Changes in demand and supply can impact rental rates, occupancy levels, and property valuations, affecting NXRTs financial performance. DALLAS, June 28, 2023 /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 25, 2023, at 11:00 a.m. All Rights . Looking for our open positions? Hey everyone and welcome to the Deep Value Explorer page! NexPoint Residential Trust will be holding an earnings conference call on Tuesday, July 25th at 11:00 AM Eastern. 10:00 am CT In particular, NXRT is about to enter a binding sales contract to sell Old Farm and Stone Creek at Old Farm for $135 million, expected to generate an estimated combined IRR of 24.8% and an equity multiple of 2.94x. In this release, we, us, our, the Company, NexPoint Residential Trust, and NXRT each refer to NexPoint Residential Trust, Inc., a Maryland corporation. Where Can I Get Additional Information About REITs? Now I will take a look at how the REIT pairs up to the highly completive Southwestern and Southeastern real estate market. Definitions and Reconciliations of Non-GAAP Measures. Portfolio results are unaudited and based on varying investment expiration dates. Represents additional cleaning, disinfecting, PPE and other costs incurred at the properties related to COVID-19 that are not reflective of the continuing operations of the properties. PDF Earnings Supplement: Fourth Quarter & Full Year 2020 Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Goes much higher if recession fears abate. If you have an ad-blocker enabled you may be blocked from proceeding. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek You can contact us via our Information Request page. https://nxrt.nexpoint.com DALLAS, June 29, 2023 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment platform, today announced that its NexPoint Diversified Real Estate Trust (NYSE . ), to discuss second quarter 2023 financial results. NexPoint Residential Trust has confirmed that its next quarterly earnings report will be published on Tuesday, July 25th, 2023. Past performance does not guarantee future results. A copy of the meeting materials will be posted in the Investor Relations section of NXRT's website at www.nexpointliving.com on the morning of November 17, 2020. We define Return on Investment (ROI) as the sum of the actual rent premium divided by the sum of the total cost. ir@nexpoint.com. Total number of units owned as of December 31, 2022 is 15,127, however 113 units are currently down due to fires and water damage (Rockledge 20 units, Versailles: 17 units, Arbors of Brentwood: 16 units, Silverbrook: 16 units, Timber Creek: 16 units, Bella Solara: 8 units, Venue at 8651: 8 units, Six Forks Station: 6 units, Preserve at Terrell Mill: 3 units, Parc500: 2 units and High House at Cary: 1 unit). Despite market volatility and financing risks, NexPoint Residential Trust's Q1 2023 results demonstrate its ability to navigate challenges and capitalize on opportunities, making it a recommended buy. After submitting your request, you will receive an activation email to the requested email address. NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek You present a good case. Is Investigating Xponential, Franchise Group, Zai Lab, and Hayward and Encourages Investors to Contact the Firm. NexPoint Residential Trust is a growth-oriented REIT that has a solid track record of recent success. These moves diversified their presence across different markets. NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.42 per share of NXRT common stock, payable on March 31, 2023, to . Now I would also like to mention the risks as they are important when making a decision about an investment. Investor RelationsKristen ThomasIR@nexpoint.com, Media RelationsProsek Partners for NexPointpro-nexpoint@prosek.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-second-quarter-2023-earnings-conference-call-301866370.html, https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-second-quarter-2023-earnings-conference-call-301866370.html. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. There are 31 properties encompassing 12,210 units of apartment space in our Same Store pool for the year ended December 31, 2022 (our 2021-2022 Same Store properties). A non-GAAP financial measure is defined as a numerical measure of a companys financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income, balance sheets or statements of cash flows of the Company. Inclusion in the Russell indexes is determined primarily by market-capitalization and index membership. NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.42 per share of NXRT common stock, payable on June 30, 2023, to . More information about the Company is available at https://nxrt.nexpoint.com. ET Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. NXDT seeks to achieve this objective by investing among various commercial real estate property types and across the capital structure, including but not limited to mortgage debt, mezzanine debt and common and preferred equity. DALLAS, June 28, 2023 /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 25, 2023, at 11:00 a.m. To report a factual error in this article, quickly growing southern and western regions. The NexPoint platform is comprised of investment advisers NexPoint Advisors, L.P. and NexPoint Real Estate Advisors, L.P., a