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NexLiving Communities Inc. (V:NXLV)

Business Focus: Residential Real Estate Rental & Development

Sector:  Real Estate Industry:  Real Estate Rental, Development & Operations
See Regulatory Filings on SEDAR
Company Contact
Address: 1969 Upper Water St Suite 2108
Tel: 1-902-4832308
IR: See website
Key People
Michael Theodore Mathew Anaka
President, Chief Executive Officer, Director
Glenn A. Holmes
Chief Financial Officer
Business Overview
NexLiving Communities Inc., formerly is a Vivere Communities Inc., is a Canada-based company that develops multi-family residential real estate projects. The Company is engaged in acquiring recently built or refurbished, highly leased multi-residential properties in bedroom communities in Eastern Canada. The Company owns approximately 549 units in New Brunswick (Moncton and Saint John) and Ontario (Oshawa). The Company has developed a robust pipeline of qualified properties for potential acquisition. The Company seeks to satisfy the needs of emerging 55+ residents. The 55+ demographic includes approximately 9.7 million Canadians. The Company intends to introduce third party supplied services, such as pharmacy, light housekeeping, pet care, grocery and dry-cleaning delivery, information technology (Internet, television, video) delivery and support, and other services, which improves the lives of residents.
Financial Overview
For the nine months ended 30 September 2021,NexLiving Communities Inc revenues increased from C$2.3M toC$5.5M. Net loss increased 12% to C$2M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Higher net lossreflects Depreciation expense increase from C$715K toC$1.7M (expense), Interest expense increase of 95% toC$1.3M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $90.67M as of Sep 30, 2021
Annual revenue (TTM): $6.75M as of Sep 30, 2021
EBITDA (TTM): $2.36M as of Sep 30, 2021
Net annual income (TTM): -$2.42M as of Sep 30, 2021
Free cash flow (TTM): $0.69M as of Sep 30, 2021
Net Debt Last Fiscal Year: $66.81M as of Sep 30, 2021
Shares outstanding: 151,112,482 as of Oct 6, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization