NexPoint Residential Trust(NXRT)

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NexPoint Residential Trust(NXRT) - 2023 Q4 - Annual Report
2024-02-27 21:12
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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 None 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 ...
NexPoint Residential Trust(NXRT) - 2023 Q3 - Quarterly Report
2023-11-09 21:16
FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 Jurisdiction of Incorporation or Organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...
NexPoint Residential Trust(NXRT) - 2023 Q2 - Quarterly Report
2023-07-27 22:53
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, 2023 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) Maryland 47-1881359 (State or other ...
NexPoint Residential Trust(NXRT) - 2023 Q1 - Quarterly Report
2023-04-27 22:02
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 March 31, 2023 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) Maryland 47-1881359 (State or othe ...
NexPoint Residential Trust(NXRT) - 2022 Q4 - Annual Report
2023-02-23 22:39
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, 2022 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) - 2022 Q4 - Earnings Call Transcript
2023-02-21 20:28
NexPoint Residential Trust, Inc. (NYSE:NXRT) Q4 2022 Earnings Conference Call February 21, 2023 11:00 AM ET Company Participants Kristen Thomas - Investor Relations Brian Mitts - Executive Vice President & Chief Financial Officer Matt McGraner - Executive Vice President & Chief Investment Officer Conference Call Participants Michael Lewis - Truist Securities Tayo Okusanya - Credit Suisse Buck Horne - Raymond James Operator Hello and thank you for standing by. My name is Regina and I will be your conference ...
NexPoint Residential Trust(NXRT) - 2022 Q3 - Quarterly Report
2022-10-26 20:02
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, 2022 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) - 2022 Q3 - Earnings Call Transcript
2022-10-25 18:07
Financial Data and Key Metrics Changes - For Q3 2022, the company reported a net loss of $26 million or $0.02 per diluted share, compared to a net loss of $5.4 million or $0.21 loss per diluted share in Q3 2021, with total revenue increasing by 21% to $68.1 million from $56.4 million [8][14] - Year-to-date, the net loss was $13 million or $0.51 loss per diluted share, with total revenue of $194.6 million, up from a net loss of $15.7 million or $0.62 loss per diluted share and total revenue of $160.7 million in the same period in 2021 [14][15] - Core FFO for Q3 was $21.8 million or $0.85 per diluted share, a 31% increase from $0.65 per diluted share in Q3 2021 [11] Business Line Data and Key Metrics Changes - For Q3, NOI was $39.9 million on 41 properties, a 19% increase from $33.6 million on 40 properties in Q3 2021 [9] - Same-store rent growth reached 19.4%, while same-store occupancy decreased by 130 basis points to 94% [10] - Year-over-year rent growth on renewals averaged 12%, and new leases averaged 14.5% [9] Market Data and Key Metrics Changes - Rental revenue growth was 11.3% or greater in all markets except Houston, which lagged due to a focus on occupancy [27] - Effective rent growth achieved 19.4%, with markets like Tampa showing 26.2% growth [28] - The top five markets for same-store NOI growth were South Florida at 18.7%, Tampa at 18.4%, Nashville at 17.2%, Phoenix at 16.8%, and Atlanta at 16.5% [32] Company Strategy and Development Direction - The company is focusing on de-risking its balance sheet, increasing liquidity, and improving financial outlook through refinancing [19] - A loan application is in process to refinance 19 property-level mortgages, which will improve the weighted average maturity of debt to 6.4 years from 3.3 years [20][21] - The company plans to use approximately $217 million from refinancing proceeds to pay down outstanding principal on the credit facility [21] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is a slight deceleration in rent growth, leasing activity remains strong, with expectations of continued strength in the low-to-mid teens for the rest of the year [35] - The company anticipates same-store NOI growth guidance to be between 14.9% and 16.1% for the year [24] - Management expressed confidence in the company's NAV and the ability to maintain strong rent growth despite market volatility [58] Other Important Information - The company announced a 10.5% increase in the quarterly dividend to $0.42 per share, marking the seventh consecutive annual increase [18] - The company completed 649 renovations in Q3, achieving an average monthly rent premium of $163 and a 24.3% ROI [12] Q&A Session Summary Question: Concerns about loan application and refinancing risks - Management confirmed that the loan application is locked in and committed, with confidence in the relationship with Freddie Mac [48] Question: Insights on rent growth and competitive landscape - Management acknowledged a slight hit to consumer confidence but noted strong leasing activity and the ability to maintain double-digit rent growth [50][52] Question: Discussion on bad debt and delinquencies - Management reported no significant uptick in bad debt, with only a slight increase in slow payers [63] Question: Dividend increase rationale - The increase was consistent with the company's annual practice, and the coverage ratio was deemed favorable [67] Question: Interest expense and refinancing details - Management clarified that the guidance for interest expense includes costs related to swaps and refinancing, with expectations for a lower all-in interest rate [70][73]
NexPoint Residential Trust(NXRT) - 2022 Q2 - Quarterly Report
2022-08-02 20:35
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, 2022 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) Maryland 47-1881359 (State or other ...
NexPoint Residential Trust(NXRT) - 2022 Q2 - Earnings Call Transcript
2022-07-26 19:36
NexPoint Residential Trust, Inc. (NYSE:NXRT) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET Company Representatives Brian Mitts - Executive Vice President, Chief Financial Officer Matt McGraner - Executive Vice President, Chief Investment Officer David Willmore - VP of Finance Jackie Graham - Director of Investor Relations Conference Call Participants Tayo Okusanya - Credit Suisse Michael Lewis - Truist Securities Buck Horne - Raymond James Rob Stevenson - Jeannie Michael Gorman - BTIG Operator ...