NexPoint Residential Trust (NXRT) Posts Q2 AFFO of $0.34

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Go back to NexPoint Residential Trust (NXRT) Posts Q2 AFFO of $0.34

NexPoint Residential Trust, Inc. Reports Second Quarter Results

August 1, 2017 7:30 AM EDT

DALLAS, Aug. 1, 2017 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) reported financial results for the second quarter and six months ended June 30, 2017.

Highlights

NXRT reported Net Income, FFO¹, Core FFO¹, and AFFO¹ of $3.8M, $9.7M, $14.2M, and $16.5M, respectively, attributable to common shareholders for the six months ended June 30, 2017. For the first six months of 2017, Same Store average effective rent, total revenue and NOI¹ increased 5.2%, 7.0% and 7.2%, respectively over the prior year period. The weighted average effective monthly rent per unit, across all 37 properties... More