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), a New York Stock Exchange-listed REIT specializing in value-add multifamily properties, maintains this dedicated news hub for investors and stakeholders. Track all official corporate developments through press releases, financial reports, and strategic announcements.
This resource provides centralized access to critical updates including quarterly earnings, property acquisitions, operational milestones, and leadership changes. Users will find filings related to capital expenditures, portfolio performance metrics, and market expansion initiatives across Southeastern and Southwestern US markets.
Content is organized to facilitate quick scanning while maintaining regulatory compliance. Key focus areas include rental income trends, value-add program implementations, and partnership developments with NexPoint Real Estate Advisors. Bookmark this page for efficient tracking of NXRT's progress in enhancing middle-income housing assets and driving shareholder value.
NexPoint Residential Trust (NYSE: NXRT) has announced a quarterly dividend of $0.42 per share, aimed at rewarding its shareholders. This dividend is payable on June 30, 2023, to stockholders of record by June 15, 2023. As a publicly traded REIT, NXRT focuses on acquiring and managing middle-income multifamily properties with potential for value enhancement, particularly in large cities across the Southeastern and Southwestern United States.
NexPoint Residential Trust (NYSE:NXRT) reported its first-quarter financial results for 2023, showing a net loss of $(3.9) million, an improvement compared to $(4.7) million in the same period last year. The company achieved funds from operations (FFO) of $19.3 million, slightly up from $19.0 million, while core FFO decreased to $18.6 million from $20.1 million. Total revenues rose to $69.2 million, a 14% increase year-over-year. The average effective monthly rent across 40 properties was $1,487, with occupancy at 94.0%. NXRT executed a refinancing of Venue on Camelback, paying down $17.5 million of its corporate credit facility. In its value-add strategy, the company completed upgrades on 494 units, achieving a 21.2% return on investment. Lastly, NXRT distributed a dividend of $0.42 per share on March 31, 2023.
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