NexPoint Residential Trust (NXRT) Reports In-Line Q2 EPS; Boosts FY18 Guidance

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Go back to NexPoint Residential Trust (NXRT) Reports In-Line Q2 EPS; Boosts FY18 Guidance

NexPoint Residential Trust, Inc. Reports Second Quarter 2018 Results

July 31, 2018 7:30 AM EDT

DALLAS, July 31, 2018 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) reported financial results for the second quarter ended June 30, 2018.

Highlights

NXRT reported Net Loss, FFO1, Core FFO1 and AFFO1 of $(1.7)M, $9.3M, $8.7M and $10.2M, respectively, attributable to common stockholders for the quarter ended June 30, 2018. For the three months ended June 30, 2018, Q2 Same Store properties2 average effective rent, occupancy, total revenue and NOI1 increased 3.6%, 1.6%, 4.7% and 11.0%, respectively, over the prior year period. Q2 Same Store expenses decreased 2.2% in the second quarter due to... More