Nexpoint Residential Trust, Inc. Provides Earnings Guidance for the Three Months Ending June 30, 2024 and Year Ending December 31, 2024
April 30, 2024 at 08:16 am
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NexPoint Residential Trust, Inc. provided earnings guidance for the three months ending June 30, 2024 and year ending December 31, 2024. For three months, the company expected net income mid-point of $10,380,000; NOI mid-point of $38,647,000.
For the year, the company expected net income mid-point of $18,524,000; NOI mid-point of $156,557,000 and Same Store NOI mid-point of $152,735,000.
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT). The Company is primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-add potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. The Companyâs investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P.
NEXPOINT RESIDENTIAL TRUST, INC. 
