Nexpoint Residential Tr Inc Stock Price, News & Analysis

NexPoint Residential Trust (NYSE: NXRT) announced a quarterly dividend of $0.42 per share, payable on December 30, 2022, to shareholders of record on December 15, 2022. This dividend reflects a 10.5% increase from the previous quarter and marks a substantial 103.9% increase since its inception in 2015. The company continues to focus on acquiring and operating multifamily properties in prominent markets across the Southeastern and Southwestern United States.

NexPoint Residential Trust (NXRT) reported strong operational performance for Q3 2022, with total revenues of $68.1 million, up from $56.4 million in Q3 2021. The company's net loss narrowed to $(0.6) million, compared to $(5.4) million in the prior year. FFO reached $24.5 million, marking a significant increase from $16.1 million in Q3 2021. The board approved a 10.5% dividend increase to $0.42 per share. Additionally, NXRT is extending its share repurchase program to $100 million by October 2024.

NexPoint Residential Trust (NXRT) announced a conference call scheduled for October 25, 2022, at 11:00 a.m. ET, to discuss its third quarter 2022 financial results. A live audio webcast will also be available on the company's website. The press release containing the financial results will be issued prior to market open on the same day. An online replay of the conference will be accessible for 60 days thereafter.

NexPoint Residential Trust, Inc. (NXRT) announced the appointment of Dr. Carol Swain to its Board of Directors, effective August 2, 2022. Dr. Swain is a distinguished political scientist with a robust academic background, having served at Princeton and Vanderbilt Universities. She is also an entrepreneur with multiple business ventures and has authored 11 books. Matthew McGraner, Chief Investment Officer of NexPoint, expressed confidence that Dr. Swain's expertise will support the company's long-term objectives as it focuses on multifamily properties with value-add potential in major U.S. cities.

NexPoint Residential Trust announced a quarterly dividend of $0.38 per share, payable on September 30, 2022, to stockholders recorded by September 15, 2022. This reflects the company's commitment to returning value to shareholders through regular dividends. NXRT focuses on acquiring and operating middle-income multifamily properties in major cities, particularly in the Southeastern and Southwestern United States.

NexPoint Residential Trust (NYSE:NXRT) reported a net loss of $(7.8) million for Q2 2022, compared to $(3.4) million in Q2 2021. Despite the loss, revenue reached $65.8 million, reflecting a 25% year-over-year increase. FFO was $17.6 million, up from $16.5 million in the previous year, while Core FFO grew to $20.3 million. Same Store properties saw significant increases in average effective rent (19.2%), total revenue (14.2%), and NOI (16.4%). The company paid a dividend of $0.38 per share and repurchased 69,567 shares at an average price of $73.82.

NexPoint Residential Trust, Inc. (NXRT) will host a conference call on July 26, 2022, at 11:00 a.m. ET to discuss its second quarter 2022 financial results. The call can be accessed by phone or through a live audio webcast on the company's website. A replay will be available for 60 days post-call. NXRT focuses on acquiring and operating middle-income multifamily properties in large metropolitan areas, predominantly in the Southeastern and Southwestern United States. A press release with the financial results will be issued prior to the market open on the same day.

NexPoint Diversified Real Estate Trust (NYSE: NXDT) announced the SEC's order effective July 1, 2022, allowing its transition to a diversified real estate investment trust (REIT). The Company, previously a closed-end investment company, expects enhanced liquidity and transparency in its shares under the NXDT ticker. Over the past decade, NXDT delivered a total return of 258.65%, focusing on prime real estate investments. The transition aims to unlock additional value for shareholders, supported by significant positions in Cityplace Tower and VineBrook Homes Trust, Inc.

NexPoint Residential Trust (NXRT) will participate in Nareit's REITweek: 2022 Investor Conference from June 7-9, 2022, at the New York Hilton Midtown. Key executives attending include CFO Brian Mitts, Chief Investment Officer Matthew McGraner, and VP of Asset Management Bonner McDermett. Meeting materials will be available on the company's website on June 7. NXRT focuses on acquiring and operating middle-income multifamily properties with value-add potential, primarily in the Southeastern and Southwestern U.S.