NexPoint Residential Trust

NexPoint Residential Trust, Inc. engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NexPoint Residential Trust (NXRT) reports strong Q4 performance and 2023 growth outlook amidst leverage concerns

NexPoint Residential Trust (NXRT) delivered strong operational performance in Q4 2022 and outlined a promising outlook for 2023, despite some concerns around leverage and market uncertainties.
The company's strategic focus on renovation, growth initiatives, and financial flexibility positions it well to capitalize on opportunities and navigate challenges in the real estate market.
With a commitment to maintaining operational stability, maximizing returns, and prudent risk management, NexPoint Residential Trust (NXRT) aims to drive sustainable growth and shareholder value.
Investors should monitor how the company addresses leverage concerns, executes its growth strategies, and adapts to evolving market conditions to assess its long-term performance and resilience.

NexPoint Residential Trust reports mixed Q1 results, eyes growth opportunities

NexPoint Residential Trust (NXRT) delivered a mixed performance in Q1 2023, balancing revenue growth with a net loss.
The company's strengths lie in operational achievements, solid occupancy rates, and a proactive approach to renovations and refinancing.
Challenges include interest expense concerns, market-specific issues, and the need to address expense growth.
NXRT has opportunities to optimize operations, address market challenges, and capitalize on growth prospects for enhanced performance.

NexPoint Residential Trust reports resilient Q2 performance amidst strategic focus

NexPoint Residential Trust's Q2 2023 performance reflects steady revenue growth and operational improvements.
While facing challenges in revenue guidance and resident retention, the company's strategic focus on asset management and financial discipline is evident.
Opportunities for growth lie in optimizing operational efficiency, exploring new revenue streams, and enhancing financial resilience.

NXRT reports robust Q3 earnings, poised for strategic growth

NexPoint Residential Trust (NXRT) delivered a solid performance in Q3 2023, demonstrating financial strength, operational efficiency, and a commitment to enhancing shareholder value.
While facing challenges in managing unit turnover and market-specific issues, NXRT's strategic focus on growth and deleveraging presents opportunities for sustained profitability and value creation.
By leveraging its strong financial position and market expertise, NXRT is well-positioned to navigate challenges, capitalize on growth opportunities, and drive long-term success in the real estate sector.

NexPoint Residential Trust posts strong earnings, eyes growth amid challenges

NXRT delivered strong financial results in Q4 2023 and full year 2023, driven by improved rental income, NOI growth, and strategic dispositions, showcasing operational resilience and value creation.
While facing challenges such as maintaining same-store NOI in 2024, NXRT's strengths in core FFO performance, asset value, and strategic focus position it well to navigate market uncertainties and drive future growth.
By capitalizing on opportunities to enhance rental income, optimize operations, and explore new growth avenues, NXRT can sustain its financial stability, attract investors, and create long-term value for stakeholders.
Overall, NXRT's performance highlights its commitment to operational excellence, financial prudence, and shareholder value creation, setting a positive trajectory for future growth and success in the real estate market.

NexPoint Residential Trust (NXRT) reports robust Q1 performance and strategic growth initiatives

NexPoint Residential Trust (NXRT) delivered a strong Q1 performance with notable financial achievements and operational improvements.
While facing challenges in rental metrics and market dynamics, the company's strategic focus on growth initiatives and financial discipline bodes well for future prospects.
By leveraging opportunities in property upgrades, acquisitions, and financial management, NXRT aims to sustain its growth trajectory and enhance shareholder value.

NexPoint Residential Trust reports strong Q2 performance and strategic financial moves

NXRT delivered a solid performance in Q2 2024 with positive financial metrics and operational growth.
The company's strategic capital management and refinancing initiatives demonstrate prudent financial decision-making.
Challenges in rental pricing and ongoing refinancing activities require careful monitoring for potential impacts.
Opportunities lie in property upgrades, refinancing benefits, asset sales, and revenue optimization strategies.

NexPoint Residential Trust reports mixed Q3 results with growth opportunities

NXRT's Q3 2024 performance reflects a mix of challenges and strengths, with opportunities for growth and value creation.
The company's focus on operational efficiency, revenue enhancement, and strategic refinancing aligns with long-term sustainability goals.
Investors should monitor NXRT's progress in improving occupancy, managing expenses, and executing growth initiatives to assess future performance.

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Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, and high cost of construction have kept occupancy high despite the supply. Supply growth is dropping in mid-to-late 2025, making investments in the apartment sector appealing for long-term growth potential.

Apartment Fundamental Outlook Improved As Supply Wanes

DALLAS , July 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, July 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss second quarter 2024 financial results.

NexPoint Residential Trust, Inc. Announces Second Quarter 2024 Earnings Conference Call

DALLAS , May 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that Matthew McGraner, NXRT's Executive VP and Chief Investment Officer, Bonner McDermett, NXRT VP, Asset Management, and Sean Jacobson, NXRT VP, Asset Management will be meeting with investors and others at Nareit's REITweek: 2024 Investor Conference, to be held June 3-6 at the New York Hilton Midtown in New York City. A copy of the meeting materials will be posted in the Resources section of NXRT's website at nxrt.nexpoint.com on the morning of June 3, 2024.

NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2024 Investor Conference

DALLAS , May 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, NC, a 225-unit property built in 1991.  The property was acquired for $24.3 million on September 30, 2014, and has provided consistent operational and cash flow performance for the portfolio for the last 9+ years.

NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes

NexPoint Residential Trust reported Core FFO and NOI growth in the mid-single digits in Q1 2024. The full-year outlook remains more cautious, driven by expected elevated home deliveries in the remainder of the year. Management signals over 50% upside to their NAV estimate using cap rates of 5.5-6% and initiated a $25 million share buyback to help bridge the gap.

NexPoint Residential Trust: Attractive Valuation Despite The Risks

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Kristen Thomas - Investor Relations Brian Mitts - Executive Vice President and Chief Financial Officer Matt McGraner - Executive Vice President and Chief Investment Officer Bonner McDermett - Vice President, Access and Investment Management Conference Call Participants Kyle Katorincek - Janney Tayo Okusanya - Deutsche Bank Barry Oxford - Colliers Operator Good day. My name is Shelly, and I will be your conference operator for today.

NexPoint Residential Trust, Inc. (NXRT) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About NexPoint Residential Trust Inc. (NXRT) Q1 Earnings

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.86 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.81 per share a year ago.

NexPoint Residential Trust Inc. (NXRT) Matches Q1 FFO Estimates

NXRT Reports Net Income of $26.4 million; $49.4 million of Capital Recycling Activity and Full Repayment of the Drawn Balance on the Corporate Credit Facility DALLAS , April 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) reported financial results for the first quarter ended March 31, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $26.3M, $18.9M, $19.6M and $22.6M, respectively, attributable to common stockholders for the quarter ended March 31, 2024, compared to Net Loss, FFO, Core FFO and AFFO of $(3.9)M, $19.3M, $18.6M and $21.0M, respectively, attributable to common stockholders for the quarter ended March 31, 2023.

NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2024 RESULTS

DALLAS , April 1, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, April 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss first quarter 2024 financial results.

NexPoint Residential Trust, Inc. Announces First Quarter 2024 Earnings Conference Call

DALLAS, March 19, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that the record date for determining stockholders entitled to vote at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") will be Monday, April 1, 2024. The Annual Meeting will be held on Tuesday, May 7, 2024, beginning at 10:00 a.m.

NexPoint Residential Trust, Inc. Announces Record Date and Date of 2024 Annual Meeting of Stockholders

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DALLAS , March 5, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of Old Farm in Houston, TX, a 734-unit property built in 1996. The property was acquired for $84.7 million on December 29, 2016 and has provided consistent operational and cash flow performance for the portfolio for the last 7+ years.

NexPoint Residential Trust, Inc. Completes the Sale of Old Farm and Will Repay the Full Outstanding Balance on the Corporate Credit Facility

NexPoint Residential Trust, Inc. (NXRT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for NexPoint Residential Trust Inc. (NXRT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NexPoint Residential Trust Inc. (NXRT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

NXRT Recaps Disposition Activity, Value-Add Results and Issues 2024 Full Year Guidance DALLAS , Feb. 20, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the fourth quarter and year ended December 31, 2023. Highlights NXRT1 reported net income, FFO2, Core FFO2 and AFFO2 of $44.3M, $71.4M, $73.5M and $84.4M, respectively, attributable to common stockholders for the year ended December 31, 2023, compared to net loss, FFO, Core FFO, and AFFO of $(9.3)M, $73.4M, $81.8M and $91.4M, respectively, attributable to common stockholders for the year ended December 31, 2022.

NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

DALLAS , Feb. 5, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, February 20, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss fourth quarter and full year 2023 financial results.

NexPoint Residential Trust, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

DALLAS , Jan. 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the final income allocations of the Company's 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #65341D102) Ex DividendDate Record Date Payable Date Distribution Per Share Taxable Ordinary Income Per Share (1) Taxable Capital Gain Distr.

NexPoint Residential Trust Announces 2023 Dividend Income Tax Treatment

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Apartment REITs were among the weakest-performing property sectors for a second-straight year in 2023 - lagging even the battered office sector - despite delivering another year of mid-single-digit earnings growth. Following two years of record-setting rent growth, residential rents decelerated in 2023 alongside a broader cooling of inflationary pressures, with multifamily rents seeing a particularly sharp cooldown amid supply headwinds. The wave of pandemic-era development - started at a time when rents were rising double-digits - resulted in a record year of new deliveries in 2023 with similarly elevated supply levels.

Apartment REITs: A Renter's Market

NexPoint Residential stock has suffered due to the rising interest rate environment and its highly leveraged, floating rate debt. However, the company has been selling assets and reducing its debt, resulting in a significant reduction in interest rate vulnerable debt and improved balance sheet. NXRT trades at a significant discount to its peers and has the potential for a 30% upside if it can regain market respect.

NexPoint Residential Trust: Phoenix Rising

NexPoint Residential Trust is a residential REIT that owns and manages multi-family properties in the Southwestern and Southeastern U.S. The REIT's portfolio is widely diversified across large markets and has shown strong operating performance. Most importantly, the stock price is currently trading at a discount to NAV and results in an attractive dividend yield which looks safe.

NexPoint Residential: A Solid Dividend And Large Discount

DALLAS , Dec. 18, 2023 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of Timber Creek in Charlotte, NC, a 352-unit property built in 1984. The property was acquired for $22.8 million on September 30, 2014, and the Company completed an extensive repositioning and value-add initiative, improving the common area amenities and a significant portion of the unit interiors.

NexPoint Residential Trust, Inc. Completes the Sale of Timber Creek and Further Paydown of the Corporate Credit Facility

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NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2023.

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