NexLiving Communities Reports Record Q2 2025 Results and Declares Quarterly Dividend
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,