NexPoint Residential Trust (NXRT) Declares $0.25 Quarterly Dividend; 3.7% Yield
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NexPoint Residential Trust (NXRT) Tops Q1 EPS by 2c, Slight Miss on Revenues
May 1, 2018 7:34 AM EDTNexPoint Residential Trust (NYSE: NXRT) reported Q1 EPS of $0.47, $0.02 better than the analyst estimate of $0.45. Revenue for the quarter came in at $35.1 million versus the consensus estimate of $36.06 million.
Highlights
NXRT reported Net Income, FFO1, Core FFO1 and AFFO1 of $10.1M, $7.7M, $8.3M and $9.5M, respectively, attributable to common stockholders for the quarter ended March 31, 2018.For the three months ended March 31, 2018, Same Store properties average effective rent, total revenue and NOI1 increased 3.9%, 3.6%... More