Core Viewpoint - NexPoint Residential Trust, Inc. announced a dividend increase of 3.9% per share, reflecting strong financial performance and commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The board of directors approved a dividend of $0.53 per share, payable on December 31, 2025, to stockholders of record on December 15, 2025 [1]. - This dividend represents a 3.9% increase over the previous quarter's dividend per share [1]. - Since its inception in 2015, the dividend has increased by 157.3% [1]. Group 2: Company Overview - NexPoint Residential Trust is a publicly traded real estate investment trust (REIT) listed on the New York Stock Exchange under the symbol "NXRT" [2]. - The company focuses on acquiring, owning, and operating middle-income multifamily properties with "value-add" potential in large cities and suburban areas, primarily in the Southeastern and Southwestern United States [2]. - NexPoint Residential Trust is externally advised by NexPoint Real Estate Advisors, L.P. [2].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - NexPoint Residential Trust, Inc. is set to host a conference call on October 28, 2025, to discuss its third quarter 2025 financial results [1]. Group 1: Conference Call Details - The conference call will take place at 11:00 a.m. ET and can be accessed by dialing 888-660-4430 for domestic callers or +1 646-960-0537 for international callers, using passcode Conference ID: 5001576 [2]. - A live audio webcast will be available on the Company's website, and a replay will be accessible shortly after the call for 60 days [2]. - A press release with the financial results will be issued before market open on the same day [3]. Group 2: Company Overview - NexPoint Residential Trust is a publicly traded REIT listed on the NYSE under the symbol "NXRT," focusing on acquiring, owning, and operating middle-income multifamily properties with "value-add" potential in major cities and suburban areas, primarily in the Southeastern and Southwestern United States [4]. - The Company is externally advised by NexPoint Real Estate Advisors, L.P., which has extensive experience in real estate [4].

Core Insights - The Federal Reserve's potential cuts to the Fed Funds rate are expected to influence the yield curve, particularly benefiting certain securities [1][6][27] - The current yield curve is upward sloping, but there are anomalies with short-term rates being higher than 2-year Treasuries [2][4] - A significant amount of capital is currently held in money market funds, which may shift to longer-duration Treasuries or high-yield securities as rates change [9][35] Yield Curve Dynamics - The yield curve typically slopes upward, with longer-duration bonds offering higher yields due to increased duration risk [1] - Recent trends show an inverted yield curve, but it has normalized with short-term rates above 4% due to the Fed Funds rate [2][4] - The Fed's recent cut to the Fed Funds rate to a range of 400 to 425 basis points is expected to lower short-term yields, with uncertain effects on long-term yields [6][7] Capital Flows and Investment Opportunities - An estimated $7.3 trillion is currently in money market funds, a 143% increase since pre-pandemic levels, indicating a potential shift in capital as rates decline [9][16] - If the Fed continues to cut rates, capital from money market funds may flow into long-duration Treasuries or high-yield securities, impacting market prices positively [17][19] - High-yield corporate bonds, high-dividend equities, and preferred stocks are expected to benefit from this capital influx [18][19] Company-Specific Insights - Gladstone Commercial (GOOD) stands to benefit from reduced interest expenses as its variable rate debt is linked to SOFR, with each 25 basis point cut reducing annual interest expense by approximately $1.156 million [22][24] - The anticipated cuts could lead to significant FFO and AFFO accretion for GOOD, enhancing its ability to maintain a high dividend yield of 9.5% [28] - Companies with high debt relative to equity, such as NexPoint Residential (NXRT), may also see benefits from lower interest rates, although their debt is largely hedged to fixed rates [33][34] Market Trends and Predictions - The REIT preferred market is expected to see increased activity as capital flows into high-yield securities, with many preferreds currently offering yields above 8% [36][38] - The market may bid up preferreds to or above par as interest rates decline, creating opportunities for capital appreciation [39][41] - Overall, the investment landscape is shifting towards high-yield securities as traditional risk-free options become less attractive [19][41]

Company Overview - NexPoint Residential Trust, Inc. (NXRT) is a publicly traded Real Estate Investment Trust (REIT) focused on acquiring, owning, and operating middle-income multifamily properties with "value-add" potential in large cities and suburban areas, primarily in the Southeastern and Southwestern United States [3]. Recent Developments - NXRT announced a dual listing of its common stock on NYSE Texas, effective August 19, 2025, while maintaining its primary listing on the New York Stock Exchange (NYSE) under the same ticker symbol "NXRT" [1]. - The Chief Investment Officer of NexPoint, Matt McGraner, emphasized the importance of the NYSE in NXRT's growth over the past decade and expressed pride in joining NYSE Texas as a Founding Member, reflecting support for Texas's pro-business values [2]. Strategic Importance - The dual listing on NYSE Texas is seen as a strategic move to support the expansion of capital markets infrastructure in Texas, highlighting the company's commitment to the region [2].

