NexLiving Communities reports Q4 2025 results, promotes Shethwala to CFO

NexLiving Communities Inc. (TSXV: NXLV) reported financial results for the fourth quarter and year ended December 31, 2025, and announced the promotion of Ahmed Shethwala to Chief Financial Officer effective April 9, 2026.

The company's net operating income increased 7% to $5.3 million for the three-month period and 45% for the full year compared to 2024. Same property net operating income rose 4.1% in the quarter, driven by a 3.5% increase in revenue partially offset by a 2.6% rise in expenses.

Funds from operations increased 53% to $2.0 million for the quarter, while fully diluted funds from operations per share grew 53% to $0.06. For the full year, funds from operations rose 92.2% to $7.5 million.

The company's portfolio consisted of 2,073 suites at quarter end, up from 1,998 suites a year earlier. Occupancy reached 96.8% at December 31, 2025, compared to 96.4% in the prior year. Net asset value per share increased to $4.23 from $4.12 a year earlier.

Ahmed Shethwala will succeed Glenn Holmes as CFO. Holmes has served in the role since 2018 and will retire but continue as Corporate Secretary. Shethwala joined the company in 2022 and has been Vice President, Finance since 2024. He holds a CPA designation and previously worked at National Bank Financial and KPMG LLP.

The company's weighted average capitalization rate was 5.04% at quarter end, an increase of 22 basis points from December 31, 2024. NexLiving completed the sale of a 15-unit property in Gatineau, Quebec for $2.9 million subsequent to year end.

From January 1 to March 31, 2026, the company purchased and cancelled 94,300 shares under its normal course issuer bid for $212,862, representing an average price of $2.26 per share.

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