Nexpoint Residential Tr Inc Stock Price, News & Analysis

NexPoint Residential Trust (NYSE:NXRT) reported mixed Q1 2025 financial results, with a net loss of $6.9M compared to net income of $26.3M in Q1 2024. The company's total revenue decreased to $63.2M from $67.6M year-over-year.

Key performance metrics showed some challenges: Same Store properties experienced decreases in total revenue (-1.0%), NOI (-3.8%), and average effective rent (-1.3%). The portfolio's weighted average effective monthly rent was $1,495 with 94.4% occupancy across 12,984 units.

Despite headwinds, NXRT maintained its upgrade strategy, completing 210 full and partial upgrades in Q1, achieving a 16.1% ROI with average monthly rent premiums of $62. The company paid a quarterly dividend of $0.51 per share and announced a new five-year $100M SOFR swap with JP Morgan Chase Bank at a 3.489% fixed rate.

NexPoint Residential Trust (NYSE: NXRT) has declared its latest quarterly dividend. The company's board of directors unanimously approved a dividend payment of $0.51 per share of NXRT common stock.

The dividend will be distributed on June 30, 2025, to stockholders who are recorded as of June 16, 2025. This announcement, made from Dallas, represents the company's commitment to delivering value to its shareholders through regular dividend distributions.

NexPoint Residential Trust (NXRT) has scheduled its first quarter 2025 earnings conference call for Tuesday, April 29, 2025, at 11:00 a.m. ET. The company will release its Q1 2025 financial results before market open on the same day.

Investors can access the call via phone by dialing 888-660-4430 (US) or +1 646-960-0537 (international) using passcode 5001576. A live audio webcast will be available on the company's website at https://nxrt.nexpoint.com under 'Resources'. The webcast replay will be accessible for 60 days, while a phone replay will be available through May 13, 2025, via 800-770-2030 (US) or +1 647-362-9199 (international) using the same passcode.

NexPoint Residential Trust (NYSE: NXRT) has announced key dates for its 2025 Annual Meeting of Stockholders. The meeting will be held virtually on Tuesday, May 20, 2025, at 10:00 a.m. Central Time. The record date for determining stockholder voting eligibility is set for Monday, March 24, 2025.

Stockholders of record as of the close of business on March 24, 2025, will have the opportunity to vote and participate in Q&A through an online platform. While there will be no physical meeting location, detailed instructions for accessing the virtual meeting will be provided in the upcoming proxy materials.

NexPoint Residential Trust (NXRT) reported its financial results for Q4 and full year 2024. The company posted net income of $1.1M for 2024, down significantly from $44.3M in 2023, primarily due to decreased gains on real estate sales and rental income, plus increased debt extinguishment losses.

For full year 2024, NXRT achieved total revenues of $259.7M (down from $277.5M in 2023) and Same Store NOI increased 0.9% to $154.1M. The company completed property sales totaling $166.8M and maintained a 94.7% physical occupancy rate with average monthly rent per unit of $1,491 across its 35-property portfolio.

NXRT's value-add strategy continued with 388 unit upgrades completed in 2024, achieving a 24.7% ROI with average monthly rent premiums of $153. The company also increased its dividend by 10.3% in Q4 and repurchased 438,678 shares at an average price of $33.19, representing a 36% discount to NAV.

NexPoint Residential Trust (NYSE: NXRT) has announced that its board of directors has unanimously approved a quarterly dividend of $0.51 per share of NXRT common stock. This dividend will be payable on March 31, 2025, to stockholders of record on March 14, 2025.

The announcement was made on February 25, 2025, from Dallas. The unanimous board approval suggests strong corporate confidence in the company's financial position and commitment to returning value to shareholders through consistent dividend payments.

NexPoint Residential Trust (NXRT) has released its final income allocations for 2024 dividend distributions on common stock. The company paid total dividends of $1.89726 per share across four quarterly distributions. The dividend composition includes:

- 67.92% ($1.28868) as Taxable Capital Gain Distribution
- 32.08% ($0.60858) as Return of Capital
- $0.80245 as Unrecaptured Section 1250 Gain

The quarterly dividends were $0.46242 for the first three quarters and increased to $0.51000 for the fourth quarter. All capital gain dividends relate to Section 1231 gains, with both One Year Amounts and Three Year Amounts being zero for Section 1061 purposes.

NexPoint Residential Trust NXRT has scheduled its fourth quarter and full year 2024 earnings conference call for Tuesday, February 25, 2025, at 11:00 a.m. ET. The company will release its financial results before market open on the same day.

Investors can access the call by dialing 888-660-4430 (US) or +1 646-960-0537 (international) using passcode 5001576. A live webcast will be available on the company's website at https://nxrt.nexpoint.com under Resources. The replay will be accessible until March 11, 2025, via phone at 800-770-2030 (US) or +1 647-362-9199 (international) using the same passcode.

NexPoint Residential Trust (NXRT) has completed refinancing 17 properties through JP Morgan Chase Bank. Combined with previous refinancings, the company has refinanced 34 loans totaling $1.469 billion, representing 97.8% of total outstanding debt. The refinancing improves interest rates and extends weighted average debt maturity to 6.82 years from 5.54 years. The company's weighted average interest rate on total debt reduces by 48 bps to 5.65%, and adjusted for swap contracts, decreases from 3.44% to 2.95%. NXRT now has no significant debt maturities until 2028.