[Cautionary Statement Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This report contains forward-looking statements subject to significant risks, including economic conditions, geographic concentration, competition, and REIT status maintenance [Cautionary Statement Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This report contains forward-looking statements subject to significant risks, including economic conditions, geographic concentration, competition, and REIT status maintenance - Forward-looking statements are based on current management beliefs and are subject to numerous known and unknown risks and uncertainties that are beyond the company's control[10](index=10&type=chunk)[11](index=11&type=chunk) - Key operational and market risks include: macroeconomic trends like inflation and high interest rates, concentration of properties in the Southeastern and Southwestern U.S., competition for acquisitions and tenants, and risks associated with a value-enhancement strategy[12](index=12&type=chunk) - Significant financial and corporate risks include: risks from substantial indebtedness, dependence on key personnel at the Adviser, conflicts of interest, and the necessity of maintaining REIT status for tax purposes[14](index=14&type=chunk) [PART I—FINANCIAL INFORMATION](index=8&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) [Financial Statements](index=8&type=section&id=Item%201.%20Financial%20Statements) This section presents unaudited consolidated financial statements, including balance sheets, income statements, equity, cash flows, and notes, for Q2 and H1 2025 [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to **$1.86 billion** by June 30, 2025, while liabilities slightly rose and equity declined due to net loss and dividends Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 (Unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Total Net Operating Real Estate Investments** | $1,763,255 | $1,793,223 | | **Total Assets** | **$1,857,201** | **$1,907,420** | | **Mortgages payable, net** | $1,466,530 | $1,463,650 | | **Total Liabilities** | **$1,504,147** | **$1,491,270** | | **Total Stockholders' Equity** | $347,890 | $410,368 | | **Total Liabilities and Stockholders' Equity** | **$1,857,201** | **$1,907,420** | [Consolidated Statements of Operations and Comprehensive Income (Loss)](index=9&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20(Loss)) Q2 2025 saw a **$7.1 million net loss**, a shift from 2024's net income, primarily due to the absence of real estate sale gains Consolidated Statements of Operations Highlights (in thousands, except per share amounts) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Total revenues** | $63,149 | $64,238 | $126,365 | $131,815 | | **Total expenses** | $55,246 | $57,442 | $111,039 | $115,737 | | **Gain on sales of real estate** | $0 | $18,686 | $0 | $50,395 | | **Net income (loss)** | **($7,061)** | **$10,638** | **($13,985)** | **$37,040** | | **Net income (loss) attributable to common stockholders** | ($7,033) | $10,596 | ($13,930) | $36,894 | | **Earnings (loss) per share - diluted** | **($0.28)** | **$0.40** | **($0.55)** | **$1.40** | [Consolidated Statements of Stockholders' Equity](index=10&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity decreased to **$347.9 million** by June 30, 2025, due to a **$13.9 million net loss**, **$26.6 million in dividends**, and **$7.7 million in repurchases** - For the six months ended June 30, 2025, key changes to stockholders' equity included a **net loss of $13.9 million**, payment of **$26.6 million in common stock dividends**, and **$7.7 million in common stock repurchases**[24](index=24&type=chunk) [Consolidated Statements of Cash Flows](index=12&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 saw **$48.2 million** from operations, **$18.7 million** used in investing, and **$35.4 million** used in financing, resulting in a **$5.9 million net cash decrease** Consolidated Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $48,202 | $39,346 | | **Net cash provided by (used in) investing activities** | ($18,689) | $124,529 | | **Net cash used in financing activities** | ($35,426) | ($154,507) | | **Net increase (decrease) in cash** | ($5,913) | $9,368 | [Notes to Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail REIT organization, accounting policies, 2024 dispositions, **$1.5 billion mortgage debt**, derivatives, repurchases, related-party transactions, and a new **$200 million credit facility** - There were no real estate acquisitions or dispositions during the six months ended June 30, 2025. In the same period of 2024, the company sold two properties for net proceeds of **$141.6 million**, generating a **gain of $50.4 million**[42](index=42&type=chunk)[43](index=43&type=chunk) - As of June 30, 2025, the company had approximately **$1.5 billion in mortgage debt** with a weighted average interest rate of **5.38%**. The company uses interest rate swaps with a notional amount of **$917.5 million** to hedge its floating-rate debt[50](index=50&type=chunk)[51](index=51&type=chunk)[58](index=58&type=chunk) - During the first six months of 2025, the company repurchased **223,109 shares** of common stock for **$7.7 million**. The Adviser voluntarily waived **$10.6 million in advisory and administrative fees** during the same period[71](index=71&type=chunk)[91](index=91&type=chunk) - Subsequent to the quarter end, on July 11, 2025, the company entered into a new **$200.0 million revolving credit facility** maturing in June 2028. A quarterly dividend of **$0.51 per share** was also declared[109](index=109&type=chunk)[110](index=110&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the **35-property multifamily portfolio**, Q2 and H1 2025 net losses due to absent property sale gains, **1.1% Same Store NOI decline**, stable Core FFO, and a new **$200 million credit facility** [Overview](index=38&type=section&id=Overview) As of June 30, 2025, the company managed **35 multifamily properties** with **12,984 units**, **93.3% leased**, and an average monthly rent of **$1,500** Portfolio Snapshot as of June 30, 2025 | Metric | Value | | :--- | :--- | | Number of Properties | 35 | | Number of Units | 12,984 | | Occupancy | 93.3% leased | | Avg. Monthly Effective Rent | $1,500 | [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Q2 2025 net income declined by **$17.7 million** to a **$7.1 million net loss**, primarily due to the absence of **$18.7 million** in 2024 real estate sale gains Summary of Operating Results (in thousands) | Period | Metric | 2025 | 2024 | $ Change | | :--- | :--- | :--- | :--- | :--- | | **Q2** | **Net income (loss)** | **($7,061)** | **$10,638** | **($17,699)** | | | Gain on sales of real estate | $0 | $18,686 | ($18,686) | | **H1** | **Net income (loss)** | **($13,985)** | **$37,040** | **($51,025)** | | | Gain on sales of real estate | $0 | $50,395 | ($50,395) | [Non-GAAP Measurements](index=46&type=section&id=Non-GAAP%20Measurements) Non-GAAP analysis shows **Same Store NOI decreased 1.1% in Q2 2025**, with Core FFO per diluted share stable at **$0.71** and AFFO per diluted share at **$0.80** Same Store NOI Performance | Period | Same Store NOI (in thousands) | % Change YoY | | :--- | :--- | :--- | | **Q2 2025** | $38,036 | -1.1% | | **H1 2025** | $75,773 | -2.4% | FFO, Core FFO, and AFFO Per Diluted Share | Metric per Diluted Share | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **FFO** | $0.67 | $0.62 | $1.34 | $1.34 | | **Core FFO** | $0.71 | $0.69 | $1.45 | $1.43 | | **AFFO** | $0.80 | $0.79 | $1.64 | $1.62 | [Liquidity and Capital Resources](index=56&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity relies on operations and credit facilities, with **$48.0 million cash** as of June 30, 2025, and a new **$200 million revolving credit facility** secured in July 2025 - Short-term liquidity is met through net cash from operations and credit facility capacity. Long-term needs are funded by various capital sources including debt, equity issuances, and property dispositions[205](index=205&type=chunk)[206](index=206&type=chunk) - A new **$200 million revolving credit facility** was established on July 11, 2025, maturing in June 2028, which replaces the prior facility that matured on June 30, 2025[226](index=226&type=chunk) Value-Add Program Capital Expenditures (in thousands) | Period | Interior Rehab | Exterior & Common Area | Total | | :--- | :--- | :--- | :--- | | **Q2 2025** | $1,329 | $91 | $1,420 | | **H1 2025** | $1,981 | $149 | $2,130 | [Quantitative and Qualitative Disclosures About Market Risk](index=68&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risk is interest rate exposure on **$1.5 billion floating-rate debt**, with **62% hedged** by swaps; a **1.00% rate increase** would raise annual interest expense by **$5.5 million** - The company's main market risk is interest rate risk. As of June 30, 2025, **62% of its $1.5 billion in floating-rate debt** was effectively fixed through interest rate swaps[259](index=259&type=chunk) Interest Rate Sensitivity Analysis | Change in Interest Rates | Annual Increase to Interest Expense (in thousands) | | :--- | :--- | | 0.25% | $1,380 | | 0.50% | $2,760 | | 1.00% | $5,520 | [Controls and Procedures](index=69&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls during the quarter - Management concluded that disclosure controls and procedures were effective as of the end of the quarter, June 30, 2025[264](index=264&type=chunk) - No material changes to internal control over financial reporting occurred during the second quarter of 2025[266](index=266&type=chunk) [PART II—OTHER INFORMATION](index=70&type=section&id=PART%20II%E2%80%94OTHER%20INFORMATION) [Legal Proceedings](index=70&type=section&id=Item%201.