NexLiving Communities Inc. reported its financial results for the three- and twelve-month periods ending December 31, 2024. The company's suite count increased by 71% year-over-year to 1,998, with Net Operating Income (NOI) rising by 69% to $4.9 million for the quarter and 29% to $14.3 million for the year. Funds from Operations (FFO) also increased by 54% to $1.3 million for the quarter and 38.2% to $3.9 million for the year. Same property NOI increased by 4.8%, driven by higher revenue and expenses. The Devcore portfolio contributed $2.3 million in NOI with $1.1 million in interest expenses for Q4. Leverage improved to 67.7% and the weighted average interest rate decreased to 3.17% year-over-year. Key highlights include 1,998 suites, 96.4% occupancy, 67.7% Net Debt to Gross Book Value (GBV), and a Weighted Average Term to Debt Maturity of 4.2 years. As of December 31, 2024, the net asset value was $136,225,487 with a per share value of $4.12. The company aims to leverage its increased free cash flow for growth opportunities in 2025.