Nexus Industrial Reit · TSX:NXR.UN
Nexus Industrial Reit — Q3 2025 Earnings Presentation
24 slides from Nexus Industrial Reit's earnings presentation, Dec 2, 2025
Slide 1: Canada's Industrial Building Partner
Canada’s Industrial Building Partner Q3 4 Investor Presentation December 2, 2025
Slide 2: Disclaimer
Disclaimer 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 REIT (the “RE
Slide 3: Business Overview and Strategy
Business Overview and Strategy
Slide 4: Nexus Industrial REIT
Nexus Industrial REIT Canada’s industrial building partner Growing a portfolio of high-quality industrial properties We invest in high-quality industrial properties in desirable Canadian markets to build stakeholder value through disciplined cash flow growth and opportunistic capital recycling. Oper
Slide 5: Portfolio Overview
3701 Gaumont Rd, Laval , Quebec Portfolio Overview
Slide 6: Prime and In-demand Locations Across Canada
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Prime and In-demand Locations Across Canada North West Territories 84 Properties: 1 Industrial Properties (1) GLA: 53k sf Manitoba Properties: 1 12.3M Sq. Ft. GLA: 40k sf Total Gross Leasable Area 721k Sq Ft. Development in planning Alberta Properties: 27 Ont
Slide 7: Prime and In-demand Locations Across Canada
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Prime and In-demand Locations Across Canada Industrial Portfolio(1) 99.6% of NOI 11.9MM square feet at interest 96% occupied Stable Cash Flow, Embedded Rent Escalations in Long-Term Leases and a 19% Mark to Market 10774 - 42 St E, Calgary, AB 2400 Trans Canad
Slide 8: Q3 2025: Attractive development properties completed; Strong leasing activity
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Q3 2025: Attractive development properties completed; Strong leasing activity • Completed construction on two industrial development projects; 325,000 sf expansion project in St. Thomas, ON, and a 115,000 sf new industrial building in High-Grade the Calgary,
Slide 9: A Canada-focused pure-play industrial REIT
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW A Canada-focused pure-play industrial REIT NOI by Geography (1) (2) NOI by Asset Class (1) (2) NWT BC Retail QC 0.6% Office 0.3% 5.8% 0.5% 15.0% MB 0.7% AB 23.0% NB 3.4% ON SK 37.2% Industrial 14.3% 99.2% • Nexus is a pure-play industrial REIT, with over 99%
Slide 10: ~20% MTM leasing spread is driving future earnings growth
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW ~20% MTM leasing spread is driving future earnings growth Enhanced Industrial Leasing Spreads(1)(2) $75MM +27% $65MM $55MM Annual NOI $45MM +9% $35MM +6% +28% $25MM +14% $15MM $5MM Ontario Alberta Saskatchewan Quebec Other 5.3MM sf 2.6MM sf 1.6MM sf 1.1MM sf
Slide 11: A high-quality tenant base drives growth opportunities
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW A high-quality tenant base drives growth opportunities (1) Tenant % of Base Rent WALT (YEARS) 1. Loblaws 11.1% 6.5 2. Westcan Bulk Transport 4.8% 4.7 3. Element5 4.6% 5.7 4. Ford Motor Company 3.8% 12.4 5. Kenco Canada 3.6% 8.3 6. MTE Logistix 3.1% 8.8 7. Sob
Slide 12: Strong industrial operating resulting in steady NAV lift
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Strong industrial operating resulting in steady NAV lift (1) Price Per Unit (NXR.UN) NAV per Unit 13.5 12.5 11.5 10.5 9.5 8.5 7.5 6.5 5.5 2017 2018 2019 2020 2021 2022 2023 2024 2025 • NAV per unit at September 30, 2025 was $12.98 • NAV growth driven by accre
Slide 13: Stable, scalable capital structure with surplus liquidity
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Stable, scalable capital structure with surplus liquidity Mortgage Principal Maturity Schedule ($MM) as at September 30, 2025 $350 8.00% $325 $322 $300 7.00% (In millions of Canadian Dollars) $275 6.00% $250 $225 4.79% 5.00% $200 4.15% $175 3.59% 4.00% 3.32%
Slide 14: Acquisitions, Dispositions, and Developments
4750 102 Ave SE, Calgary, Alberta Acquisitions, Dispositions, and Developments
Slide 15: High Quality Select Acquisitions: Logistics and Distribution Assets
NEXUS INDUSTRIAL REIT ACQUISITIONS High Quality 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
Slide 16: Recent Dispositions Have Focused the Industrial Portfolio
NEXUS INDUSTRIAL REIT DISPOSTIONS Recent Dispositions Have Focused the Industrial Portfolio 3490 Griffith St-Laurent, GLA (at Purchaser Date Closed Asset Type Highlights QC share) Price On September 16, 2025, the REIT sold an industrial property located in St-Laurent, QC for a price of $9.2 million.
Slide 17: 2025: Nearly Fully Tenanted with Attractive Returns
NEXUS INDUSTRIAL REIT DEVELOPMENTS 2025: Nearly Fully Tenanted with Attractive Returns GLA at Expected Completion City Highlights Interest Unlevered Return This project was completed in Q3-2025. Expected to earn a going- ✓Aug 15, 2025 Calgary, AB 115,000 sf 11.1% in yield of approximately 11% on tot
Slide 18: 2024: Completed on Time and Budget; Growing Cash Flow
NEXUS INDUSTRIAL REIT DEVELOPMENTS 2024: Completed on Time and Budget; Growing Cash Flow GLA at Expected Completion City Highlights Interest Unlevered Return ✓ April 1, 2024 Regina, SK 312,000 sf 7.9% The building is 100% occupied by two tenants. The property is expected to contribute a yield of 7.9
Slide 19: Lease Expiries: Long 7-year WALT drives stable cash flow growth
NEXUS INDUSTRIAL REIT PORTFOLIO OVERVIEW Lease Expiries: Long 7-year WALT drives stable cash flow growth Industrial Lease Expires By Year Alberta 2025 2026 2027 2028 2029 2030+ Total Occupied GLA 79,133 47,291 148,760 48,374 515,361 1,736,610 2,575,529 Net Rent - $ PSF 15.67 34.99 7.90 12.12 10.92 1
Slide 20: Outlook
1000 Clarke Rd, London, Ontario Outlook
Slide 21: Providing Investors with Opportunity
NEXUS INDUSTRIAL REIT OUTLOOK Providing Investors with Opportunity 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 Nexus Industrial REIT is the only pure-pl
Slide 22: Sustainability Objectives
NEXUS INDUSTRIAL REIT SUSTAINABILITY OBJECTIVES Implementing an ESG framework to track our sustainability objectives Environmental Stewardship : • Improve energy and water efficiency across the portfolio • Reduce GHG emissions through equipment upgrades and operational improvements • Strengthen wast
Slide 23: Experienced Management Team
NEXUS INDUSTRIAL REIT MANAGEMENT Experienced Management Team MANAGEMENT TEAM • Former CEO and Trustee of TransGlobe Apartment REIT Kelly Hanczyk - Chief Executive Officer • Mr. Hanczyk has extensive experience in all disciplines of industrial, commercial and residential real estate • Former Vice Pre
Slide 24: Kelly Hanczyk, Mike Rawle
Kelly Hanczyk CEO Phone: (416) 906-2379 Email: khanczyk@nexusreit.com Mike Rawle CFO Phone: (647) 823-1381 Email: mrawle@nexusreit.com INVESTOR PRESENTATION | 24
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