Nexus Industrial REIT (EFRTF) Q4 2022 Earnings Call Transcript

Nexus Industrial REIT (OTC:EFRTF) This autumn 2022 Earnings Convention Name March 15, 2023 11:30 AM ET

Firm Individuals

Kelly Hanczyk – Chief Government Officer

Robert Chiasson – Chief Monetary Officer

Convention Name Individuals

Kyle Stanley – Desjardins

Gaurav Mathur – iA Capital Markets

Munish Garg – Laurentian Financial institution Securities

Brad Sturges – Raymond James

Mike Markidis – BMO Capital Markets

Jimmy Shan – RBC Capital Markets

Himanshu Gupta – Scotiabank

Matt Kornack – Nationwide Financial institution Monetary


Thanks for standing by. That is the convention operator. Welcome to the Nexus Industrial REIT Fourth Quarter 2022 Outcomes Convention Name. As a reminder, all members are in listen-only mode and the convention is being recorded. After the presentation there can be a possibility to ask questions. [Operator Instructions]

I might now like to show the convention over to Mr. Kelly Hanczyk, Chief Government Officer. Please go forward.

Kelly Hanczyk

Thanks. I would prefer to welcome everybody to the 2022 year-end and fourth quarter outcomes convention name for Nexus Industrial REIT. Becoming a member of me right this moment is Robert Chiasson, the Chief Monetary Officer of the REIT.

Earlier than we start, I would prefer to warning with regard to forward-looking statements and non-GAAP measures. Sure statements made throughout this convention name could represent forward-looking statements, which replicate the REIT’s present expectations and projections about future outcomes. Additionally throughout this name we can be discussing non-GAAP measures. Please seek advice from our MD&A and the REIT’s different securities filings which will be discovered at for cautions concerning forward-looking data and for details about non-GAAP measures.

So within the final two years, we have been targeted on the excessive grading of our industrial portfolio. In 2022, we continued with this technique closing on 16 prime quality industrial properties. We’ve 5 extra A Class new construct properties, two of that are unit offers coming on-line all through