Stavro Stathonikos, President & CEO commented: "Q4 capped a record year for NexLiving, with 53% growth in cash flow per share driven by the internalization of our operations and integration of acquisitions. With that work largely complete, we enter 2026 with an efficient, technology-enabled platform and a stronger base of free cash flow. Our focus this year is on unlocking value across the existing portfolio and deploying capital into accretive acquisitions to continue to compound value for our shareholders."
Summary of Results:
Net operating income ("NOI") increased by +7% to $5.3 million for the three-month period and +45% for the year ended December 31, 2025.
Same property NOI increased +4.1%, driven by a +3.5% increase in revenue, partially offset by a +2.6% rise in expenses for the three-month period ended December 31, 2025.
Funds from operations ("FFO") increased +53% to $2.0 million and fully diluted FFO per share increased +53% to $0.06 for the three-month period ended December 31, 2025.
Q4 2025 Operating and Financial Highlights:
As at
31-Dec-25
31-Dec-24
Change
Number of suites
2,073
1,998
75
Occupancy
96.8
%
96.4
%
40 bps
Net Debt to GBV*
68.7
%
67.7
%
100 bps
Weighted average term to debt maturity (years)
3.5
4.2
(0.7) yrs
Weighted average contractual interest rate
3.11
%
3.17
%
(6) bps
Net asset value
139,136,844
136,225,487
2.1
%
Net asset value per share
$
4.23
$
4.12
2.7
%
For the three months ended December 31,
2025
2024
Change
NOI
5,270,847
4,906,359
7.4
%
NOI margin
60.4
%
