Business
NexLiving Communities Announces Property Disposition and Declares Quarterly Dividend
HALIFAX, Nova Scotia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- (TSXV: NXLV) -- NexLiving Communities I...
About this update from Nexliving Communities Inc
[{"type":"text","content":"NexLiving Communities Announces Property Disposition and Declares Quarterly Dividend\nHALIFAX, Nova Scotia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- (TSXV: NXLV) -- NexLiving Communities Inc. (“NexLiving” or the “Company”) announced the disposition of its 15-unit property located at 24–28 Rue de la Futaie in Gatineau, QC for $2.9 million in net proceeds. The transaction price implies a 3.16% capitalization rate based on the trailing twelve-month net operating income. The asset was unencumbered by mortgage financing at the time of disposition. This non-core asset sale is consistent with the Company’s disciplined capital allocation strategy, which includes selectively recycling capital from non-core assets into opportunities that enhance portfolio quality, scale, and long-term value creation. The Company’s board of directors has approved and declared a dividend of $0.01 per common share for the quarter ending March 31, 2026, representing $0.04 per share on an annualized basis. The dividend is payable on March 27, 2026, to shareholders of record at the close of business on March 6, 2026. About the Company NexLiving continues to execute on its plan to acquire recently built or refurbished, highly leased multi-residential properties in bedroom communities across Canada. NexLiving aims to deliver exceptional living experiences to our residents and provide comfortable, affordable housing solutions that cater to a wide range of demographics. The properties offer a range of modern and updated suites, with a variety of amenities and features that allow residents to experience a hassle-free and maintenance-free lifestyle. NexLiving is committed to investing in its properties to ensure that they are modern and up to date. For its recently acquired properties in Ontario, the Company has undertaken a targeted value-add capital program to modernize and reposition the large existing suites. The Company currently owns 2,058 units in New Brunswick, Ontario and Quebec. NexLiving has also developed a robust pipeline of qualified properties for potential acquisition. By screening the properties identified to match the criteria set out by the Company (proximity to healthcare, amenities, services and recreation), management has assembled a significant pipeline of potential acquisitions for consideration by the...