Nexpoint Residential Tr Inc Stock Price, News & Analysis

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.

NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a dividend of $0.38 per share, which will be payable on June 30, 2022. Stockholders on record as of June 15, 2022 are eligible to receive this dividend. The company focuses on acquiring and operating multifamily properties with value-add potential in key markets, primarily in the Southeastern and Southwestern United States. As a publicly traded REIT, NXRT aims to enhance shareholder value through its strategic investments.

NexPoint Residential Trust (NXRT) reported a net loss of $(4.7) million for Q1 2022, an improvement from $(6.9) million in Q1 2021. The company achieved FFO of $19.0 million and AFFO of $22.3 million, reflecting growth attributed to strong rental income. Same Store properties experienced a 15.4% increase in average effective rent and 16.4% rise in NOI, with total revenue reaching $60.8 million, up from $51.8 million in the prior year. NXRT continues its value-add strategy, completing significant upgrades and leasing units at a premium. A dividend of $0.38 was paid on March 31, 2022.

NexPoint Residential Trust (NXRT) will host a conference call on April 26, 2022, at 11:00 a.m. ET to discuss its first quarter 2022 financial results. The call can be accessed by dialing 888-220-8451 for domestic callers or +1 323-794-2588 for international callers, using Conference ID: 8614947. A live audio webcast will be available on the Company's website. An online replay will be accessible shortly after the call for 60 days. NXRT is a publicly traded REIT focused on middle-income multifamily properties in the Southeastern and Southwestern US.