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 (NYSE:NXRT) reported a third quarter 2021 net loss of $(5.4) million, compared to a net income of $29.6 million in Q3 2020. FFO for Q3 2021 was $16.1 million, down from $17.2 million, while AFFO rose to $18.6 million, compared to $15.1 million a year prior. Total revenues increased to $56.4 million from $51.0 million. Year-to-date, NXRT reported a net loss of $(15.7) million versus $48.2 million in 2020. The company declared a quarterly dividend of $0.38, marking an 11.4% increase. The occupancy rate stood at 95.3% with an average monthly rent of $1,204.
NexPoint Residential Trust, Inc. (NXRT) announced a conference call on November 2, 2021, at 11:00 a.m. ET to discuss its third quarter financial results. The call can be accessed by dialing 800-353-6461 or internationally at +1 334-323-0501. A live audio webcast will be available on the Company's website, with a replay accessible until November 9, 2021. The Company will issue a press release with the financial results before market open on the same day.
NexPoint Residential Trust (NYSE: NXRT) has declared a quarterly dividend of $0.34125 per share, set to be paid on September 30, 2021. Stockholders of record by September 15, 2021 will receive this dividend, reflecting the company's ongoing commitment to return value to its investors. NXRT focuses on acquiring and operating multifamily properties in the Southeastern and Southwestern United States, emphasizing 'value-add' investment opportunities.
NexPoint Residential Trust (NYSE:NXRT) reported second quarter results for 2021, posting a net loss of $(3.4) million, an improvement from $(9.3) million in Q2 2020. FFO reached $16.5 million, up from $12.0 million a year earlier, with Core FFO at $14.2 million compared to $14.5 million. Year-to-date, total revenue increased to $104.4 million, up from $103.3 million. The company noted a 3.6% increase in average effective rent for Same Store properties and completed significant upgrades resulting in a $170 rent premium per unit. NXRT also acquired properties in North Carolina for $121.5 million.
NexPoint Residential Trust (NXRT) will host a conference call on July 27, 2021, at 11:00 a.m. ET to discuss its second quarter financial results. Interested parties can join via phone or access 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 first quarter financial results before market open on the same day. The company focuses on acquiring and operating multifamily properties with value-add potential in major U.S. cities.
NexPoint Residential Trust (NXRT) has posted its presentation for Nareit's REITWeek Investor Conference on its website. Management will engage in a round table discussion on June 9, 2021, at 11:00 AM ET. As of June 7, 2021, NXRT's average monthly rent was $1,149 per unit, with a portfolio occupancy of 95.6%. Current cash collections reached 97.9% of scheduled rent for May 2021, showing resilience amidst challenges. Only 0.8% of units requested assistance, indicating stable performance.
NexPoint Residential Trust (NXRT) announced its participation in the Nareit's REITWeek: 2021 Investor Conference, scheduled to take place virtually from June 8-10, 2021. Key executives, including CFO Brian Mitts and CIO Matthew McGraner, will present and engage with investors. Meeting materials will be available on the NXRT website on June 8. The company focuses on acquiring and operating multifamily properties with value-add potential, primarily in urban areas of the Southeastern and Southwestern U.S.
NexPoint Residential Trust (NYSE:NXRT) collaborates with EcoSystems and BH Management to enhance the Avant at Pembroke Pines, achieving significant water and energy conservation upgrades. These improvements cut water usage by 61% and energy consumption by 80%, saving over 52.6 million gallons of water and reducing 1,000 metric tons of CO2 emissions annually. This project adds to EcoSystems' portfolio of 36 conservation projects, which collectively saved 805 million gallons of water and $5.9 million in costs. The partnership also secured a $47,500 rebate, the largest of its kind in Pembroke Pines.
NexPoint Residential Trust, Inc. (NYSE: NXRT) has declared a quarterly dividend of $0.34125 per share, scheduled for payment on June 30, 2021. Stockholders of record as of June 15, 2021 will be eligible to receive the dividend. This announcement reflects NXRT's ongoing commitment to return value to its shareholders while actively managing its multifamily property portfolio in key markets across the Southeastern and Southwestern United States.
NexPoint Residential Trust (NYSE:NXRT) reported a net loss of $(6.9M) for Q1 2021, down from a net income of $28.0M in Q1 2020. Total revenues decreased to $51.8M from $52.6M year-over-year. However, FFO increased to $13.8M from $12.4M, and AFFO rose to $16.0M from $15.3M. Same Store properties showed a 1.2% increase in average effective rent, while NOI dropped 0.3%. The company maintained a dividend of $0.34125 per share. NXRT hosted a conference call to discuss the results on April 27, 2021.
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