member FINRA/SIPC broker dealer, NexPoint Securities, Inc., and a suite of related investment vehicles. About NexPoint Residential Trust, Inc. Terms of Service | Privacy Policy, NexPoint Residential Trust, Inc. The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO. The Company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. NexPoint Diversified Real Estate Trust ("NXDT") is an externally advised diversified real estate investment trust ("REIT"), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. Announces Quarterly Dividend, NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2023 RESULTS, NexPoint Residential Trust, Inc. Approves Quarterly Dividend, Payable on June 30, 2023, NexPoint Residential Trust, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023, NexPoint Residential Trust, Inc. When typing in this field, a list of search results will appear and be automatically updated as you type. NexPoint Residential Trust, Inc. Announces Second Quarter 2023 Earnings Compared to peers, the company seems undervalued as both MAA and CPT trade at 18x this years expected FFO. Stocks listed in the Russell 2000 are automatically included in the appropriate growth and value style indexes. NXDT also may, to a limited extent, hold, acquire or transact in certain non-real estate securities. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. NexPoint Residential Trust, Inc. Announces Quarterly Dividend All rights reserved. NexPoint Residential Trust, Inc. Announces Second Quarter 2023 Earnings To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The Company is externally managed by NexPoint Real Estate Advisors, L.P. For a more complete discussion of NOI, FFO, Core FFO and AFFO, see our most recent Annual Report on Form 10-K and our other filings with the SEC. This made Southern and Western markets cheap real estate and an attractive place for middle-income professionals to settle down. ( You must click the activation link in order to complete your subscription. NexPoint Residential Trust, Inc - NexPoint Residential Trust, Inc FFO, Core FFO, AFFO and NOI are non-GAAP measures. NXRT Recaps Acquisition/Disposition Activity, Value-Add Results and Issues 2023 Full Year Guidance. NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. An investment in any of the NexPoint offerings involves risk, and there can be no assurance that the investment objectives will be met. This website is neither an offer to sell nor a solicitation of an offer to buy any of the securities described herein. 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 andSouthwestern United States. Year-over-year growth for the Full Year 2023 pro forma Same Store pool (36 properties). Kristen Thomas There are 35 properties encompassing 13,227 units of apartment space in our Q4 Same Store pool for the three months ended December 31, 2022 (our Q4 Same Store properties). Contact: Investor Relations Jackie Graham JGraham@nexpoint.com 972-419-6213 Media inquiries: JGraham@nexpoint.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2020 RESULTS NXRT Recaps Acquisition/Disposition Activity, Value-Add Results and Issues 2021 Full Year Guidance In particular you may want to consider the following: 1. NexPoint Residential Trust, Inc. Announces Quarterly Dividend ET. 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 . Announces Second Quarter 2023 Earnings Conference Call, NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2023 Investor Conference, JMP Securities Remains a Buy on NexPoint Residential (NXRT), NexPoint Residential Trust Inc. (NXRT) Misses Q1 FFO and Revenue Estimates, Colliers Securities Sticks to Its Buy Rating for NexPoint Residential (NXRT), NexPoint Residential Trust, Inc. Entering text into the input field will update the search result below. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, NexPoint Diversified Real Estate Trust Releases Investor Presentation, NexPoint Diversified Real Estate Trust Announces Quarterly Dividend. https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-second-quarter-2023-earnings-conference-call-301866370.html. NXRT - NexPoint Residential Trust, Inc. - Yahoo Finance Where Are NexPoint Diversified Real Estate Trust's Common and Preferred Shares Listed? The company specializes in the multifamily housing sector by focusing its investment efforts primarily on acquiring, owning, and operating multifamily properties in the Southwest and Southeast Markets. The Russell indexes are reconstituted yearly in June to accurately reflect the current state of the U.S. equity market. I have no business relationship with any company whose stock is mentioned in this article. Past performance does not guarantee future results. A live audio webcast of the call will be available online at the Company's website, , by dialing 800- 770- 2030 or, for international callers, +1 647- 362- 9199 and entering passcode 5001576. Net debt is calculated by subtracting cash and cash equivalents and restricted cash held for value-add upgrades and green improvements from total debt outstanding. The company has maintained a 94% occupancy rate, diversified its presence, and successfully refinanced its property-level mortgages, providing strategic flexibility and a resilient balance sheet. , These metrics are owed to the increase in rental income due