- Nexus REIT (NXR.UN) has established a $50 million at-the-market (ATM) equity program
- Under the terms of the program, REIT will issue up to $50,000,000 of trust units to the public
- Units under the ATM Program will be sold on the TSE
- The ATM program will be effective until August 17, 2023
- Net proceeds from REIT units will be used to fund acquisitions and repay indebtedness
- Nexus is a growth-oriented real estate investment trust focused on acquiring and managing industrial, office and retail properties
- Nexus Real Estate Investment Trust (NXR.UN) opened trading at C$13.28 per share
Nexus REIT (NXR.UN) has established a $50 million at-the-market (ATM) equity program.
The ATM program allows the REIT to issue up to $50,000,000 of trust units to the public. Units under the program will be sold on the TSE at prevailing market prices at the time of sale. The ATM program will be effective until August 17, 2023, unless previously terminated by Nexus.
Net proceeds from the REIT units will be used to fund acquisitions, repay indebtedness, fund development investments and for general working capital purposes.
Nexus is a growth-oriented real estate investment trust focused on acquiring and managing industrial, office and retail properties. The REIT currently owns a portfolio of 90 properties comprising approximately 6.8 million square feet of gross leasable area. The REIT has approximately 43,795,000 units issued and outstanding.
Nexus Real Estate Investment Trust (NXR.UN) opened trading at C$13.28 per share.