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, Inc. (NXRT) announced the appointment of Catherine Wood as an independent director on the board, effective July 27, 2020. Chairman and CEO James Dondero expressed excitement about the fresh perspective Ms. Wood brings, highlighting her unique background. She is the CEO and CIO of ARK Investment Management LLC, which she founded in 2014, and has extensive experience in investment strategies from her previous roles at AllianceBernstein and Tupelo Capital Management. NXRT focuses on acquiring and operating middle-income multifamily properties in large cities.
NexPoint Residential Trust (NXRT) will host a conference call on August 4, 2020, at 11:00 a.m. ET to discuss its second quarter financial results and the impact of COVID-19 on operations and rent collections. The financial results will be released before market open on the same day. Investors can access the call by phone or online, with replays available until August 11, 2020. NXRT focuses on middle-income multifamily properties in large cities and suburban markets across the Southeastern and Southwestern United States.