%20Legal%20Proceedings) The company is not involved in any legal proceedings expected to materially adversely affect its financial condition or operations - Management is not aware of any legal proceedings likely to have a material adverse effect on the company[269](index=269&type=chunk) [Risk Factors](index=70&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the 2024 Annual Report on Form 10-K - No material changes to the risk factors previously disclosed in the 2024 Annual Report have occurred[270](index=270&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds, and Issuer Purchases of Securities](index=70&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Securities) The company repurchased **223,109 shares** for **$7.7 million** in H1 2025, with **$77.8 million** remaining under the repurchase program Share Repurchase Activity (Q2 2025) | Period | Total Shares Purchased | Average Price Paid Per Share | Approx. Dollar Value Remaining (in millions) | | :--- | :--- | :--- | :--- | | April 1 – April 30 | 223,109 | $34.29 | $77.8 | | May 1 – May 31 | — | — | $77.8 | | June 1 – June 30 | — | — | $77.8 | [Defaults Upon Senior Securities](index=70&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There were no defaults upon senior securities during the reporting period - There were no defaults upon senior securities during the period[273](index=273&type=chunk) [Mine Safety Disclosures](index=71&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations or reporting requirements - This item is not applicable to the company[274](index=274&type=chunk) [Other Information](index=71&type=section&id=Item%205.%20Other%20Information) No other material information is required to be reported for this period - There is no other information to report for this period[275](index=275&type=chunk) [Exhibits](index=72&type=section&id=Item%206.%20Exhibits) Exhibits include the 2025 Long Term Incentive Plan, award agreements, a new Credit Agreement, and CEO/CFO certifications - Key exhibits filed include the new 2025 Long Term Incentive Plan, a new Credit Agreement dated July 11, 2025, and required CEO/CFO certifications[277](index=277&type=chunk)

Core Viewpoint - NexPoint Residential Trust reported a mixed second quarter for 2025, with GAAP earnings per diluted share of ($0.28), beating estimates, but revenue of $63.1 million slightly missed expectations, indicating operational challenges in rents and occupancy despite dividend growth [1][2]. Financial Performance - GAAP earnings per diluted share were ($0.28), exceeding estimates by $0.06, while revenue was $63.1 million, falling short of the $63.19 million forecast [1][2]. - Year-over-year changes included a 170% decline in EPS from $0.40 in Q2 2024, and a 1.7% decrease in revenue from $64.2 million [2]. - Funds from operations (FFO) increased to $16.9 million ($0.67 per diluted share), up from $16.3 million ($0.62 per share) [7]. Operational Highlights - The company upgraded 555 units in Q2 2025, significantly up from 113 in the same quarter last year, achieving an average monthly rent premium of $73 and a 26.0% return on investment for upgraded units [5]. - Same-store average effective rent decreased by 1.3% year-over-year to $1,500, and same-store occupancy fell by 80 basis points to 93.3% [6]. Business Strategy - NexPoint focuses on value-add investments, renovating Class B multifamily properties to enhance value and attract tenants [3][4]. - The company is externally managed and relies on floating-rate debt, with a portion hedged through interest rate swaps to manage risk [4]. Capital Allocation - The company repurchased 223,109 shares at an average price of $34.29, totaling $7.65 million, representing a significant discount to the net asset value per share of $50.31 [9]. - No property acquisitions or dispositions occurred in the quarter, but management remains focused on share buybacks and potential future disposals [9]. Dividend and Guidance - A quarterly dividend of $0.51 per share was paid, resulting in a dividend yield of 6.18%, with AFFO coverage at 1.57 times the current payout [10]. - Management affirmed guidance for core FFO per share at $2.75 and same-store NOI growth at (1.5)% for FY2025, with a revised EPS midpoint guidance of ($1.31) [11].

