Nexus Industrial REIT posts Q2 net loss as fair value writedowns and higher financing costs outweigh NOI gains, company says

• For the three months ended June 30, 2026, NOI rose 6.2% to CAD 34.1 million, driven by completed developments, expansions, leasing gains.
• Industrial occupancy increased to 97% from 95% at March 31, supported by 241,374 sq. ft. of new leases.
• Renewed 379,916 sq. ft. at a 6% spread over expiring in-place rents, reflecting market rent re-leasing across the portfolio.
• Net loss was CAD 12.8 million, reflecting CAD 26.5 million of fair value losses, finance expense of CAD 18.3 million.
• Normalized AFFO per unit fell to CAD 0.154 from CAD 0.16, pressured by higher interest costs despite higher NOI.

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