Nexus Industrial REIT Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	174.74	175.7	157.65	137.12	83.56	61.39
Other Revenue	1.93	1.87	0.06	1.8	0.92	0.87
Total Revenue	176.66	177.57	157.72	138.92	84.48	62.25
Revenue Growth (YoY	2.20%	12.59%	13.53%	64.45%	35.70%	0.16%
Property Expenses	46.15	49.83	45.68	41.31	27.61	22.16
Selling, General & Administrative	8.31	7.81	8.66	6.52	4.86	3.47
Total Operating Expenses	54.58	57.64	54.17	47.2	34.55	25.35
Operating Income	122.08	119.93	103.54	91.72	49.93	36.9
Interest Expense	-70.39	-85.74	-71.36	-24.64	-19.24	-20.78
Interest & Investment Income	0.33	0.4	0.37	-	-	-
Currency Exchange Gain (Loss)	-0.22	-1.08	0.2	-0.63	-	-
Other Non-Operating Income	0.25	0.28	2.9	2.59	2.38	1.55
EBT Excluding Unusual Items	52.04	33.8	35.65	69.03	33.07	17.67
Gain (Loss) on Sale of Investments	-	-	1.45	3.5	-	-
Gain (Loss) on Sale of Assets	-1.21	-1.46	-0.81	-0.71	-0.59	-
Asset Writedown	1.52	47.91	95.97	-12.61	132.4	10.58
Other Unusual Items	26.29	10.63	27.77	61.66	-71.34	6.98
Pretax Income	78.65	90.88	160.03	120.87	93.54	35.24
Net Income	78.65	90.88	160.03	120.87	93.54	35.24
Net Income to Common	78.65	90.88	160.03	120.87	93.54	35.24
Net Income Growth	81.47%	-43.21%	32.40%	29.22%	165.47%	-16.88%
Basic Shares Outstanding	71	71	69	67	57	28
Diluted Shares Outstanding	71	71	69	67	57	28
Shares Change (YoY)	0.79%	3.15%	1.88%	17.49%	104.83%	9.59%
EPS (Basic)	1.10	1.28	2.33	1.80	1.63	1.26
EPS (Diluted)	1.10	1.28	2.33	1.80	1.63	1.26
EPS Growth	80.05%	-44.94%	29.95%	9.98%	29.60%	-24.15%
Dividend Per Share	0.640	0.640	0.640	0.640	0.640	0.640
Dividend Growth	-0.01%	-	-0.01%	0.01%	0.02%	-
Operating Margin	69.10%	67.54%	65.65%	66.02%	59.11%	59.28%
Profit Margin	44.52%	51.18%	101.47%	87.01%	110.73%	56.60%
EBIT	122.08	119.93	103.54	91.72	49.93	36.9
EBIT Margin	69.10%	67.54%	65.65%	66.02%	59.11%	59.28%
Funds From Operations (FFO)	68.97	65.01	66.69	63.84	39.66	-
FFO Per Share	0.73	0.69	0.74	0.80	0.76	-
Adjusted Funds From Operations (AFFO)	-	53.74	55.84	55.23	35.65	-
AFFO Per Share	-	0.57	0.62	0.70	0.69	-
FFO Payout Ratio	65.88%	63.99%	56.54%	53.77%	52.68%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.