Financial Data and Key Metrics Changes - The company reported a net loss of $7 million or a loss of $0.28 per diluted share on total revenue of $63.1 million for Q2 2025, compared to a net income of $10.6 million or $0.40 earnings per diluted share on total revenue of $64.2 million for the same period in 2024 [5][6] - Core FFO for Q2 was $18 million or $0.71 per diluted share, an increase from $0.69 per diluted share in Q2 2024 [6][7] - The company paid a second-quarter dividend of $0.51 per share, with a 1.39 times coverage by Core FFO and a payout ratio of 72.2% [7] Business Line Data and Key Metrics Changes - Same store rent and occupancy decreased by 1.3% and 0.8% respectively, leading to a 1.1% decrease in same store NOI compared to Q2 2024 [6][12] - The company completed 555 full and partial upgrades during the quarter, leasing 381 upgraded units with an average monthly rent premium of $73 and a 26% return on investment [6][7] - Since inception, the company has completed 9,113 upgrades, resulting in an average monthly rental increase of $165 and a 20.8% return on investment [6] Market Data and Key Metrics Changes - Same store total revenue was down 20 basis points, with four out of ten markets achieving at least 1% growth, particularly Atlanta and South Florida with 3.6% and 2.3% growth respectively [12][14] - The second quarter same store NOI margin registered at 60.9%, with five out of ten markets achieving year-over-year NOI growth of 1% or greater [13][14] - The national delivery outlook is expected to contract to a GFC level output of just 77,000 units per quarter, supporting the thesis on accelerating fundamentals in 2026, 2027, and 2028 [17] Company Strategy and Development Direction - The company is focused on optimizing maintenance operations and implementing AI technology to drive efficiencies and reduce staffing costs [15][22] - The company plans to maintain a balanced approach by driving occupancy, managing controllable expenses, and supporting steady NOI growth despite transitional operating environments [24] - The company is optimistic about capital recycling in the second half of the year through targeted acquisitions and dispositions [24] Management's Comments on Operating Environment and Future Outlook - Management noted that while bad debt has improved significantly, new supply pressures are expected to be short-term challenges, with stabilization anticipated in late 2025 [20] - The company expects second half 2025 revenue to be more muted than initially thought, with an average occupancy expectation of 94% [21] - Management highlighted that despite decelerating rents, growth is still expected compared to the trough in 2024, supported by stabilizing occupancy and improving collections [21][23] Other Important Information - The company entered into a new five-year $100 million SOFR swap at a fixed rate of 3.489% [8] - A $200 million corporate revolving credit facility was established, with an option to increase by an additional $200 million upon lender consent [10][11] Q&A Session Summary Question: How much of the $8 million in recurring capitalized maintenance expenditures year to date are non-revenue producing? - Management indicated that elevated spending is skewed towards non-revenue generating activities due to refinancing activities and significant projects in Nashville [27][28] Question: What drove the larger increase in the rehab program to over 500 units in Q2? - Management attributed the increase to a focus on identifying opportunities and deploying resources faster than expected [30][31] Question: What is driving the lower churn costs? - Management noted that higher retention rates and targeted upgrades to existing units are contributing to lower churn costs [43][44]

Core Insights - NexPoint Residential Trust Inc. reported a revenue of $63.15 million for the quarter ended June 2025, which is a decrease of 1.7% compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.80, a significant increase from $0.40 in the year-ago quarter [1] - The reported revenue fell short of the Zacks Consensus Estimate of $63.43 million, resulting in a surprise of -0.45% [1] - The company experienced an EPS surprise of -1.23%, with the consensus EPS estimate being $0.81 [1] Revenue Breakdown - Rental income was reported at $61.23 million, slightly below the estimated $61.7 million, reflecting a year-over-year decline of 1.9% [4] - Other income amounted to $1.92 million, exceeding the average estimate of $1.83 million, marking a year-over-year increase of 3.5% [4] Stock Performance - Over the past month, shares of NexPoint Residential Trust Inc. have returned -0.9%, contrasting with the Zacks S&P 500 composite's increase of +3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

分组1 - NexPoint Residential Trust Inc. reported quarterly funds from operations (FFO) of $0.8 per share, missing the Zacks Consensus Estimate of $0.81 per share, and showing no change from the previous year's FFO of $0.8 per share [1] - The company posted revenues of $63.15 million for the quarter ended June 2025, which was below the Zacks Consensus Estimate by 0.45% and a decrease from year-ago revenues of $64.24 million [2] - The stock has underperformed, losing approximately 20.9% since the beginning of the year, while the S&P 500 has gained 8.6% [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is $0.80 on revenues of $64.14 million, and for the current fiscal year, it is $3.24 on revenues of $255.47 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The estimate revisions trend for NexPoint Residential Trust Inc. was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]