SEDAR Interim Financial Statements

[
  {
    "companyName": "Nexus Industrial REIT",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "investmentProperties": 2475158,
      "equityInvestmentInJointVenture": 13346,
      "derivativeFinancialInstruments": 10134,
      "rightOfUseAssets": 971,
      "otherInvestment": 7950,
      "prepaidDevelopmentCosts": 21758,
      "otherAssets": 21021,
      "cash": 14373,
      "tenantAndOtherReceivables": 5754,
      "prepaidExpenses": 3168,
      "assetsHeldForSale": 34496,
      "mortgagesPayable": 579062,
      "creditFacilities": 694925,
      "leaseLiabilities": 10533,
      "classBLPUnits": 198285,
      "distributionsPayable": 3802,
      "accountsPayableAndOtherLiabilities": 27249,
      "liabilitiesAssociatedWithAssetsHeldForSale": 5340,
      "otherLiabilities": 7355,
      "unitholdersEquity": 667580,
      "retainedEarnings": 393108,
      "totalCurrentAssets": 86713,
      "totalCurrentLiabilities": 343892,
      "cashPerShare": null,
      "workingCapitalPerShare": null
    },
    "incomeStatement": {
      "propertyRevenues": 43295,
      "propertyExpenses": -11098,
      "netRentalIncome": 32197,
      "generalAndAdministrativeExpense": -2200,
      "fairValueAdjustmentsInvestmentProperties": -4295,
      "fairValueAdjustmentsClassBLPUnits": -4178,
      "fairValueAdjustmentsIncentiveUnits": -39,
      "fairValueAdjustmentsDerivativeFinancialInstruments": -1364,
      "incomeFromEquityAccountedInvestmentInJointVenture": 183,
      "lossOnDisposalOfInvestmentProperties": -2,
      "foreignExchangeLoss": -70,
      "otherIncome": 60,
      "netInterestExpense": -13099,
      "distributionsOnClassBLPUnits": -3744,
      "netIncomeAndComprehensiveIncome": 3449
    },
    "cashFlowStatement": {
      "netIncomeAndComprehensiveIncome": 3449,
      "incentiveUnitExpense": 276,
      "incomeFromEquityAccountedInvestmentInJointVenture": -183,
      "lossOnDisposals": 2,
      "amortization": 731,
      "straightLineAdjustmentsOfRent": -1719,
      "fairValueAdjustments": 9876,
      "foreignExchangeLossGain": 70,
      "changesInNonCashOperatingItems": -5653,
      "totalCashGeneratedByOperatingActivities": 6849,
      "acquisitionOfIncomeProducingProperties": 0,
      "acquisitionOfPropertiesUnderDevelopment": 0,
      "additionsToPropertiesUnderDevelopment": -4075,
      "netProceedsOnDisposalOfProperties": 9106,
      "capitalExpendituresTenantIncentivesAndLeasingCosts": -3759,
      "totalCashGeneratedUsedByInvestingActivities": 1272,
      "newMortgageFinancing": 0,
      "mortgagePrincipalRepayments": -4079,
      "financingCosts": -855,
      "leasePrincipalRepayments": -26,
      "netBorrowingsOnTheCreditFacilities": 16970,
      "distributionsToUnitholders": -11398,
      "totalCashGeneratedUsedByFinancingActivities": 612,
      "changeInCashDuringThePeriod": 8733,
      "cashBeginningOfPeriod": 5640,
      "cashEndOfPeriod": 14373
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Equity investment in joint venture",
        "ownershipPercentage": null,
        "value": 13346,
        "notes": ""
      },
      {
        "type": "Other Investment",
        "description": "Other investment",
        "ownershipPercentage": null,
        "value": 7950,
        "notes": ""
      },
      {
        "type": "Real Estate Properties",
        "description": "Investment properties",
        "ownershipPercentage": 100,
        "value": 2475158,
        "notes": "Includes income producing properties and properties held for development"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 71300598,
      "classesOfShares": ["REIT Units", "Special Voting Units"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": "Class B LP Units exchangeable into REIT Units"
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEnded2025-09-30": {
          "keyManagementSalariesAndShortTermBenefits": 518,
          "keyManagementUnitBasedCompensation": 244,
          "trusteeFees": 69,
          "trusteeUnitBasedCompensation": 50
        },
        "nineMonthsEnded2025-09-30": {
          "keyManagementSalariesAndShortTermBenefits": 1469,
          "keyManagementUnitBasedCompensation": 812,
          "trusteeFees": 208,
          "trusteeUnitBasedCompensation": 150
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "RFA Capital Partners Inc.",
          "description": "Guarantee fees and development-related fees",
          "amount": 50,
          "period": "threeMonthsEnded2025-09-30"
        },
        {
          "counterparty": "1803299 Ontario Inc. and E&E McLaughlin Ltd.",
          "description": "Property management fees",
          "amount": 117,
          "period": "threeMonthsEnded2025-09-30"
        },
        {
          "counterparty": "1803299 Ontario Inc. related entity",
          "description": "Property revenues from tenant",
          "amount": 809,
          "period": "threeMonthsEnded2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-02",
        "description": "Disposition of excess lands at Les Galeries d'Anjou, Quebec",
        "impactValue": 8524
      }
    ]
  }
]