Investment idea: Nexus Industrial REIT

Hi everybody,

Today I thought I would share some insights about my largest real estate holding - Nexus Industrial REIT (TSX: NXR.UN). NCP started to buy Nexus near a 52-week low this year after being intrigued by seeing largescale insider buying which caught my eye. The “insider buying” was a fellow named Edwin McLaughlin who is not actually an executive at the company but is a 10%+ holder in the REIT as his company owns approximately ~25% of Nexus. McLaughlin and his brother run E&E Warehousing, which is a London, Ontario area industrial real estate company and they know the asset class and region best. This in itself captivated me to do more research.

McLaughlin is a key holder thru his numbered company but has bought an additional $3.5 million dollars worth of units in 2024 under his own name

It was only in 2022 that Nexus REIT units were trading as high as ~$14 which was actually above the NAV (net asset value) at the time which wasn’t so abnormal given that investors had expectations of growth priced in.