Summary
44.85 -0.92(-2.01%)09/20/2024
NexPoint Residential Trust Inc (NXRT)
NexPoint Residential Trust Inc (NXRT)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -2.01 | -2.29 | 0.85 | 20.66 | 44.44 | 29.96 | 2.44 | 305.59 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 44.85 | |
| Open | 45.40 | |
| High | 45.55 | |
| Low | 44.65 | |
| Volume | 220,319 | |
| Change | -0.92 | |
| Change % | -2.01 | |
| Avg Volume (20 Days) | 103,756 | |
| Volume/Avg Volume (20 Days) Ratio | 2.12 | |
| 52 Week Range | 26.21 - 48.37 | |
| Price vs 52 Week High | -7.28% | |
| Price vs 52 Week Low | 71.12% | |
| Range | -1.21 | |
| Gap Up/Down | -0.87 | |
Fundamentals | ||
| Market Capitalization (Mln) | 1,163 | |
| EBIDTA | 137,898,000 | |
| PE Ratio | 12.6338 | |
| PEG Ratio | -36.5400 | |
| WallStreet Target Price | 37.14 | |
| Book Value | 19.8950 | |
| Earnings Per Share | 2.8400 | |
| EPS Estimate Current Quarter | 0.2600 | |
| EPS Estimate Next Quarter | -0.1400 | |
| EPS Estimate Current Year | -0.3800 | |
| EPS Estimate Next Year | -0.7000 | |
| Diluted EPS (TTM) | 2.8400 | |
| Revenues | ||
| Profit Marging | 0.2696 | |
| Operating Marging (TTM) | 0.1378 | |
| Return on asset (TTM) | 0.0123 | |
| Return on equity (TTM) | 0.1477 | |
| Revenue TTM | 276,119,008 | |
| Revenue per share TTM | 10.7500 | |
| Quarterly Revenue Growth (YOY) | -0.0230 | |
| Quarterly Earnings Growth (YOY) | 3.7180 | |
| Gross Profit (TTM) | 153,185,000 | |
| Dividends | ||
| Dividend Share | 1.7650 | |
| Dividend Yield | 0.0516 | |
| Valuations | ||
| Trailing PE | 12.6338 | |
| Forward PE | 163.9344 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.6618 | |
| Revenue Enterprise Value | 8.2393 | |
| EBITDA Enterprise Value | 9.1460 | |
| Shares | ||
| Shares Outstanding | 25,774,700 | |
| Shares Float | 22,478,888 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.03 | |
| Insider (%) | 12.66 | |
| Institutions (%) | 79.19 | |
09/17 11:16 EST - seekingalpha.com
Leverage In Real Estate Investing
Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.
Leverage In Real Estate Investing
Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.
08/14 14:25 EST - seekingalpha.com
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.
Massive Apartment Deals Demonstrate Value Of Apartment REITs
Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.
08/04 09:25 EST - seekingalpha.com
NexPoint Residential Trust: Still Attractive After Q2 Results
NexPoint Residential Trust is a small multifamily residential REIT with a market cap of $1.13B, trading publicly since 2015 with a compelling strategy for value creation. Recent Q2 results show stable occupancy, a drop in average effective rent, and a decrease in core FFO due to property sales. Despite short-term headwinds, NXRT's strategy of upgrading units, diversifying markets, and reducing debt makes it an attractive pick for investors seeking income and value.
NexPoint Residential Trust: Still Attractive After Q2 Results
NexPoint Residential Trust is a small multifamily residential REIT with a market cap of $1.13B, trading publicly since 2015 with a compelling strategy for value creation. Recent Q2 results show stable occupancy, a drop in average effective rent, and a decrease in core FFO due to property sales. Despite short-term headwinds, NXRT's strategy of upgrading units, diversifying markets, and reducing debt makes it an attractive pick for investors seeking income and value.
07/30 14:27 EST - seekingalpha.com
NexPoint Residential Trust, Inc. (NXRT) Q2 2024 Earnings Call Transcript
NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q2 2024 Earnings Conference Call July 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 Montgomery Scott Omotayo Okusanya - Deutsche Bank Operator Thank you for standing by. My name is Christina and I will be your conference operator today.
