TORONTO and MONTREAL, July 19, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) NXR today announced the declaration of the distribution in July 2022.

The REIT will make a cash distribution of $0.05333 per unit, equal to $0.64 per unit on an annualized basis, payable on August 15, 2022 to shareholders of record on July 29, 2022.

The REIT’s Distributions Reinvestment Plan (“DRIP”) entitles eligible shareholders to elect to have all or a portion of the REIT’s cash distributions reinvested in units of the REIT. Eligible Shareholders who elect to receive a Bonus Distribution of Shares equal to 4% of any distribution reinvested by them under the DRIP.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing shareholder value through the acquisition of industrial real estate in primary and secondary markets in Canada and potentially including the United States, and owning and managing its real estate portfolio. The REIT currently owns a portfolio of 109 properties with approximately 10.6 million square feet of GLA. The REIT has approximately 58,018,000 units issued and outstanding. In addition, Nexus subsidiary limited partnerships have issued and outstanding Class B LP shares convertible into approximately 21,179,000 units.

For more information please contact:
Kelly C. Hanczyk, CEO at (416) 906-2379 or
Rob Chiasson, CFO at (416) 613-1262.