NexLiving Communities Reports Record Q3 2025 Results and Declares Quarterly Dividend

HALIFAX, Nova Scotia, Nov. 14, 2025 (GLOBE NEWSWIRE) — NexLiving Communities Inc. (“NexLiving” or the “Company”) announced operating and financial results for the three-month and nine-month periods ended September 30, 2025.

Stavro Stathonikos, President & CEO commented: “2025 has so far been a year of strong execution producing a milestone quarter for NexLiving. Q3 FFO per share was the highest ever, having increased +30% year-over-year, driven by both operational improvements and acquisition growth. In late Q2 we brought management of our Saint John portfolio in-house, resulting in a +13% increase in same-property NOI. Our recent Winnipeg acquisition is already contributing to FFO, and as construction progresses on our five-phase Ottawa townhome project, we expect to exercise our cashless option and add high-quality assets that will further drive growth in NOI and FFO per share.”

Summary of Results:

• Net operating income (“NOI”) increased by +52% to $5.3 million for the three-month period and +65% for the nine-month period ended September 30, 2025.
• Same property NOI increased +4.5%, driven by a +3.1% increase in revenue and offset by a +1.1% rise in expenses for the three-month period ended September 30, 2025.
• Funds from operations (“FFO”) increased +92% to $2.2 million and fully diluted FFO per share increased +30% to $0.07 for the three-month period ended September 30, 2025.

^{*Refer to section “Non-IFRS Financial Measures”}

Occupancy:

At the end of the quarter, the Company’s wholly-owned portfolio had an occupancy rate of 95.6%, reflecting a 30 basis point decrease from Q2, driven by normal tenant turnover during the summer leasing period. Subsequent to quarter end, the Company continued to make occupancy gains in all regions, and as of November 13, 2025, the Company’s occupancy was 97.2%.

Fair Value of Investment Properties:

The Company’s overall weighted average capitalization rate as at quarter end, was 4.90%, up 8 basis points from year end. The fair value gain of $0.4 million for the quarter and $8.5 million year-to-date, reflects NOI growth realized during the period, as well as forecasted NOI improvements from anticipated rent increases and operating expense improvements.

Property Sale:

Subsequent to quarter end, the Company sold a non-core 10-unit property in Gatineau, Quebec for $2.0 million. The asset generated $58,976 of NOI over the past four quarters, implying a 2.95% capitalization rate. The property was unencumbered at the time of sale.

As part of its ongoing portfolio optimization strategy, the Company has identified certain additional non-core properties in its portfolio that are being evaluated for disposition.

NCIB Activity:

Subsequent to quarter end, the Company purchased for cancellation 45,200 shares at a cost of $105,948, representing a weighted average share price of $2.33.

Dividend:

The Company’s board of directors has approved and declared a dividend of $0.01 per common share for the quarter ending December 31, 2025, representing $0.04 per share on an annualized basis. The dividend is payable on December 24, 2025, to shareholders of record at the close of business on December 5, 2025.

About the Company

NexLiving continues to execute on its plan to acquire recently built or refurbished, highly leased multi-residential properties in secondary markets across Canada. NexLiving aims to deliver exceptional living experiences to our residents and provide comfortable, affordable housing solutions that cater to a wide range of demographics. The properties offer a range of modern and updated suites, with a variety of amenities and features that allow residents to experience a hassle-free and maintenance-free lifestyle. NexLiving is committed to investing in its properties to ensure that they are modern and up to date. The Company currently owns 2,073 units in New Brunswick, Quebec, Ontario and Manitoba. NexLiving has also developed a robust pipeline of qualified properties for potential acquisition. By screening the properties identified to match the criteria set out by the Company (proximity to healthcare, amenities, services and recreation), management has identified a number of attractive acquisition targets.

For more information about NexLiving, please refer to our website at www.nexliving.ca and our public disclosure at www.sedarplus.ca.

Forward-Looking Statements

This news release forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “projects”, “estimates”, “forecasts”, “intends”, “continues”, “anticipates”, or “does not anticipate” or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements contained in this news release include, but are not limited to, management’s expectations of additional rental increases to come into effect by year end and the further enhancement of the Company’s financial results. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. These forward-looking statements reflect the current expectations of the Company’s management regarding future events and operating performance, but involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual events could differ materially from those projected herein and depend on a number of factors. These risks and uncertainties are more fully described in regulatory filings, which can be obtained on SEDAR at www.sedarplus.ca, under NexLiving’s profile, as well as under Risk Factors section of the MD&A released on November 13, 2025. Although forward-looking statements contained in this new release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this new release speak only as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

Non-IFRS Financial Measures

The Company prepares and releases unaudited consolidated interim financial statements and audited consolidated annual financial statements prepared in accordance with IFRS. In this and other earnings releases, as a complement to results provided in accordance with IFRS, NexLiving discloses financial measures not recognized under IFRS which do not have standard meanings prescribed by IFRS. These include FFO, FFO (cents per share) – diluted, FFO payout ratio, Debt to GBV and same-property metrics (collectively, the “Non-IFRS Measures”). These Non-IFRS Measures are further defined and discussed in the MD&A dated November 13, 2025, which should be read in conjunction with this news release. Since these measures are not recognized under IFRS, they may not be comparable to similar measures reported by other issuers. The Company presents the Non-IFRS measures because management believes these Non-IFRS measures are relevant measures of the ability of NexLiving to earn revenue and to evaluate its performance and cash flows. A reconciliation of these Non-IFRS measures is included in the MD&A dated November 13, 2025. The Non-IFRS measures should not be construed as alternatives to net income (loss) or cash flows from operating activities determined in accordance with IFRS as indicators of the Company’s performance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

For further information please contact:
Stavro Stathonikos
sstathonikos@nexliving.ca
416-876-6617