NexPoint Residential Trust Inc (N:NXRT)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 300 CRESCENT COURT, SUITE 700 DALLAS TX 75201 |
| Tel: | N/A |
| Website: | https://www.nexpointliving.com |
| IR: | See website |
| Key People | ||
| James David Dondero Chairman of the Board, President | 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 a real estate investment trust (REIT). The Company is primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-add potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. 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 may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, NexPoint Residential Trust Inc revenues increased 5% to $277.5M. Net income totaled $44.3M vs. loss of $9.3M. Revenues reflect Rental income increase of 5% to $270.1M, Other income increase of 22% to $7.4M. Net Income reflects Net Operating Income (NOI) Same Store increase of 12% to $145M, Gain on sales of real estate increase from $14.7M to $67.9M (income). |
| Employees: | 3 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,404M as of Dec 31, 2023 |
| Annual revenue (TTM): | $277.53M as of Dec 31, 2023 |
| EBITDA (TTM): | $138.22M as of Dec 31, 2023 |
| Net annual income (TTM): | $44.26M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$19.64M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,553M as of Dec 31, 2023 |
| Shares outstanding: | 25,774,730 as of Feb 27, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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