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, 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.
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.