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Bullboard - Stock Discussion Forum NexLiving Communities Inc V.NXLV

Alternate Symbol(s):  NXLCF

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... see more

TSXV:NXLV - Post Discussion

NexLiving Communities Inc > Downward Spiral
View:
Post by Tslayer on Sep 29, 2023 11:55am

Downward Spiral

Down 26% from RS price. How low will it go? All Canadian REITs are taking a beating from increased interest rates and market turmoil. It wouldn't surprise me if SP is under $1.50 by year end.
Comment by Tslayer on Dec 06, 2023 5:04pm
This is painful. Down 135% since consolidation and no sign of turning around. This could fall below $1.00 in mid 2024. Other apartment REITs have started to turn things around unlike this stock. I'm sure the dividend, small as it is, will be cut if ideclines continue and the SP will go back to the $0.20 - $0.30 range where it was 3 - 4 years ago. 
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