NexPoint Residential Trust Inc (N:NXRT)

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
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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

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