NexPoint Residential Trust (NXRT) Misses Q3 FFO by 4c; Guides FY16 FFO

November 10, 2016 7:38 AM EST
Get Alerts NXRT Hot Sheet
Trade NXRT Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

NexPoint Residential Trust (NYSE: NXRT) reported Q3 EPS of $0.32, $0.04 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $33.1 million versus the consensus estimate of $33.16 million.

AFFO┬╣ totaled $16.2 million, or $0.76 per common share, which included $8.0 million, the Company's share of gain on sales of four properties. This compared to $22.5 million, or $1.06 per common share, for the second quarter of 2016, which included $14.8 million, the Company's share of gain on sales of three properties.

GUIDANCE:

NexPoint Residential Trust sees FY2016 EPS of $1.38-$1.47, versus the consensus of $1.44.

For earnings history and earnings-related data on NexPoint Residential Trust (NXRT) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance

Related Entities

Earnings

Add Your Comment