Nexus Industrial REIT (TSX:NXR.UN) Long-Term Capital Lease Obligation : C$10.7 Mil (As of Mar. 2024)

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What is Nexus Industrial REIT Long-Term Capital Lease Obligation?

Nexus Industrial REIT's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$10.7 Mil.

Nexus Industrial REIT's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (C$10.5 Mil) to Dec. 2023 (C$10.7 Mil) but then declined from Dec. 2023 (C$10.7 Mil) to Mar. 2024 (C$10.7 Mil).

Nexus Industrial REIT's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (C$3.6 Mil) to Dec. 2022 (C$10.5 Mil) and increased from Dec. 2022 (C$10.5 Mil) to Dec. 2023 (C$10.7 Mil).

Nexus Industrial REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Nexus Industrial REIT's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nexus Industrial REIT Long-Term Capital Lease Obligation Chart

Nexus Industrial REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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3.74

3.67

3.60

10.50

10.72

Nexus Industrial REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															10.49	10.49	10.48	10.72	10.69

Nexus Industrial REIT (TSX:NXR.UN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Nexus Industrial REIT Long-Term Capital Lease Obligation Related Terms

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Nexus Industrial REIT (TSX:NXR.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Nexus Industrial REIT (TSX:NXR.UN) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

EFRTF:USA

Address

211-1540 Cornwall Road, Oakville, ON, CAN, L6J7W5

Website

https://www.nexusreit.com

Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office, and retail properties.

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