NexLiving Communities (NXLV) Q1 2026 earnings summary

Executive summary

• Achieved same-property NOI growth of 5% and FFO per share growth of 11% in Q1 2026, driven by operational improvements and disciplined cost management.

• Maintained strong occupancy at 96.6% at quarter-end, with post-quarter occupancy rising to 97.3% by May 14, 2026.

• Completed sale of a non-core 15-unit property in Gatineau, Quebec for $2.9 million, at a premium capitalization rate.

Financial highlights

• Net operating income (NOI) increased 5% year-over-year to $5.1 million for Q1 2026.

• Funds from operations (FFO) rose 11% to $1.9 million, with fully diluted FFO per share up 11% to $0.06.

• NOI margin improved by 100 basis points to 57.9% compared to Q1 2025.

• Net asset value per share increased 1.9% to $4.31 from December 31, 2025.

Outlook and guidance

• Management expects additional rental increases to take effect by year-end, further enhancing financial results.

• Ongoing evaluation of acquisition targets and non-core asset dispositions as part of portfolio optimization.