-- NexLiving Communities (NXLV.V) Friday said fourth-quarter funds from operations (FFO) jumped 53%.
The multi-family real-estate company said FFO rose to $2.0 million, or $0.06 per share, from $1.3 million, or $0.04 per share, in the previous corresponding quarter,
Net operating income increased 7.4% to $5.3 million, a statement said.
NexLiving also said Ahmed Shethwala has been promoted to chief financial officer, effective immediately. Shethwala joined the company in 2022 and has served as vice president, finance since 2024.
He succeeds Glenn Holmes, who is retiring from the role.
NexLiving shares were last seen up $0.03 to $1.98 on the TSX Venture Exchange.
Price: $1.98, Change: $+0.03, Percent Change: +1.54%