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
In today’s episode for 13th May 2023, we offer a primer on Real Estate Investment Trusts and the Nexus REIT IPO.
But before that a quick update on our latest video. Gold prices have been going up for the past year or so and everybody wants to know what's driving the rally. So if you've been curious about the rise in gold prices or if you were wondering where gold is headed next, this will be a good video to watch. Link here - https://youtu.be/HeEaVSKRg3I