Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 Crescent Ct Ste 700 DALLAS TX 75201-7849 |
Tel: | N/A |
Website: | www.nexpointliving.com |
IR: | See website |
Key People | ||
James David 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 | Dennis Charles Sauter General Counsel |
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 nine months ended 30 September 2020,NexPoint Residential Trust Inc revenues increased 17% to$154.3M. Net income decreased 57% to $48.2M. Revenuesreflect FFO per Share (Basic) increase of 38% to $0.6, FFOper Share (Diluted) increase of 40% to $0.59, Rental incomeincrease of 31% to $149.9M. Net income was offset by NetOperating Income (NOI) - Total decrease of 38% to $30M. |
Employees: | 3 as of Dec 31, 2019 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,328M as of Sep 30, 2020 |
Annual revenue (TTM): | $203.93M as of Sep 30, 2020 |
EBITDA (TTM): | $95.28M as of Sep 30, 2020 |
Net annual income (TTM): | $34.95M as of Sep 30, 2020 |
Free cash flow (TTM): | -$265.99M as of Sep 30, 2020 |
Net Debt Last Fiscal Year: | $1,261M as of Sep 30, 2020 |
Shares outstanding: | 24,606,457 as of Oct 28, 2020 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |