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Nexus REIT (EFRTF) manages over 4.5 million square feet of retail, office and industrial assets across Canada. It is one of the smaller REITs to be publicly listed on the stock exchange. Because of this, it often trades under the radar.
The latest financials show this landlord continues to operate in the black. Since the stock has been down from its usual price range before COVID-19, I believe this is a good opportunity to load up on Nexus REIT units.
Financial Fundamentals Remain Strong
Its quarterly AFFO (Adjusted Funds from Operations) continues to be consistent