Desjardins Has Pessimistic View of TSE:NXR FY2025 Earnings

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

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

Separately, Ventum Cap Mkts raised shares of 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 Dividend Announcement

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