Nexpoint Residential Tr Inc Stock Price, News & Analysis

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.

NexPoint Residential Trust (NYSE: NXRT) has announced that the record date to determine stockholders eligible to vote at the 2022 Annual Meeting is April 4, 2022. The meeting is scheduled for May 10, 2022, at 10:00 a.m. Central Time, and will be conducted virtually due to ongoing COVID-19 concerns. Only stockholders of record as of the record date will be permitted to vote and ask questions during the meeting through an online platform. More details on accessing the meeting will be shared in the upcoming Proxy Materials.

NexPoint Residential Trust (NYSE: NXRT) announced its participation in the Raymond James Institutional Investors Conference on March 8, 2022, in Orlando, Florida. Key executives, including Brian Mitts (CFO), Matt McGraner (CIO), and Bonner McDermett (VP), will present. Meeting materials will be available on NXRT's website on the day of the event. NexPoint Residential Trust focuses on acquiring and operating multifamily properties in the Southeastern and Southwestern U.S., targeting middle-income households with potential for value enhancement.

NexPoint Residential Trust, Inc. (NYSE: NXRT) announced a quarterly dividend of $0.38 per share, payable on March 31, 2022, to stockholders of record on March 15, 2022. The company, focused on middle-income multifamily properties with value-add potential, is externally advised by NexPoint Real Estate Advisors, L.P. This dividend reflects the company's ongoing commitment to returning value to shareholders.

NexPoint Residential Trust (NYSE:NXRT) reported its financial results for 2021, showing a net income of $23.0 million, down from $44.0 million in 2020. Key metrics include Funds from Operations (FFO) of $63.6 million, and an increase in revenue to $219.2 million. The portfolio's occupancy rate stood at 94.3%, while Same Store properties experienced revenue growth of 4.9%. NXRT also enhanced its dividend by 11.4% to $0.38 per share. Notably, the company completed 1,264 upgrades throughout the year, yielding a 21.1% ROI.

NexPoint Residential Trust (NYSE: NXRT) announced its final income allocations for its 2020 dividend distributions. The total distribution per share for 2021 is $1.40375, with notable payments of $0.34125 for the first three quarters and $0.38000 for the fourth quarter. All dividends are categorized as taxable ordinary income and return of capital, with no amounts reported for Section 199A dividends. Shareholders are encouraged to consult their tax advisors regarding tax implications.

NexPoint Residential Trust (NXRT) will host a conference call on February 15, 2022, at 11:00 a.m. ET to discuss its fourth quarter and full year 2021 financial results. The call can be accessed via telephone or through a live audio webcast on the company's website. A replay will be available for 60 days following the call. Additionally, NXRT plans to release its financial results before the market opens on the same date.

NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a quarterly dividend of $0.38 per share, marking an 11.4% increase from the previous quarter. This dividend is set to be paid on December 30, 2021, to stockholders on record by December 15, 2021. Since inception in 2015, dividends have risen by 84.5%. The company specializes in acquiring and operating middle-income multifamily properties across the Southeastern and Southwestern United States.