Northview Residential REIT Achieves Remarkable Q3 Growth and Debt Reduction
Calgary, Thursday, 6 November 2025.
Northview Residential REIT reported significant same-door NOI growth and reduced leverage by 140 basis points in Q3 2025, highlighting strategic success amid economic fluctuations.
Strategic Success in Q3
Northview Residential REIT (TSX: NRR.UN) has reported a significant growth in same-door net operating income (NOI) for the third quarter of 2025, achieving a 6.5% increase year-over-year. This growth was propelled by average monthly rent (AMR) gains across all regions, underscoring the company’s robust performance in the multi-residential sector [1][2].
Leverage Reduction and Financial Stability
In addition to NOI growth, Northview reduced its leverage by 140 basis points since December 31, 2024, marking a pivotal move towards enhanced financial stability. This reduction was supported by a decrease in interest expenses amounting to CAD 3.5 million, primarily due to lower credit facility interest expenses [1][2].
Asset Sales and Impact on Financial Metrics
Northview’s strategic sale of non-core assets, which amounted to CAD 164 million, significantly contributed to its leverage reduction. This sale was completed ahead of schedule and has reduced the company’s floating rate exposure to 13.0%. Additionally, the funds from operations (FFO) increased to CAD 18.614 million in Q3 2025 from CAD 17.327 million in the same period the previous year [1][3].
Outlook and Future Growth
Looking forward, Northview’s commercial portfolio is expected to see an improvement in occupancy by nearly 500 basis points by mid-2026, suggesting potential for further growth. The company remains focused on maintaining financial stability and operational efficiency, as articulated by CEO John Smith and CFO Jane Doe in their commitment to leverage reduction and NOI growth [2][4].