Shares of Nexus Industrial REIT (OTCMKTS:EFRTF – Get Free Report) shot up 1.6% on Monday . The stock traded as high as $5.5740 and last traded at $5.57. 1,200 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 102,112 shares. The stock had previously closed at $5.4810.
Nexus Industrial REIT Trading Up 1.6%
The company has a 50-day moving average of $5.76 and a 200 day moving average of $5.68.
Nexus Industrial REIT Company Profile
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.
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