NexPoint Residential Trust Inc (N:NXRT)

Sector:  Financials Industry:  Residential REITs
See Regulatory Filings on SEC
Company Contact
Address: 300 Crescent Ct Ste 700
DALLAS TX 75201-7849
Tel: N/A
IR: See website
Key People
James D. Dondero
Chairman of the Board, President, Director
Brian D. Mitts
Chief Financial Officer, Executive Vice President - Finance, Treasurer, Secretary, Director
Matthew Ryan McGraner
Executive Vice President, Chief Investment Officer
Matthew Keith Goetz
Senior Vice President - Investments and Asset Management
Business Overview
NexPoint Residential Trust, Inc. is an externally managed real estate investment trust (REIT). The Company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company's business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P. (OP). The sole limited partner of the OP is the Company. Its subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC, is the sole general partner of the OP. As of December 31, 2016, the Company owned 39 properties representing 12,965 units in eight states, including two Parked Assets. The Company's advisor is NexPoint Real Estate Advisors, L.P.
Financial Overview
For the fiscal year ended 31 December 2019, NexPoint Residential Trust Inc revenues increased 24% to $181.1M. Net income totaled $99.1M vs. loss of $1.6M. Revenues reflect Rental income increase of 38% to $177.2M. Net Income reflects Gain on sales of real estate increase from $13.7M to $127.7M (income), Interest rate caps increase from $276K (expense) to $6.5M (income).
Employees: 3 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,926M as of Dec 31, 2019
Annual revenue (TTM): $181.07M as of Dec 31, 2019
EBITDA (TTM): $84.00M as of Dec 31, 2019
Net annual income (TTM): $99.14M as of Dec 31, 2019
Free cash flow (TTM): -$818.19M as of Dec 31, 2019
Net Debt Last Fiscal Year: $1,377M as of Dec 31, 2019
Shares outstanding: 25,296,836 as of Feb 21, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization