Welcome to our dedicated page for Nexpoint Residential Tr news (Ticker: NXRT), a resource for investors and traders seeking the latest updates and insights on Nexpoint Residential Tr stock.
NexPoint Residential Trust, Inc. (NXRT) is a publicly traded real estate investment trust listed on the New York Stock Exchange and NYSE Texas, 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 in the Southeastern and Southwestern United States. This news page aggregates company announcements and third-party coverage related to NXRT’s operations, portfolio, financing activities, and corporate developments.
Readers can find updates on quarterly and year-to-date financial results, where NXRT reports metrics such as total revenues, net income (loss) attributable to common stockholders, depreciation and amortization, funds from operations (FFO), Core FFO, adjusted FFO (AFFO), and net operating income (NOI). These releases often include detailed reconciliations of non-GAAP measures to net income (loss), as well as discussions of same-store performance, occupancy, average effective rent, and property-level trends across the multifamily portfolio.
News items also cover capital allocation and balance sheet actions, including the company’s corporate revolving credit facility, share repurchase activity, and dividend declarations approved by the board of directors. NXRT’s announcements describe the terms of its credit facility, such as maturity, potential upsizing, interest rate structure tied to SOFR or a base rate, and key financial covenants, along with commentary on how this facility may support acquisitions, working capital, and other corporate purposes.
In addition, the NXRT news feed features corporate and investor relations events, such as scheduled earnings conference calls, replay information, and participation in Nareit investor conferences where members of management meet with investors. Governance-related disclosures, including matters reported on Form 8-K, may also be reflected in coverage of board decisions and other material events. Investors and analysts can use this page to follow the company’s ongoing communications about its multifamily investment strategy, portfolio upgrades, and cash distribution practices.
NexPoint Residential Trust (NXRT) has posted its presentation for Nareit's REITWeek Investor Conference on its website. Management will engage in a round table discussion on June 9, 2021, at 11:00 AM ET. As of June 7, 2021, NXRT's average monthly rent was $1,149 per unit, with a portfolio occupancy of 95.6%. Current cash collections reached 97.9% of scheduled rent for May 2021, showing resilience amidst challenges. Only 0.8% of units requested assistance, indicating stable performance.
NexPoint Residential Trust (NXRT) announced its participation in the Nareit's REITWeek: 2021 Investor Conference, scheduled to take place virtually from June 8-10, 2021. Key executives, including CFO Brian Mitts and CIO Matthew McGraner, will present and engage with investors. Meeting materials will be available on the NXRT website on June 8. The company focuses on acquiring and operating multifamily properties with value-add potential, primarily in urban areas of the Southeastern and Southwestern U.S.
NexPoint Residential Trust (NYSE:NXRT) collaborates with EcoSystems and BH Management to enhance the Avant at Pembroke Pines, achieving significant water and energy conservation upgrades. These improvements cut water usage by 61% and energy consumption by 80%, saving over 52.6 million gallons of water and reducing 1,000 metric tons of CO2 emissions annually. This project adds to EcoSystems' portfolio of 36 conservation projects, which collectively saved 805 million gallons of water and $5.9 million in costs. The partnership also secured a $47,500 rebate, the largest of its kind in Pembroke Pines.
NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a quarterly dividend of $0.34125 per share, scheduled for payment on June 30, 2021. Stockholders of record as of June 15, 2021 will be eligible to receive the dividend. This announcement reflects NXRT's ongoing commitment to return value to its shareholders while actively managing its multifamily property portfolio in key markets across the Southeastern and Southwestern United States.
NexPoint Residential Trust (NYSE:NXRT) reported a net loss of $(6.9M) for Q1 2021, down from a net income of $28.0M in Q1 2020. Total revenues decreased to $51.8M from $52.6M year-over-year. However, FFO increased to $13.8M from $12.4M, and AFFO rose to $16.0M from $15.3M. Same Store properties showed a 1.2% increase in average effective rent, while NOI dropped 0.3%. The company maintained a dividend of $0.34125 per share. NXRT hosted a conference call to discuss the results on April 27, 2021.
NexPoint Residential Trust (NXRT) has scheduled a conference call on April 27, 2021, at 11:00 a.m. ET to discuss first-quarter financial results. A press release will precede the call, providing key financial metrics before market open. Investors can join the call via phone or an online webcast. A replay will be available until May 4, 2021. NXRT focuses on managing middle-income multifamily properties primarily in the Southeastern and Southwestern U.S., benefiting from a value-add strategy for real estate investments.
NexPoint Residential Trust (NYSE: NXRT) has announced that the record date for stockholders entitled to vote at its 2021 Annual Meeting is April 5, 2021. The meeting will occur virtually on May 11, 2021, at 10:00 a.m. Central Time due to COVID-19 safety measures. Stockholders of record can participate and vote through an online platform. Additional details will be provided in the proxy materials. NXRT focuses on acquiring and operating middle-income multifamily properties, primarily in the Southeastern and Southwestern United States.
NexPoint Residential Trust (NYSE: NXRT) announced that Brian Mitts, CFO, Matt McGraner, CIO, and Bonner McDermett, VP, will virtually present at the Raymond James Institutional Investors Conference on March 1, 2021. Meeting materials will be available on NXRT's website that morning. NexPoint Residential Trust focuses on acquiring and operating middle-income multifamily properties with value-add potential, primarily in the Southeastern and Southwestern United States. For more details, visit nxrt.nexpoint.com.
NexPoint Residential Trust, Inc. (NYSE: NXRT) has announced a quarterly dividend of $0.34125 per share, payable on March 31, 2021. Stockholders of record on March 15, 2021 will receive this dividend. NXRT focuses on acquiring and operating middle-income multifamily properties in key markets across the Southeastern and Southwestern United States, aiming for properties with value-add potential.
NexPoint Residential Trust (NYSE:NXRT) reported Q4 and full-year 2020 financial results. For the year, net income was $44.0M with FFO of $57.2M, marking increases from 2019. Same store properties saw revenue rise 3.6% and NOI increased 3.2%, despite a slight occupancy decline. The company acquired a 352-unit apartment community for about $84.5M. NXRT issued approximately 1.3M shares raising $59.5M via its ATM program. A dividend of $0.34125 per share was paid, a 9.2% increase from the previous quarter. Q4 net loss was $(4.2)M, despite total revenues of $50.5M.