Nexus Real Estate Investment Trust
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Public health crises, including the COVID-19 pandemic, could materially adversely impact the REIT’s and its tenants’ businesses and their ability to meet payment obligations.
- Increased government regulation relating to a Health Crisis could result in legislation or regulations that may restrict the REIT’s ability to enforce material provisions under its leases.
- Fixed costs and increased expenses may have a material adverse effect on Nexus REIT’s business, cash flows, financial condition, and results of operations if Nexus REIT cannot maintain or increase its average monthly rental rates and occupancy levels.
Mitigation Strategies
- The REIT actively assesses and responds to the effects of the COVID-19 pandemic on its employees, tenants, suppliers, and service providers, and evaluates governmental actions being taken to curtail its spread.
- The REIT will continue to monitor the situation closely and intends to follow health and safety guidelines as they evolve.
- Nexus REIT will seek to manage interest rate risk by negotiating fixed interest rates where possible.