NexPoint Residential Trust(NXRT) - 2019 Q3 - Earnings Call Presentation

Financial Performance - Net income attributable to common stockholders for Q3 2019 was $118747 thousand, compared to a net loss of $(5245) thousand in Q3 2018[6, 28] - For the nine months ended September 30, 2019, net income attributable to common stockholders was $112406 thousand, compared to $3158 thousand for the same period in 2018[6, 28] - Q3 Same Store NOI increased by 44% to $16898 thousand, compared to $16185 thousand for the third quarter of 2018[6, 28] - YTD Same Store NOI increased 51% to $50370 thousand, compared to $47936 thousand for the nine months ended September 30, 2018[6, 28] - NXRT increased the quarterly dividend by 136% to $03125 per share[5] Portfolio and Operations - NXRT acquired properties worth $4843 million in Nashville, TN, Orlando, FL, and Pembroke Pines, FL during Q3 2019[5, 6] - The portfolio consisted of 37 properties with 13757 units, with an average effective monthly rent of $1095 and 936% physical occupancy as of September 30, 2019[6, 28] - The company completed the sale of six properties for approximately $2899 million, netting $1402 million after debt repayment and closing costs[6] - For properties in the Portfolio, 5842 full and partial upgrades have been completed since inception, achieving an average monthly rental increase of $98 per unit, equating to a 242% ROI[6] Guidance - The company is tightening its 2019 guidance for earnings per diluted share to a midpoint of $442 and reaffirming Core FFO per diluted share guidance to a midpoint of $192[31]