NexPoint Residential Trust, Inc. (NXRT) Q2 2024 Earnings Call Transcript
NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q2 2024 Earnings Conference Call July 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 Montgomery Scott Omotayo Okusanya - Deutsche Bank Operator Thank you for standing by. My name is Christina and I will be your conference operator today.
07/30 11:00 EST - zacks.com
NexPoint Residential Trust Inc. (NXRT) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NexPoint Residential Trust Inc. (NXRT) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
07/30 10:26 EST - zacks.com
NexPoint Residential Trust Inc. (NXRT) Q2 FFO Beat Estimates
NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.80 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to FFO of $0.88 per share a year ago.
NexPoint Residential Trust Inc. (NXRT) Q2 FFO Beat Estimates
NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.80 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to FFO of $0.88 per share a year ago.
07/30 08:16 EST - prnewswire.com
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2024 RESULTS
NXRT Raises Full Year 2024 Guidance, Reports Net Income of $10.6 million, $39.25 million of Disposition Activity and $14.6 million of Share Repurchase Activity DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the second quarter ended June 30, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $10.6M, $16.3M, $17.9M and $20.9M, respectively, attributable to common stockholders for the quarter ended June 30, 2024, compared to Net Loss, FFO, Core FFO, and AFFO of $(4.0)M, $19.8M, $20.4M and $23.2M, respectively, attributable to common stockholders for the quarter ended June 30, 2023.
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2024 RESULTS
NXRT Raises Full Year 2024 Guidance, Reports Net Income of $10.6 million, $39.25 million of Disposition Activity and $14.6 million of Share Repurchase Activity DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the second quarter ended June 30, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $10.6M, $16.3M, $17.9M and $20.9M, respectively, attributable to common stockholders for the quarter ended June 30, 2024, compared to Net Loss, FFO, Core FFO, and AFFO of $(4.0)M, $19.8M, $20.4M and $23.2M, respectively, attributable to common stockholders for the quarter ended June 30, 2023.
07/30 08:15 EST - prnewswire.com
NexPoint Residential Trust, Inc. Announces Quarterly Dividend
DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024. About NexPoint Residential Trust, Inc. NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," 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, primarily in the Southeastern and Southwestern United States.
NexPoint Residential Trust, Inc. Announces Quarterly Dividend
DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024. About NexPoint Residential Trust, Inc. NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," 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, primarily in the Southeastern and Southwestern United States.
07/11 22:31 EST - seekingalpha.com
Apartment Fundamental Outlook Improved As Supply Wanes
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
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.
07/02 08:30 EST - prnewswire.com
NexPoint Residential Trust, Inc. Announces Second Quarter 2024 Earnings Conference Call
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 , 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.
05/29 08:30 EST - prnewswire.com
NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2024 Investor Conference
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 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.
05/02 08:30 EST - prnewswire.com
NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes
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
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.
05/01 12:09 EST - seekingalpha.com
NexPoint Residential Trust: Attractive Valuation Despite The Risks
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 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.
04/30 12:01 EST - zacks.com
Here's What Key Metrics Tell Us About NexPoint Residential Trust Inc. (NXRT) Q1 Earnings
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
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.
04/30 10:31 EST - zacks.com
NexPoint Residential Trust Inc. (NXRT) Matches Q1 FFO Estimates
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
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.
04/30 08:16 EST - prnewswire.com
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2024 RESULTS
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
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.
04/01 18:00 EST - prnewswire.com
NexPoint Residential Trust, Inc. Announces First Quarter 2024 Earnings Conference Call
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 , 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.
03/19 18:30 EST - prnewswire.com
NexPoint Residential Trust, Inc. Announces Record Date and Date of 2024 Annual Meeting of Stockholders
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
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.
03/15 05:38 EST - seekingalpha.com
NexPoint Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount
NexPoint Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount
NexPoint Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount
NexPoint Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount