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Mar 31, 2021
NexPoint Residential Q1 2021 Earnings Report
Reported first quarter results, increased full year guidance, and continued to execute value-add strategy.
Key Takeaways
NexPoint Residential Trust reported a net loss of $(6.9) million for the first quarter of 2021. However, the company increased its 2021 full year guidance and continues to execute its value-add strategy.
Net Loss, FFO, Core FFO and AFFO of $(6.9)M, $13.8M, $14.1M and $16.0M, respectively, attributable to common stockholders for the quarter ended March 31, 2021.
Q1 Same Store properties average effective rent, total revenue and occupancy increased 1.2%, 2.1% and 110 bps, respectively, and NOI decreased (0.3)% from the prior year period.
The weighted average effective monthly rent per unit across all 37 properties held as of March 31, 2021 was $1,130, while physical occupancy was 95.3%.
Completed 285 full and partial upgrades and leased 421 upgraded units, achieving an average monthly rent premium of $163 and a 20.7% ROI.
Revenue by Geographic Location
Forward Guidance
NXRT is providing updated 2021 guidance ranges for earnings (loss) per diluted share, Core FFO per diluted share, Same Store rental income, Same Store total revenue, and Same Store NOI.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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