Canada's NexLiving Q1 FFO per share up on cost discipline

NexLiving Communities

15/05/2026 12:12

Overview

Canada multi-family real estate firm's Q1 NOI grew 5% yr/yr, driven by higher revenue

FFO per share for Q1 rose 11% yr/yr, reflecting disciplined cost management

Company completed sale of non-core property and repurchased shares under NCIB

Outlook

Company expects additional rental increases to come into effect by year end

NexLiving continues to evaluate non-core asset dispositions and accretive acquisitions

Company declares quarterly dividend of C$0.01 per share for Q2 2026

Result Drivers

REVENUE GROWTH - Same-property NOI rose 5% in Q1, driven by a 3.4% increase in revenue, partially offset by a 1.2% rise in expenses

COST MANAGEMENT - Disciplined cost management and operational improvements contributed to higher margins and free cash flow, per CEO Stavro Stathonikos

Company press release: ID:nGNX9wSJvh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Operating Income
C$5.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for NexLiving Communities Inc is C$2.63, about 36.7% above its May 14 closing price of C$1.92

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)