NXRT Stock Recent News

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 Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount

Not all REITs are created equal. Some are far more attractive than others. I highlight 4 exceptional REITs to buy today.

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 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 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.

Fortune reported in November that rent is cheaper than mortgages in 95 out of 97 major metropolitan areas in the U.S. These rental market trends were from Bank of America's economists.   “[T]heir analysis found that ‘rent was still cheaper than mortgages in all but two of 97 major Metro Areas,' as of October, despite the fact that both rents and mortgage payments have gotten more expensive, relative to median income, since the pandemic.

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q3 2023 Earnings Conference Call October 31, 2023 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 of Asset & Investment Management Conference Call Participants Kyle Katorincek - Janney Montgomery Scott LLC Operator Thank you for standing by, and welcome to the NexPoint Residential Trust Q3 2023 Conference Call. I would now like to welcome Kristen Thomas, Investor Relations, to begin the call.

NexPoint Residential Trust's common shares have dipped 29% year-to-date with its dividend yield at 5.6% rising to its highest level since 2016. The REIT focuses on multifamily properties in the Sun Belt region and last held a portfolio of 40 apartment properties. These are being progressively sold off to address debt. NXRT's value-add program and strong NOI growth have helped differentiate it from its peers, but rising interest rates have posed headwinds to core FFO growth.