NexPoint Residential Trust (NXRT) Reports Q3 AFFO of $0.42
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NexPoint Residential Trust, Inc. Reports Third Quarter Results
October 31, 2017 7:30 AM EDTDALLAS, Oct. 31, 2017 /PRNewswire/ --Â NexPoint Residential Trust, Inc. (NYSE: NXRT) reported financial results for the three and nine months ended September 30, 2017.
Highlights
NXRT reported Net Income, FFO¹, Core FFO¹, and AFFO¹ of $57.7M, $16.5M, $22.0M, and $25.6M, respectively, attributable to common stockholders for the nine months ended September 30, 2017. For the nine months ended September 30, 2017, Same Store average effective rent, total revenue and NOI¹ increased 5.5%, 7.1% and 7.9%, respectively, over the prior year period. The weighted average effective monthly rent per unit, across all 32 properties held as... More