NexLiving Communities (NXLV) Q3 2026 earnings summary

Executive summary

• Q3 NOI rose 3.6% to $5.48M; same-property NOI increased 4.6%, and diluted FFO per share grew 4.7% to $0.070.

• 9M net income reached $13.39M, including $11.51M in fair-value gains on investment properties.

• Cash was $13.22M at September 30; occupancy improved from 96.4% at quarter-end to 97.6% by November 12.

Financial highlights

• Q3 rental income was $8.81M versus $8.63M; net income was $2.45M versus $2.13M.

• 9M rental income was $26.43M versus $25.82M; net income was $13.39M versus $10.50M.

• Q3 FFO was $2.32M, up 4.5%, with diluted FFO per share of $0.070, up 4.7%; 9M FFO rose 9.0% to $6.02M and per-share FFO rose 9.4% to $0.181.

• Same-property NOI rose 4.6% in Q3 and 4.8% in 9M; revenue grew 3.0% and 3.2%, while expenses increased 0.6% and 0.8%.

• Fair-value gains on investment properties were $0.5M in Q3 and $11.51M in 9M, versus $8.5M in 9M 2025.

Outlook and guidance

• Acquisition agreement covers 108 Ottawa-area townhomes for $43.5M; construction is expected to finish in early 2027, with closing upon completion.

• Occupancy reached 97.6% by November 12 after post-quarter leasing of vacant suites.

• $49.3M of mortgages mature within 12 months; lender discussions have begun, and renewals and available resources are expected to cover obligations over that period.

• The remaining four Rue du Progrès duplexes are intended for sale over the next 12 months; acquisition pipeline extends beyond 2026.