capital structure with surplus liquidity
Stable, scalable capital structure with surplus liquidity Mortgage Principal Maturity Schedule ($MM) as at March 31, 2025 Weighted Average Term to Maturity ~ 5.4 Years Weighted Average Interest Rate ~ 3.4% $236 $79 $39 $55 $32 $18 2025 2026 2027 2028 2029 Thereafter W.A. Interest Rate: 4.2% 3.0% 3.6
Slide 10: Nexus has a clear strategy to build unitholder value
Nexus has a clear strategy to build unitholder value • In Q1 2025, the REIT sale of its share of 15 retail properties for $47 million and an office Complete transition to 100% property located in Laval, Quebec for a price of $4 million. Industrial through sale of legacy assets • This leaves the REIT
Slide 11: Recently Completed Development Projects
Recently Completed Development Projects The REIT has recently completed work on 3 development projects targeting highly accretive opportunities. $6.4MM 525k ~7.5% of additional annual NOI square feet of new GLA unlevered return on when stabilized. Built in 2024 developments GLA at Expected Completio
Slide 12: Active Development Projects
Active Development Projects The REIT has commenced work on development projects with highly accretive opportunities. $6.8MM ~440k ~9.7% of additional annual NOI square feet of new GLA unlevered return on once stabilized. committed to be active developments built in 2025 Expected Expected City GLA Hi
Slide 13: Adding value through select acquisitions
Adding value through select acquisitions Asset GLA Purchase/Sale Date Closed City Highlights Type (at share) Price Brand-new single-tenant distribution centre leased to Ford. An March 7, 2023 Industrial Casselman, ON 531,000 sf $116.5MM opportunity to build a relationship with a reputable developer.
Slide 14: Select High-Grading Acquisitions
Select High-Grading Acquisitions Select Acquisitions: Logistics and Distribution Assets Casselman, Ontario Laval, Quebec London, Ontario 531,000 sf Distribution Centre 192,000 sf Distribution Centre 264,000 sf Distribution Centre Burlington, Ontario London, Ontario London, Ontario 142,000 sf Distrib
Slide 15: Experienced leadership team with a proven track record
Experienced leadership team with a proven track record Management Team Board of Trustees Name Title Experience Name Experience • Chairman of the Board Ben • Principal and Managing Partner of RFA Capital Rodney • Former CEO and Trustee of TransGlobe • Chair of Artis REIT Board of Trustees Kelly Apart
Slide 16: A growth-focused, industrial REIT with significant upside potential
A growth-focused, industrial REIT with significant upside potential Nexus provides investors the opportunity to participate in a growth stage industrial REIT owning quality Canadian assets at a significant valuation discount compared to other industrial REITs 1 Nexus Industrial REIT is the only pure
Slide 17: Contact Us
Contact Us Kelly Hanczyk CEO Phone: (416) 906-2379 Email: khanczyk@nexusreit.com Mike Rawle CFO Phone: (647) 823-1381 Email: mrawle@nexusreit.com NEXUS INVESTOR PRESENTATION INVESTOR INVESTOR PRESENTATION PRESENTATION NOVEMBER FEBRUARY Q2 2025 MARCH 2024 20252025 17
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