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NexPoint Residential Trust Inc - NXRT STOCK NEWS

Welcome to our dedicated news page for NexPoint Residential Trust (Ticker: NXRT), a resource for investors and traders seeking the latest updates and insights on NexPoint Residential Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NexPoint Residential Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NexPoint Residential Trust's position in the market.

News
NexPoint Residential Trust, Inc. Announces First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) will host a conference call on April 30, 2024, to discuss first quarter financial results. The call can be accessed live over the phone or online. A replay will also be available for 60 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.07%
Tags
earnings
-
News
NexPoint Residential Trust, Inc. Announces Record Date and Date of 2024 Annual Meeting of Stockholders
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) announced the record date for the 2024 Annual Meeting of Stockholders, set for May 7, 2024, to be held virtually. Stockholders can vote and ask questions online. Attendance is restricted to stockholders of record and beneficial owners with proof of ownership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
none
-
News
NexPoint Residential Trust, Inc. Completes the Sale of Old Farm and Will Repay the Full Outstanding Balance on the Corporate Credit Facility
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) announced the successful sale of Old Farm in Houston, TX, for $84.7 million, resulting in net proceeds of approximately $49.4 million. The property, acquired in 2016, delivered exceptional financial performance with a 5.36% cap rate, 22.14% levered internal rate of return, and a 2.98x multiple on invested capital. The Company used a portion of the proceeds to pay down $24 million on its corporate credit facility, aiming for strategic de-leveraging and balance sheet enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
News
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) reported financial results for Q4 and full year 2023, highlighting significant increases in net income, FFO, Core FFO, and AFFO compared to the previous year. The company achieved growth in Same Store properties' rent, revenue, and NOI, with a 10.1% dividend increase. NXRT also completed property sales, upgrades, and reduced corporate credit facility debt in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
Tags
earnings
-
News
NexPoint Residential Trust, Inc. Announces Quarterly Dividend
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) declares a dividend of $0.46242 per share, approved by the board of directors, payable on March 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.92%
Tags
dividends
-
News
NexPoint Residential Trust, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) will host a conference call to discuss its fourth quarter and full year 2023 financial results on February 20, 2024. The call will be accessible via phone and live audio webcast. A replay will also be available online and through phone until March 5, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
Tags
earnings
News
NexPoint Residential Trust Announces 2023 Dividend Income Tax Treatment
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) has announced the final income allocations of the Company's 2023 dividend distributions on its common stock. The total distribution per share for 2023 was $1.72242, with $0.55079 as return of capital per share. The company also disclosed additional information related to the capital gain distributions reported on Form 1099-DIV.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.63%
Tags
dividends
-
News
NexPoint Residential Trust, Inc. Completes the Sale of Timber Creek and Further Paydown of the Corporate Credit Facility
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) announced the successful sale of Timber Creek in Charlotte, NC, a 352-unit property, delivering impressive financial results. The property was sold for $22.8 million, generating net proceeds of approximately $24.5M. The Company used the proceeds to pay down $17 million on its corporate credit facility, reducing the drawn balance to $24 million, a 92.8% reduction from September 30, 2022. NXRT's strategic de-leveraging and balance sheet improvement initiatives are well underway, positioning the company for future growth and shareholder value enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
none
-
News
NexPoint Residential Trust, Inc. to Participate at Nareit's REITworld: 2023 Annual Conference
Rhea-AI Summary
NXRT - NexPoint Residential Trust, Inc. Announces Participation in Nareit's REITworld: 2023 Annual Conference. CFO, EVP-Finance, Secretary, Treasurer, EVP-Chief Investment Officer, and VPs to meet investors. Meeting materials to be posted on company website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
conferences
News
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2023 RESULTS
Rhea-AI Summary
NexPoint Residential Trust, Inc. (NXRT) reported Q3 2023 financial results with net income of $33.7M, FFO of $14.5M, Core FFO of $17.1M, and AFFO of $20.0M. The company achieved a 3.1% increase in Q3 Same Store properties' average effective rent and a 10.1% increase in quarterly dividend. NXRT completed the sale of Silverbrook for $70.0M and made a $16.0M paydown on its credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
earnings
Stock NXRT logo
NexPoint Residential Trust Inc

NYSE:NXRT

NXRT Rankings

#2569 Ranked by Market Cap
#4390 Ranked by Stock Gains
#513 Ranked by Dividends

NXRT Stock Data

1.65B
22.59M
12.63%
79.16%
1.52%
Other Activities Related to Real Estate
Real Estate and Rental and Leasing
Link
US
Dallas

About NXRT

nexpoint residential trust is a publicly traded reit, with its shares listed on the new york stock exchange under the symbol "nxrt," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the southeastern and southwestern united states. nxrt is externally advised by nexpoint real estate advisors, l.p., an affiliate of nexpoint advisors, l.p., an sec-registered investment advisor, which has extensive real estate experience.