NexPoint Residential Trust, Inc. Provides Update on Hurricane Milton

Rhea-AI Summary

NexPoint Residential Trust, Inc. (NYSE: NXRT) has reported that its properties have emerged unscathed from Hurricane Milton. The company stated that none of its properties suffered any material damages due to the hurricane. NXRT has committed to providing further updates should there be any significant changes to this situation. This announcement serves to reassure investors and stakeholders about the integrity of NXRT's property portfolio in the wake of the recent hurricane.

Positive

• No material damages to NXRT properties from Hurricane Milton

Negative

• None.

DALLAS, Oct. 15, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company's properties did not sustain any material damages as a result of Hurricane Milton. The Company plans to provide additional updates in the event of a material change.

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. More information about the Company is available at https://nxrt.nexpoint.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "plan" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, providing updates in connection with any material damage to the Company's communities due to Hurricane Milton. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this release and except as required by law, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

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SOURCE NexPoint Residential Trust, Inc.

FAQ

How did Hurricane Milton affect NexPoint Residential Trust (NXRT) properties?

According to NXRT's update on October 15, 2024, the company's properties did not sustain any material damages as a result of Hurricane Milton.

When did NXRT provide an update on Hurricane Milton's impact?

NXRT provided an update on Hurricane Milton's impact on October 15, 2024.

Will NXRT provide further updates on Hurricane Milton's impact?

Yes, NXRT stated that they plan to provide additional updates in the event of a material change to the situation.

What is the stock symbol for NexPoint Residential Trust?

The stock symbol for NexPoint Residential Trust is NXRT, and it is listed on the New York Stock Exchange (NYSE).