NexPoint Residential Trust Inc (N:NXRT)

Business Focus: Residential REITs

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
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 three months ended 31 March 2020, NexPoint Residential Trust Inc revenues increased 27% to $52.6M. Net income totaled $28M vs. loss of $4.4M. Revenues reflect FFO per Share (Basic) increase of 28% to $0.6, FFO per Share (Diluted) increase of 28% to $0.59, Rental income increase of 41% to $51.1M. Net Income reflects Net Operating Income (NOI) - Total increase of 27% to $30M, Gain on sales of real estate increase from $0K to $39M (income).
Employees: 3 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,123M as of Mar 31, 2020
Annual revenue (TTM): $192.16M as of Mar 31, 2020
EBITDA (TTM): $89.77M as of Mar 31, 2020
Net annual income (TTM): $131.46M as of Mar 31, 2020
Free cash flow (TTM): -$694.15M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,300M as of Mar 31, 2020
Shares outstanding: 24,299,451 as of May 8, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization