Mr. Kelly Hanczyk reports

NEXUS INDUSTRIAL REIT ANNOUNCES Q3 2023 RESULTS DATE AND OCTOBER AND NOVEMBER DISTRIBUTIONS

Nexus Industrial REIT intends to release its financial results for the quarter ended Sept. 30, 2023, before the opening of the Toronto Stock Exchange on Wednesday, Nov. 15, 2023.

Management of the real estate investment trust will host a conference call at 1 p.m. ET on Wednesday, Nov. 15, 2023, to review the financial results and operations.

To participate in the conference call, please dial 416-915-3239 or 1-800-319-4610 (toll-free in Canada and the United States) at least five minutes prior to the start time and ask to join the Nexus Industrial REIT conference call.

A recording of the conference call will be available until Dec. 15, 2023. To access the recording, please dial 604-674-8052 or 1-855-669-9658 (toll-free in Canada and the U.S.) and enter access code 0526.

October and November, 2023, distributions

The REIT will make a cash distribution in the amount of 5.333 cents per unit, representing 64 cents per unit on an annualized basis, payable Nov. 15, 2023, to unitholders of record as of Oct. 31, 2023.

The REIT will also make a cash distribution in the amount of 5.333 cents per unit, representing 64 cents per unit on an annualized basis, payable Dec. 15, 2023, to unitholders of record as of Nov. 30, 2023.

The REIT's distribution reinvestment plan (DRIP) entitles eligible unitholders to elect to receive all, or a portion, of the cash distributions of the REIT reinvested in units of the REIT. Eligible unitholders who so elect will receive a bonus distribution of units equal to 4 per cent of each distribution that was reinvested by them under the DRIP.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 115 properties (including two properties held for development in which the REIT has an 80-per-cent interest), comprising approximately 12.1 million square feet of gross leasable area.