to the large influx of migrations to their property-dense states. Cision Distribution 888-776-0942 The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. Our 5.50% Series A Cumulative Preferred Shares are listed on NYSE under the symbol NXDT-PA. Class B properties offer affordability, lower competition, value-add potential, stability, and lower operating costs, making them attractive to real estate investors. Please. We present net debt because we believe it provides our investors a better understanding of our leverage ratio. We define Same Store NOI as NOI for our properties that are comparable between periods. An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days. A replay of the conference call will also be available through Tuesday, August 8, 2023, by dialing 800- 770- 2030 or, for international callers, +1 647- 362- 9199 and entering passcode 5001576. Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. How Can I Request Additional Information From NexPoint Diversified Real Estate Trust? Prosek Partners for NexPoint Target underlying property types primarily include but are not limited to industrial, hospitality, net lease, retail, office, storage and healthcare and, to the extent currently owned, multifamily and single-family rentals. Performance Details 1 Year Return -21.97% 2 year return -8.44% 3 year return 11.59% 5 year return 13.21% The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles our 2023 NOI guidance to our net income (loss) (the most directly comparable GAAP financial measure) guidance for the year endedDecember 31, 2023and for the three months endedMarch 31, 2023(in thousands): Adjustments to reconcile net loss to NOI: Mid-Point estimates shown for full year and first quarter 2023 guidance. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Fluctuations in interest rates, credit availability, and refinancing risks, especially in this post Covid volatile market, can affect borrowing costs and the company's ability to access capital for growth and operational needs. Market Volatility: The real estate market is subject to fluctuations driven by economic conditions, interest rates, and local market dynamics. Investor RelationsKristen ThomasIR@nexpoint.com, Media RelationsProsek Partners for NexPointpro-nexpoint@prosek.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-second-quarter-2023-earnings-conference-call-301866370.html, Delayed Quote I rate the company a BUY here. NexPoint Residential Trust, Inc. (NXRT) is an externally advised, publicly traded real estate investment trust (REIT) focused on the acquisition, asset management, and disposition of multifamily assets, located primarily in the Sun Belt region of the United States. ir@nexpoint.com. About NexPoint Diversified Real Estate Trust. ET ( 10:00 am CT ), to discuss second quarter 2023 financial results. Contact Our Industry Leading Experts at NexPoint The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. Form CRS | Important Disclosures | Privacy Policy. NOI, FFO, Core FFO and AFFO do not purport to be indicative of cash available to fund our future cash requirements. DALLAS Southwestern United States PDF FOR IMMEDIATE RELEASE Contact: Investor Relations Jackie Graham JGraham NexPoint Residential Trust is a growth-oriented REIT that has a solid track record of recent success. DALLAS, Oct. 25, 2022 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) (" NXRT ") announced today that its board of directors unanimously approved a dividend of $0.42 per share. To see a list of our historical dividends on our Common Shares, please visit our Dividends page. The Russell 2000, a subset of the Russell 3000, measures performance of the small-cap U.S. equity market. , at A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com (under "Resources"). NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that the record date for determining stockholders entitled to vote at the 2023 Annual Meeting of Stockholders (the "Annual . ET (10:00 am CT), to discuss second quarter 2023 financial results. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Indicates coverage ratio of Net Income(Loss)/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period. /PRNewswire/ -- NexPoint Residential Trust, Inc., ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company is scheduled to host a conference call on For additional information about REITs, please visit our industry trade associations web site at www.nareit.org. NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.5% NexPoint Real Estate Finance - Nexpoint Real Estate Finance The terms of our 5.50% Series A Cumulative Preferred Shares provide for a quarterly dividend of $0.34375 per share. An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days. More information about the Company is available at https://nxrt.nexpoint.com. NEXPOINT RESIDENTIAL TRUST, INC. Management's Discussion and Analysis of Financial Condition and Results I believe NexPoint Residential Trust should be a must-have in your REIT portfolio, and here is why. 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 . Total revenues were $264.0 million for the full year 2022, compared to $219.2 million for the full year 2021. In their earnings call, they mentioned Phoenix as a potential high potential area for their investment due to the increased demands in the supply chain and major companies identifying the space as a place for major factories and headquarters. At NexPoint Diversified Trust, we promise to treat your data with respect and will not share your information with any third party. These forward-looking statements include, but are not limited to, statements regarding NXRTs business and industry in general, the closing of the sales of Old Farm andStone Creekat Old Farm in the first half of 2023 and the paydown of the remainder of the Corporate Credit Facility and the results of the paydown and other refinancing activities on the Companys debt profile, 2023full year guidance and the related components and assumptions, including acquisitions and dispositions, shares outstanding, interest expense and the related components and same store growth projections, NXRTs net asset value and the related components and assumptions, estimated value-add expenditures, debt payments, dispositions, outstanding debt and shares outstanding, guidance for the first quarter 2023 and the related assumptions, planned value-add programs, including projected average rent, rent change and return on investment, expected settlement of interest rate swaps and the effect on the debt maturity schedule, rehab budgets, and expected acquisitions and dispositions. ir@nexpoint.com. Always do your own research before investing. Copyright 2023. Their total revenue increased by 15% YoY to $69 million in Q1 2023 compared to $60 million in Q1 2022. You can sign up for additional alert options at any time. A replay of the conference call will also be available throughTuesday, March 7, 2023, by dialing 800- 770- 2030 or, for international callers, +1 647-362-9199 and entering passcode 5001576. What's particularly noteworthy is that the REIT secured improved interest rate pricing on 19 of these mortgages, a highly favorable outcome that would be challenging to replicate in today's market. I have no business relationship with any company whose stock is mentioned in this article. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Please read the prospectus carefully before investing. For Public Relations; For IR & Compliance; For Agency; For Small Business; All Products; To sum up, NexPoint Residential Trust's first-quarter 2023 results were pretty good and confirm their ability to navigate challenges and capitalize on opportunities. The company specializes in the multifamily housing sector by focusing its investment efforts primarily on acquiring, owning, and operating multifamily properties in the Southwest and Southeast Markets. Announces Quarterly Dividend, NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2023 RESULTS, NexPoint Residential Trust declares $0.42 dividend, Registration on or use of this site constitutes acceptance of our. 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. Now a look across the numbers to why NXRT is poised to continue to grow going forward. The conference call can be accessed live over the . The change in our net income between the periods primarily relates to a decrease in gains on sales of real estate, increases in total property operating expenses and depreciation and amortization expense, partially offset by increases in total revenues. DALLAS, June 28, 2023 /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 25, 2023, at 11:00 a.m. Enterprise Value is calculated as Market Capitalization as of December 31, 2022 plus Net Debt. NexPoint Residential Trust, Inc. Announces Second Quarter 2023 Earnings NexPoint Residential Trust is a publicly traded REIT, . NexPoint Residential Trust, Inc - NexPoint Residential Trust NexPoint Residential Trust, Inc. to Present at Raymond James 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 Southeaste. Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks used to measure active investment strategies. More information about the Company is available at https://nxrt.nexpoint.com. The majority of the top-performing real estate markets this year are dispersed away from the coastal districts, in the quickly growing southern and western regions. Thank you for signing up! PDF Earnings Supplement: First Quarter 2022 NexPoint Residential Trust, Inc. Announces Appointment of Independent 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. NexPoint Residential Trust Announces 2021 Dividend Income Tax Treatment An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days. A live audio webcast of the call will be available online at the Company's website, https://nxrt.nexpoint.com (under "Resources"). Notably, the Atlanta metro area showed impressive progress in this year's survey, leaping to the third-ranking spot from its previous position at number eight. At NexPoint Diversified Trust, we promise to treat your data with respect and will not share your information with any third party. I like the areas of concentration. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NexPoint Diversified Real Estate Trust - Resources - Investor FAQs The Company is focused on value-added multifamily investments primarily located in the Southeastern and Southwestern United States. The Company plans to issue a press release with second quarter 2023 financial results before market open on Tuesday, July 25, 2023.
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