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NexPoint Residential Trust(NXRT) - 2022 Q1 - Earnings Call Transcript
2022-04-26 19:39
NexPoint Residential Trust, Inc. (NYSE:NXRT) Q1 2022 Earnings Conference Call April 26, 2022 11:00 AM ET Company Participants Jackie Graham – Director-Investor Relations and Capital Markets Brian Mitts – Executive Vice President and Chief Financial Officer Matt McGraner – Executive Vice President and Chief Investment Officer Conference Call Participants Michael Lewis – Truist Securities Tayo Okusanya – Credit Suisse Peter Abramowitz – Jefferies Operator Good day and welcome to the NexPoint Residential Trust ...
NexPoint Residential Trust (NXRT) presents at Raymond James 43rd Institutional Investors Conference - Slideshow
2022-03-09 20:00
NEXPOINT 15 FEBRUARY 2021 NXRT Q4 2020 BOARD MEETING RESIDENTIAL TRUST Raymond James Institutional Investor Conference| March 2022 Featured Property: Hudson High House, located in Cary, NC n x r t . n e x p o i n t . c o m CAUTIONARY STATEMENTS FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can of ...
NexPoint Residential Trust(NXRT) - 2021 Q4 - Annual Report
2022-02-17 23:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdiction of Incorpor ...
NexPoint Residential Trust(NXRT) - 2021 Q4 - Earnings Call Transcript
2022-02-15 19:50
NexPoint Residential Trust, Inc. (NYSE:NXRT) Q4 2021 Earnings Conference Call February 15, 2022 11:00 AM ET Company Participants Brian Mitts – Executive Vice President & Chief Financial Officer Matthew McGraner – Executive Vice President & Chief Investment Officer Jackie Graham – Investor Relation Manager Conference Call Participants Buck Horne – Raymond James Aaron Skloff – Skloff Financial Group Peter Abramowitz – Jefferies Operator Good day and welcome to the NexPoint Residential Trust Q4 2021 Quarterly ...
NexPoint Residential Trust(NXRT) - 2021 Q3 - Quarterly Report
2021-11-03 20:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdiction o ...
NexPoint Residential Trust(NXRT) - 2021 Q3 - Earnings Call Transcript
2021-11-02 21:06
NexPoint Residential Trust, Inc. (NYSE:NXRT) Q3 2021 Results Earnings Conference Call November 2, 2021 11:00 AM ET Company Participants Jackie Graham - IR Manager Brian Mitts - EVP, Finance, Treasurer, CFO, Secretary Matthew McGraner - EVP & CIO Bonner McDermott - Vice President, Asset Management Conference Call Participants Amanda Sweitzer - Baird Gaurav Mehta - National Securities Buck Horne - Raymond James Tayo Okusanya - Credit Suisse Michael Lewis - Truist Securities Rob Stevenson - Janney Operator Goo ...
NexPoint Residential Trust(NXRT) - 2021 Q2 - Quarterly Report
2021-07-30 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 47-1881359 (State or other Ju ...
NexPoint Residential Trust(NXRT) - 2021 Q2 - Earnings Call Transcript
2021-07-27 19:43
Financial Data and Key Metrics Changes - The net loss for Q2 2021 was $3.4 million, or $0.14 per diluted share, compared to a loss of $9.3 million, or $0.38 per diluted share in Q2 2020 [10] - Core FFO for Q2 2021 was $14.2 million, or $0.56 per diluted share, compared to $0.59 per diluted share in Q2 2020 [10] - Total revenues for Q2 2021 were $52.6 million, a 3.7% increase from $50.7 million in Q2 2020 [17] - Year-to-date core FFO was $28.3 million, or $1.13 per diluted share, compared to $1.11 per diluted share in the same period of 2020 [19] Business Line Data and Key Metrics Changes - Same store NOI for Q2 2021 increased by $179,000, or 0.6%, compared to Q2 2020 [10] - The company completed 336 renovations in Q2 2021, achieving an average monthly rent premium of $170 and a 20.5% return on investment [11] - Year-to-date same store NOI increased by $86,000, or 0.2%, compared to the same period in 2020 [12] Market Data and Key Metrics Changes - Same store rent increased by 3.6% in Q2 2021, with average occupancy at 96% compared to 95.3% in Q2 2020 [18] - The company reported a 35% increase in out-of-state applications quarter-over-quarter and a 29% increase year-to-date [24] - New leases in July 2021 were up 24.4%, with renewals at 8.2%, resulting in a blended increase of 15.8% [27] Company Strategy and Development Direction - The company is focused on organic growth through its rehab program rather than relying solely on acquisitions [8] - The ongoing shortage of affordable housing in the U.S. is seen as an opportunity for the company to implement its value-add strategy [16] - The company plans to continue acquiring properties in core markets while maintaining a strong operational performance [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining high occupancy levels despite the eviction moratorium ending, with only 123 units identified for potential eviction [51] - The company anticipates that the strong leasing performance will translate into meaningful revenue growth in the second half of the year [27] - Management noted that the economic activity in the Sunbelt markets is robust, which may mitigate risks associated with the Delta variant of COVID-19 [65] Other Important Information - The company declared a dividend of $0.34125 per share, which is covered 1.65 times by core FFO, indicating a payout ratio of approximately 61% [13] - The revised NAV per share is reported to range from $55.66 to $66.62, with a midpoint of $61.14 based on current cap rates [12] Q&A Session Summary Question: On same store rental income guidance - Management indicated that the decrease in guidance was due to revisions related to bad debt write-offs rather than forward-looking changes [42][43] Question: On blended lease rates and renewal rates - Management expects renewal rates to converge with new lease rates, indicating a healthy leasing market [45][46] Question: On maintaining occupancy levels post-eviction moratorium - Management is optimistic about holding occupancy levels at 96% despite the eviction moratorium ending, with a plan to address units identified for eviction [51] Question: On total expense expectations - Management noted that savings in R&M categories and payroll contributed to a decrease in total same store expense expectations [52] Question: On the impact of the eviction moratorium on market fundamentals - Management believes that evicted tenants may not qualify for new leases, which could mitigate flooding the market with new inventory [63] Question: On the potential impact of the Delta variant - Management feels insulated from risks associated with the Delta variant due to the progressive reopening in their markets [65]
NexPoint Residential Trust(NXRT) - 2021 Q2 - Earnings Call Presentation
2021-07-27 19:35
Exhibit 99.1 27 July 2021 | NYSE: NXRT EARNINGS SUPPLEMENT: SECOND QUARTER 2021 NEXPOINT RESIDENTIAL TRUST, INC. 2515 MCKINNEY AVE SUITE 1100 DALLAS, TX 75201 PHONE: 833-463-6697 INVESTOR RELATIONS: JACKIE GRAHAM NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] TABLE OF CONTENTS | --- | --- | |------------------------------------------------------------|-------| | Earnings Release | 1 | | Cautionary Statement Regarding Forward-Looking Statements | 3 | | Overview | 4 | | Highlights of Recent Ac ...
NexPoint Residential Trust (NXRT) Presents At REITweek 2021 Investor Virtual Conference - Slideshow
2021-06-14 10:39
June 2021 NXRT REITWeek 2021 NEXPOINT RESIDENTIAL TRUST FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements. These statements reflect the current views of the Company's management with respect to future events and financial performance. These statements include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's business and industry in general, the affordable housing market, the Sun Belt rental mark ...