NexLiving Communities Inc (TSE:NXLV) has released an update.
NexLiving Communities Inc. has reported a robust start to 2024 with substantial growth in revenue and net operating income, highlighting a 17% increase in property revenue and a 23% increase in NOI for Q1. The company’s strong performance is attributed to double-digit same property NOI growth and a high portfolio occupancy rate of 96.4%. Additionally, funds from operations (FFO) per share saw a significant rise of 34%, reflecting NexLiving’s successful operational improvements and strategic initiatives.
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