NexLiving Communities (NXLV) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 2025 results with 53% growth in cash flow per share, driven by operational internalization and acquisitions.

• Entered 2026 with a technology-enabled platform and focus on unlocking value and accretive acquisitions.

• Promoted Ahmed Shethwala to CFO, succeeding Glenn Holmes, who will remain as Corporate Secretary.

Financial highlights

• Net operating income (NOI) rose 7% to $5.3M for Q4 and 45% to $20.7M for the year ended Dec 31, 2025.

• Funds from operations (FFO) increased 53% to $2.0M for Q4 and 92% to $7.5M for the year.

• Fully diluted FFO per share up 53% to $0.06 for Q4 and 29% to $0.23 for the year.

• NOI margin improved to 59.9% for the year, up 50 bps year-over-year.

• Same property NOI grew 4.1% in Q4 and 3.5% for the year, with revenue up 3.5% and expenses up 2.6% in Q4.

Outlook and guidance

• Management expects additional rental increases by year-end and further financial enhancement.

• Focus remains on value creation within the existing portfolio and disciplined capital deployment into accretive acquisitions.