Nexus Industrial REIT (OTC:EFRTF) Q4 2024 Earnings Conference Call March 10, 2025 10:00 AM ET
Company Participants
Kelly Hanczyk – CEO
Mike Rawle – CFO
Conference Call Participants
Brad Sturges – Raymond James
Sam Damiani – TD Cowen
Kyle Stanley – Desjardins
Himanshu Gupta – Scotiabank
Jimmy Chen – RBC Capital Markets
Operator
Thank you for standing by. This is the conference operator. Welcome to the Nexus Industrial REIT’s Fourth Quarter 2024 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions [Operator Instructions].
I would now like to turn the conference over to Kelly Hanczyk, Chief Executive Officer. Please go ahead.
Kelly Hanczyk
Thank you. I’d like to welcome everyone to the 2024 fourth quarter results conference call for Nexus Industrial REIT. Joining me today is Mike Rawle, Chief Financial Officer of the REIT. Before we begin, I’d like to caution with regard to forward looking statements and non-GAAP measures. Certain statements made during this conference call may constitute forward looking statements, which reflect the REIT’s current expectations and projections about future results. Also during this call, we’ll be discussing non GAAP measures. Please refer to our MD&A and the REIT’s other securities filings, which can be found on our Web site and at sedar.com for cautions regarding forward looking information and for information about non-GAAP measures. In 2024, we executed the strategic repositioning of Nexus to be the Canadian focused pure play industrial REIT, which has been several years in the making. First, we invested to improve our business. Our goal was to high grade and optimize our portfolio, taking advantage of uncertain economic backdrop and weaker real estate market to acquire and develop high quality assets at attractive prices. In the year, we made three targeted industrial acquisitions [Technical Difficulty] completed three industrial development projects and advanced two more. Next, we focused
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