How to Evaluate a Nexus REIT

Nexus REIT's occupancy rate is at a very solid 96%. And they're also keeping their existing tenants happy because of over 4 million square feet of leaseable area that were added in the past 4 years. 75% of it was picked up by brands that were already associated with Nexus malls. No single tenant contributed to more than 2.8% of its gross rentals and it's stopped 10 tenants account for just 20% of it. The net operating income or NOI, which is nothing but the lease rentals after adjusting for operation expenses,. If the stores sell more, Nexus can earn a higher rent. And this NOI is projected to grow organically by 17% in the