Nexus Industrial REIT recently held its earnings conference call on March 10, 2025, to discuss the fourth-quarter results for 2024. The call began at 10:00 AM Eastern Time and featured key executives from the company, including CEO Kelly Hanczyk and CFO Mike Rawle.
Also present were various analysts and investors such as Brad Sturges from Raymond James, Sam Damiani from TD Cowen, Kyle Stanley from Desjardins, Himanshu Gupta from Scotiabank, and Jimmy Chen from RBC Capital Markets.
The conference commenced with the operator welcoming participants, noting that everyone would be in listen-only mode with the session being recorded. After the presentation, attendees would have a chance to ask questions. The floor was then handed over to Kelly Hanczyk.
Kelly began by welcoming everyone to the session and outlined participation from the REIT’s CFO, Mike Rawle. She emphasized the importance of understanding the nature of forward-looking statements that would be discussed, stating that these were based on the REIT’s present expectations and future projections. Kelly also touched on the use of non-GAAP measures during the call, advising attendees to review the Management’s Discussion & Analysis (MD&A) documents and other securities filings available on the company’s website and on sedar.com for a comprehensive understanding of these aspects.
Reflecting on 2024, Kelly shared insights into the strategic repositioning that had been executed to transform Nexus into a Canadian-focused, pure-play industrial REIT. This major endeavor had been in the works for several years, prioritizing investment in business improvement. The objective was to enhance and streamline the property portfolio, particularly amidst the uncertain economic climate and a softer real estate market, allowing the company to acquire and develop top-notch assets at competitive prices.
Throughout the year, Nexus successfully carried out three specific industrial acquisitions and completed three industrial development projects, further advancing two more. Amid these activities, Kelly’s narrative paused with a brief technical difficulty before continuing with insights on the company’s strategic priorities moving forward.
