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. reports developments for a publicly traded real estate investment trust focused on acquiring, owning and operating middle-income multifamily properties with value-add potential in large cities and suburban submarkets, primarily in the Southeastern and Southwestern United States. The company generates revenue from apartment rentals and is externally advised by NexPoint Real Estate Advisors, L.P.
Recurring NXRT news includes quarterly and annual results, FFO, Core FFO, AFFO and NOI measures, same-store portfolio performance, property acquisitions, value-add renovation activity, credit facility updates, quarterly dividends, dividend tax treatment and annual meeting matters for its NYSE-listed common stock.
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.
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.