Nexus Industrial REIT (NXR.UN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. This is the conference operator. Welcome to the NEXUS Industrial REIT second quarter 2026 results conference call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Kelly Hanczyk, Chief Executive Officer. Please go ahead. Thank you. I'd like to welcome everyone to the 2026 Second Quarter Results Conference call for Nexus Industrial REIT. Joining me today is Mike Rawle, Chief Financial Officer of the REIT. Before we begin, I'd like to caution with regard to forward-looking statements and non-GAAP measures. Certain statements made during this conference call may constitute forward-looking statements which reflect the REIT's current expectations and projections about future results. Also during this call, we'll be discussing non-GAAP measures. Please refer to our MD&A and the REIT's other securities filings which can be found on our website and at CDAR.com for cautions regarding forward-looking information and for information about non-GAAP measures. The second quarter was an excellent quarter for Nexus. who delivered sequential and year-over-year growth in revenue, net operating income, normalized FFO, and the last 12 months adjusted EBITDA. These improvements reflect strong operating results while we also advanced three transformative strategic initiatives. First, early in the quarter, we obtained an investment grade credit rating and completed an inaugural bond offering. Second, we advanced...