The Globe and Mail reports in its Wednesday, March 12, edition that Desjardins's Kyle Stanley is keeping his "buy" call for Nexus Industrial REIT intact. The Globe's David Leeder writes that Mr. Stanley gave his unit target a 75-cent trim to $8.75, six cents under the consensus. Following in-line fourth quarter 2024 financial results, Mr. Stanley sees "a healthy growth opportunity" for Nexus despite tariff-driven trade uncertainty. Mr. Stanley says in a note: "[Funds from operations per unit] increased 7 per cent year-over-year, representing an earnings growth inflection point. Unfortunately, the benefits of a successful early lease renewal are likely to be muted by ongoing tariff concerns and some tenant insolvencies. Trade uncertainty appears to be weighing on leasing activity across the portfolio. However, management indicated that with 85 per cent of its tenants exposed to Canadian distribution/3PL, the direct impact of cross-border trade could be limited despite its portfolio geography." Mr. Stanley says Monday's earnings release includes operating results that largely met expectations with "the variances of note included slightly lower-than-expected NOI, offset by some non-recurring disposition-related adjustments."