Desjardins Has Bearish Estimate for TSE:NXR FY2025 Earnings

Edgefront Real Estate Investment Trust (TSE:NXR) – Desjardins lowered their FY2025 earnings per share (EPS) estimates for shares of Edgefront Real Estate Investment Trust in a research report issued on Tuesday, November 12th. Desjardins analyst K. Stanley now anticipates that the company will post earnings per share of $0.79 for the year, down from their previous forecast of $0.82. Desjardins also issued estimates for Edgefront Real Estate Investment Trust’s FY2026 earnings at $0.84 EPS.

Separately, Ventum Cap Mkts raised Edgefront Real Estate Investment Trust to a “strong-buy” rating in a research report on Monday, July 29th.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.46 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.28. The business had revenue of C$43.91 million during the quarter.

Edgefront Real Estate Investment Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.053 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of ∞.

Edgefront Real Estate Investment Trust Company Profile

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.