NexLiving Communities Inc. (V:NXLV)
Business Focus: Residential Real Estate Rental & Development
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 1550 BEDFORD HIGHWAY SUITE 802, SUN TOWER BEDFORD NS B4A 1E6 |
| Tel: | 1-416-8766617 |
| Website: | https://nexliving.ca |
| IR: | See website |
| Key People | ||
| Michael Theodore Mathew Anaka Executive Vice Chairman of the Board | Glenn A. Holmes Chief Financial Officer | |
| Business Overview |
| NexLiving Communities Inc. is a Canada-based company, which invests in multi-family properties in bedroom communities. The Company is principally engaged in the ownership and management of multi-unit residential real estate with a focus on low and mid-rise properties in bedroom communities across Canada. The Company owns 1,166 units in New Brunswick and Ontario. The Company is focused on satisfying the needs of 55+ residents, who are primarily retired, or close to retirement, who are downsizing their home footprint and seeking a lock-and-leave lifestyle. Its apartment buildings are newly built class A, low- and mid-rise with modern or high-end fixtures with an elevator and underground heated parking and storage. It has also developed a robust pipeline of properties for potential acquisition. It offers a range of modern and updated suites with one to three bedrooms, with a variety of amenities and features that allow residents to experience a hassle-free and maintenance-free lifestyle. |
| Financial Overview |
| For the nine months ended 30 September 2023, NexLiving Communities Inc revenues increased 60% to C$13.7M. Net income decreased 84% to C$836K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by FV Adjustments on Investment Property decrease from C$4.1M (income) to C$1.1M (expense), Interest expense increase from C$1.7M to C$4.4M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $162.27M as of Sep 30, 2023 |
| Annual revenue (TTM): | $16.96M as of Sep 30, 2023 |
| EBITDA (TTM): | $8.09M as of Sep 30, 2023 |
| Net annual income (TTM): | $3.20M as of Sep 30, 2023 |
| Free cash flow (TTM): | $4.22M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $165.72M as of Sep 30, 2023 |
| Shares outstanding: | 16,464,483 as of Dec 29, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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