HALIFAX, NS, Aug. 22, 2025 /CNW/ – (TSXV:NXLV) – NexLiving Communities Inc. (“NexLiving” or the “Company”) announced operating and financial results for the three-month and six-month periods ended June 30, 2025.
Stavro Stathonikos, President & CEO commented: “I’m pleased to report that in Q2, we grew NOI by +75% and FFO per share by +26%, thanks to our team’s disciplined focus on growth and operational excellence. Occupancy hit 97% post the quarter-end, driven by strong demand in our markets and our commitment to keeping tenants happy. With a solid acquisition pipeline and growing free cash flow, NexLiving is positioned to continue its growth path and deliver lasting value for our shareholders.”
Summary of Results:
- Suite count increased to 2,083 at June 30, up +100% from a year ago and +4% from December 31, 2024.
- Net operating income (“NOI”) increased by +75% to $5.2 million for the three-month period and +72% for the six-month period ended June 30, 2025.
- Funds from operations (“FFO”) per share increased by +26% for the three-month period and +15% for the six-month period ended June 30, 2025.
- Same property NOI increased +3.4%, driven by a +3.7% increase in revenue and offset by a +4.2% rise in expenses for the three-month period ended March 31, 2025.
- Funds from operations (“FFO”) increased +110% to $1.7 million and diluted FFO per share increased +26% to $0.05 for the three-month period ended March 31, 2025
Q2 2025 Operating and Financial Highlights:
|
As at |
30-Jun-25 |
31-Dec-24 |
Change |
|
Number of suites |
2,083 |
1,998 |
85 |
|
Occupancy |
95.9 % |
96.4 % |
(50) bps |
|
Net Debt to GBV* |
67.7 % |
67.7 % |
– |
|
Weighted average term to debt maturity (years) |
4.0 |
4.2 |
(0.2) yrs |
|
Weighted average contractual interest rate |
3.10 % |
3.17 % |
(7) bps |
|
Net asset value |
143,816,584 |
136,225,487 |
5.6 % |
|
Net asset value per share |
$ 4.36 |
$ 4.12 |
5.8 % |
|
For the three months ended June 30, |