Upexi Reports Fiscal Third Quarter 2026 Financial Results
- On May 11, 2026, Nexus Industrial REIT reported Q1 2026 financial results, recording net income of $32.2 million and demonstrating operational momentum.
- Net Operating Income grew 5.4% to $33.8 million, driven by completed developments and new acquisitions despite the company selling 19 legacy properties during 2025.
- Normalized AFFO payout ratio improved to 96.6% for the quarter, representing a meaningful step toward the REIT's 2026 guidance of maintaining a ratio below 100%.
- Unitholders of record as of May 29, 2026, will receive a cash distribution of $0.05333 per unit, payable June 15, 2026.
- The REIT anticipates mid-single digit Same Property NOI growth for its industrial portfolio in 2026, maintaining focus on long-term unitholder returns through its Canada-focused strategy.
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Watauga Democrat
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