NexLiving Communities (NXLV) Q2 2026 earnings summary

Executive summary

• Achieved 98% occupancy, up 120 bps from December 2025 and 140 bps from March 2026, reflecting strong operational performance across all regions.

• NOI margin improved by 140 bps, driving 5.0% organic same-property NOI growth and 14% growth in fully diluted FFO per share year-over-year.

• NAV per share increased 7% in the first half of 2026, with $12.6 million in cash available for acquisitions and growth.

Financial highlights

• Net operating income rose 4.6% to $5.5 million for Q2 2026 compared to Q2 2025.

• Same-property NOI increased 5.0%, with revenue up 3.2% and expenses up 0.5% year-over-year.

• FFO increased 13.3% to $1.8 million, and fully diluted FFO per share rose 13.6% to $0.06 for Q2 2026.

• Fair value gains on investment properties totaled $9.5 million for Q2 and $11.0 million for the first half, driven by higher rents and cost savings.

Outlook and guidance

• Management expects additional rental increases by year-end and further financial enhancement.

• Positioned to pursue accretive acquisitions and continue portfolio and cash flow growth in H2 2026.