Nexpoint Residential Trust Announces 2024 Dividend Income Tax Treatment
NexPoint Residential Trust (NXRT) has released its final income allocations for 2024 dividend distributions on common stock.
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Rhea-AI Summary
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.
Positive
- Increased Q4 dividend to $0.51 from $0.46242 in previous quarters
- Total annual dividend distribution of $1.89726 per share
- 32.08% of distribution classified as Return of Capital, which is tax-advantaged for shareholders
Negative
- No ordinary income component in dividend distribution, indicating possible lack of operating income
Details
News Market Reaction – NXRT
The recorded move for NXRT in the trading session of this news was -0.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Common Shares (CUSIP #65341D102)
Ex |
Record |
Payable |
Distribution | Taxable Per Share (1) | Taxable Per Share (2)(3) | Unrecap. Gain |
Return of |
3/14/2024 | 3/15/2024 | 3/28/2024 | |||||
6/14/2024 | 6/14/2024 | 6/28/2024 | |||||
9/13/2024 | 9/13/2024 | 9/30/2024 | |||||
12/13/2024 | 12/13/2024 | 12/31/2024 | |||||
Totals |
|
|
|
(1) |
(2) The Section 897 Capital Gain amount is equal to |
(3) Pursuant to Treasury Regulation §1.1061-6(c), NexPoint Residential Trust is disclosing additional information related to the capital gain distributions reported on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." The "One Year Amounts" and "Three Year Amounts" required to be disclosed are both zero with respect to the 2024 distributions, since all capital gain dividends relate to Section 1231 gains. |
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
CONTACTS
Investor Relations
Kristen (Thomas) Giffith
IR@nexpoint.com
Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com
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SOURCE NexPoint Residential Trust, Inc.
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