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) reported its financial results for Q4 and full year 2024. The company posted net income of $1.1M for 2024, down significantly from $44.3M in 2023, primarily due to decreased gains on real estate sales and rental income, plus increased debt extinguishment losses.
For full year 2024, NXRT achieved total revenues of $259.7M (down from $277.5M in 2023) and Same Store NOI increased 0.9% to $154.1M. The company completed property sales totaling $166.8M and maintained a 94.7% physical occupancy rate with average monthly rent per unit of $1,491 across its 35-property portfolio.
NXRT's value-add strategy continued with 388 unit upgrades completed in 2024, achieving a 24.7% ROI with average monthly rent premiums of $153. The company also increased its dividend by 10.3% in Q4 and repurchased 438,678 shares at an average price of $33.19, representing a 36% discount to NAV.
NexPoint Residential Trust (NYSE: NXRT) has announced that its board of directors has unanimously approved a quarterly dividend of $0.51 per share of NXRT common stock. This dividend will be payable on March 31, 2025, to stockholders of record on March 14, 2025.
The announcement was made on February 25, 2025, from Dallas. The unanimous board approval suggests strong corporate confidence in the company's financial position and commitment to returning value to shareholders through consistent dividend payments.
NexPoint Residential Trust (NXRT) has released its final income allocations for 2024 dividend distributions on common stock. The company paid total dividends of $1.89726 per share across four quarterly distributions. The dividend composition includes:
- 67.92% ($1.28868) as Taxable Capital Gain Distribution
- 32.08% ($0.60858) as Return of Capital
- $0.80245 as Unrecaptured Section 1250 Gain
The quarterly dividends were $0.46242 for the first three quarters and increased to $0.51000 for the fourth quarter. All capital gain dividends relate to Section 1231 gains, with both One Year Amounts and Three Year Amounts being zero for Section 1061 purposes.
NexPoint Residential Trust NXRT has scheduled its fourth quarter and full year 2024 earnings conference call for Tuesday, February 25, 2025, at 11:00 a.m. ET. The company will release its financial results before market open on the same day.
Investors can access the call by dialing 888-660-4430 (US) or +1 646-960-0537 (international) using passcode 5001576. A live webcast will be available on the company's website at https://nxrt.nexpoint.com under Resources. The replay will be accessible until March 11, 2025, via phone at 800-770-2030 (US) or +1 647-362-9199 (international) using the same passcode.
NexPoint Residential Trust (NXRT) has completed refinancing 17 properties through JP Morgan Chase Bank. Combined with previous refinancings, the company has refinanced 34 loans totaling $1.469 billion, representing 97.8% of total outstanding debt. The refinancing improves interest rates and extends weighted average debt maturity to 6.82 years from 5.54 years. The company's weighted average interest rate on total debt reduces by 48 bps to 5.65%, and adjusted for swap contracts, decreases from 3.44% to 2.95%. NXRT now has no significant debt maturities until 2028.
NexPoint Real Estate Opportunities provided an update on the United Development Funding IV (UDF IV) Board of Trustees election, highlighting the Board's failure to address critical shareholder concerns. The current Board is accused of using deflection tactics to avoid accountability for past criminal misconduct, disclosure violations, and governance failures. Key unaddressed questions include the Board's inaction after criminal convictions of former executives, continued payments to imprisoned executives through advisory agreements, and lack of plans to maximize shareholder value. NexPoint urges shareholders to vote using the GREEN proxy card to replace current Trustees with their nominees to implement critical changes and recover value.
NexPoint Residential Trust (NXRT) has announced its participation in Nareit's REITworld: 2024 Annual Conference, scheduled for November 18-21 at the Wynn Las Vegas. Key executives attending include CFO Brian Mitts, CIO Matthew McGraner, and VPs of Asset Management Bonner McDermett and Sean Jacobson. The company will be conducting investor meetings during the conference and will make meeting materials publicly available on their website (nxrt.nexpoint.com) in the Resources section on November 18, 2024.
NexPoint Residential Trust (NYSE:NXRT) reported Q3 2024 financial results, showing a net loss of $(8.9)M compared to net income of $33.7M in Q3 2023. Total revenues were $64.1M, down from $69.8M year-over-year. The company reported improvements in same-store occupancy (+100 bps) but saw decreases in average effective rent (-1.8%) and NOI (-2.4%). Key developments include a 10.3% increase in quarterly dividend to $0.51 per share, refinancing of 17 properties for $813.5M, and completion of a $24.5M property sale. The board authorized a new $100M share repurchase program.
NexPoint Residential Trust (NYSE: NXRT) has announced a 10.3% increase in its quarterly dividend. The company will pay $0.51 per share to stockholders of record on December 13, 2024, with payment scheduled for December 31, 2024. This dividend increase represents a significant growth of 147.6% since the company's inception in 2015.
NexPoint Residential Trust, Inc. (NYSE: NXRT) has reported that its properties have emerged unscathed from Hurricane Milton. The company stated that none of its properties suffered any material damages due to the hurricane. NXRT has committed to providing further updates should there be any significant changes to this situation. This announcement serves to reassure investors and stakeholders about the integrity of NXRT's property portfolio in the wake of the recent hurricane.