NEXPOINT RESIDENTIAL TRUST Reports Favorable FFO of $0.74, Revenue of $69.2M

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NEXPOINT ($NYSE:NXRT): The trust reported Funds From Operations (FFO) at $0.74, exceeding expectations by $0.01, while revenue of $69.2M fell short of projections by $0.5M. NexPoint Residential Trust is a self-managed company that invests in multifamily and single-family rental communities across the United States. It focuses on acquiring, owning and operating well-located, high-quality multifamily and single-family rental communities located in major population centers, suburban and secondary growth markets. It targets markets with strong job growth potential and strives to maximize returns to shareholders through a combination of internal property and portfolio management, acquisitions and strategic initiatives. The income generated by these properties helps to support FFO and provide investors with steady returns.

Despite the impact of the pandemic on the housing market, NexPoint Residential Trust was able to report strong numbers this quarter. The trust announced that their FFO and revenue exceeded expectations, providing investors with confidence in the future of their returns. Going forward, NexPoint Residential Trust looks to continue building its portfolio and optimizing its assets to ensure continued growth and success for its shareholders.

Price History

NEXPOINT RESIDENTIAL TRUST recently reported favorable FFO of $0.74, revenue of $69.2M on Tuesday. The stock opened at $43.3 and experienced a 3.8% decline from the previous closing price of $43.8, closing at $42.2. Despite the unfavorable stock results, the trust’s financial results were generally positive. The trust and its subsidiaries are focused on acquiring, owning, and operating a diversified portfolio of multifamily and other residential real estate properties throughout the United States. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NXRT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NXRT. More…

Key Ratios Snapshot

Some of the financial key ratios for NXRT are shown below. More…

Analysis

At GoodWhale, we analyze the financials of NEXPOINT RESIDENTIAL TRUST to help investors make informed decisions. According to our Star Chart, NEXPOINT RESIDENTIAL TRUST has an intermediate health score of 4/10 with regard to its cashflows and debt. This indicates that the company may be able to pay off debt and fund future operations. We believe that this type of company may appeal to investors looking for long-term income or capital appreciation. Our analysis further suggests that NEXPOINT RESIDENTIAL TRUST is strong in asset, dividend, and growth, and medium in profitability. With this in mind, investors considering the company should review the company’s financials to ensure that it meets their individual needs and goals. More…

Peers

The company is headquartered in Dallas, Texas and was founded in 2010. NexPoint Residential Trust Inc. has a portfolio of over 26,000 units across the United States. The company’s competitors include Bluerock Residential Growth REIT Inc, Maxus Realty Trust Inc, American Homes 4 Rent.

– Bluerock Residential Growth REIT Inc ($OTCPK:MRTI)

Maxus Realty Trust Inc is a real estate investment trust that primarily focuses on the ownership and operation of shopping centers. As of 2022, the company’s market cap totaled 11.88 million and its ROE was 11.97%. The company’s portfolio consists of properties located across the United States.

– Maxus Realty Trust Inc ($NYSE:AMH)

American Homes 4 Rent is an American real estate investment trust that invests in, acquires, and manages single-family rental properties. As of December 31, 2020, the company owned 53,545 homes in 26 states.

American Homes 4 Rent has a market cap of $11.04 billion as of 2022. The company is involved in the acquisition, renovation, leasing, and management of single-family properties.

Summary

This news caused a drop in the stock price of NexPoint Residential Trust on the same day. For those considering investing in NexPoint Residential Trust, it is important to consider the company’s past and current performance, as well as the overall market conditions. Analysts may also want to consider any recent changes to the company’s strategy and management structure. Ultimately, investors should do their own due diligence to make sure they understand the risk associated with buying or selling any NexPoint Residential Trust shares.