NexPoint Residential Trust (NXRT) Reports Q4 FFO of $0.38

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Go back to NexPoint Residential Trust (NXRT) Reports Q4 FFO of $0.38

NexPoint Residential Trust, Inc. Reports Fourth Quarter And Full Year 2016 Results

March 14, 2017 7:30 AM EDT

DALLAS, March 14, 2017 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) reported financial results for the fourth quarter and full year ended December 31, 2016.

2016 Highlights

For the full year 2016, NXRT reported Net Income, FFO1, Core FFO1 and AFFO1 of $25.9M, $31.0M, $30.6M and $33.3M, respectively. For the full year 2016, Same Store average rent, total revenue and NOI1 increased 6.7%, 9.2%, and 12.1%, respectively. NXRT paid a fourth quarter dividend of $0.220 per share of NXRT common stock on December 30, 2016; this cash dividend represented a $0.014 per share, or 6.8% increase,... More