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 (NXRT) will host a conference call on July 27, 2021, at 11:00 a.m. ET to discuss its second quarter financial results. Interested parties can join via phone or access a live audio webcast on the company's website. A replay will be available for 60 days following the call. Additionally, NXRT plans to release its first quarter financial results before market open on the same day. The company focuses on acquiring and operating multifamily properties with value-add potential in major U.S. cities.
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.