Nexus Industrial REIT (OTCMKTS:EFRTF) Trading 1.2% Higher – What’s Next?

Nexus Industrial REIT (OTCMKTS:EFRTF) shares shot up 1.2% during mid-day trading on Friday . The stock traded as high as $5.7901 and last traded at $5.77. 40,000 shares were traded during mid-day trading, a decline of 69% from the average session volume of 127,337 shares. The stock had previously closed at $5.70.

Nexus Industrial REIT Stock Performance

The firm has a 50 day moving average price of $5.78 and a two-hundred day moving average price of $5.67.

About Nexus Industrial REIT

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.