NexLiving Communities Inc (TSE:NXLV) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
NexLiving Communities Inc. reported record results for Q3 2024, driven by the acquisition of 991 suites from Devcore, which nearly doubled its portfolio size. This strategic move resulted in a 39% increase in funds from operations, reaching a milestone of $1.2 million for the quarter. The company also reduced leverage and is now better positioned for sustainable growth and long-term shareholder value.
For further insights into TSE:NXLV stock, check out TipRanks’ Stock Analysis page.