Nexus Industrial REIT (OTCMKTS:EFRTF) Shares Up 1.2% – Here’s What Happened

Shares of Nexus Industrial REIT (OTCMKTS:EFRTF) were up 1.2% on Friday . The stock traded as high as $5.7901 and last traded at $5.77. Approximately 40,000 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 127,337 shares. The stock had previously closed at $5.70.

Nexus Industrial REIT Trading Up 1.2%

The business has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.67.

About Nexus Industrial REIT

Nexus Industrial REIT is an unincorporated, closed-end real estate investment trust that focuses on the acquisition, development and management of industrial properties across North America. Its portfolio comprises single-tenant and multi-tenant distribution centres, manufacturing facilities and flex-industrial assets that serve a broad range of sectors including e-commerce, third-party logistics, consumer goods and light manufacturing. Long-term, triple-net leases form the backbone of its cash flow, aligning tenant responsibilities with property operating expenses and maintenance.

Since its establishment in 2018 and subsequent public listing, Nexus Industrial REIT has expanded into key Canadian markets—Ontario, Quebec, British Columbia and Alberta—as well as select U.S.