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 (NYSE: NXRT) has announced its final income allocations for the 2020 dividend distributions on common stock, totaling $1.2787 per share. Key dates include the ex-dividend date on 12/14/2020, record date on 12/15/2020, and payable date on 12/31/2020. The dividend distribution consists of $0.3413 per share, with $0.0675 classified as taxable ordinary income. The company advises shareholders to consult tax advisors regarding the implications of these dividends.
NexPoint Residential Trust (NXRT) is set to host a conference call on February 16, 2021, at 11:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. Interested parties can join the call by dialing 800-437-2398 (international callers: +1 323-289-6576) using passcode 7677037. A live audio webcast will also be available on the Company's website. The earnings press release will be issued before market open on the same day.
NexPoint Residential Trust (NXRT) announced that key executives will present at the Nareit's REITWorld: 2020 Investor Conference from November 17-19, 2020. Participants include Brian Mitts (CFO), Matthew McGraner (CIO), and Bonner McDermett (VP – Asset Management). Meeting materials will be available on NXRT's Investor Relations website on the morning of November 17. NXRT focuses on acquiring and operating middle-income multifamily properties with value-add potential, primarily in large cities of the Southeastern and Southwestern U.S.
NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a 9.2% increase in its quarterly dividend, declaring $0.34125 per share. The dividend is payable on December 31, 2020 to shareholders of record as of December 15, 2020. This decision reflects the board's confidence in the company's ongoing business strategy focused on acquiring and managing middle-income multifamily properties in the Southeastern and Southwestern United States. The increase in dividend aims to enhance shareholder income.
NexPoint Residential Trust (NYSE:NXRT) reported its Q3 2020 financials with notable changes. Net income totaled $29.6M, down from $119.1M in Q3 2019. Funds from Operations (FFO) increased to $17.2M, compared to $8.6M the previous year. Revenue rose to $51.0M, a 3.3% increase year-over-year. Average effective rent increased by 1.8%, while occupancy improved by 170 bps. NXRT declared a $0.34125 dividend, marking a 9.2% increase. However, the company highlighted uncertainties from the COVID-19 pandemic impacting future operations.
NexPoint Residential Trust (NXRT) announced a conference call scheduled for October 27, 2020 at 11:00 a.m. ET to discuss its third-quarter financial results. The call can be accessed by dialing 800-367-2403, with an international option available. A live audio webcast will be hosted on their website, and a replay will be accessible for 60 days following the call. NXRT's press release detailing the financial results will be issued before market open on the same day. The company focuses on acquiring and operating middle-income multifamily properties in major U.S. cities.
NexPoint Residential Trust (NYSE:NXRT) reported that its apartment communities in Houston, TX, remain unharmed following Hurricane Laura. The company stated there is no material damage to its properties and plans to offer more updates if any significant changes occur. NXRT focuses on acquiring and managing multifamily properties with potential for value addition, particularly in large cities across the Southeastern and Southwestern regions of the United States.
NexPoint Residential Trust (NXRT) reported that as of August 16, 2020, it has collected 96.9% of billed rents for August, slightly down from 97.3% in the same period last year. The company experienced strong collections in Phoenix (99.2%), Nashville (99.1%), and Houston (98.2%). Previous months showed collections of 97.3% in June and 95.3% in July. NXRT continues to educate residents about housing assistance amidst the COVID-19 crisis while adhering to safety guidelines. The company is focused on middle-income multifamily properties in key U.S. markets.
NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.3125 per share, payable on September 30, 2020, to shareholders of record on September 15, 2020. The company focuses on acquiring and operating middle-income multifamily properties, particularly in large cities across the Southeastern and Southwestern U.S. This dividend declaration reflects NXRT’s commitment to returning value to its investors amidst its strategy of enhancing its real estate portfolio.
NexPoint Residential Trust (NYSE:NXRT) reported a net loss of $(9.3) million for Q2 2020, compared to a net loss of $(2.0) million in Q2 2019. Total revenues increased to $50.7 million, up from $43.1 million year-over-year. For the first six months ending June 30, 2020, total revenues were $103.3 million, significantly higher than $84.6 million in the same period last year. The company's AFFO and Core FFO increased to $16.1 million and $14.5 million respectively for Q2 2020. Despite challenges from COVID-19, rent collections were strong at 97.9% for July 2020.