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 satisfying the needs of 55+ residents, who are primarily retired, or close to retirement, who are downsizing their home footprint and seeking a lock-and-leave lifestyle. Its apartment buildings are newly built class A, low- and mid-rise with modern or high-end fixtures with an elevator and underground heated parking and storage. It has also developed a robust pipeline of properties for potential acquisition. It offers a range of modern and updated suites with one to three bedrooms, with a variety of amenities and features that allow residents to experience a hassle-free and maintenance-free lifestyle.

TSXV:NXLV - Post by User

NexLiving Communities Inc > Downward Spiral

<< Previous

Bullboard Posts

Next >>

Comment by Tslayeron Dec 06, 2023 5:04pm

82 Views

Post# 35771864

RE:Downward Spiral

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.

<< Previous

Bullboard Posts

Next >>

One of the strongest contenders to lead Canada’s cannabis market