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Dec 31, 2019
NexPoint Residential Q4 2019 Earnings Report
Reported financial results for the fourth quarter and year ended December 31, 2019.
Key Takeaways
NexPoint Residential Trust reported a net loss of $(13.3) million for Q4 2019, which included $23.4 million of depreciation and amortization expense and $10.7 million of interest expense. Total revenues were $49.7 million for the fourth quarter of 2019, compared to $39.4 million for the fourth quarter of 2018.
NXRT reported net income, FFO, Core FFO and AFFO of $99.1M, $40.7M, $47.6M and $54.2M, respectively, attributable to common stockholders for the year ended December 31, 2019.
During the three months ended December 31, 2019, NXRT acquired three properties in Las Vegas, NV (Torreyana, Bloom and Bella Solara) for a combined purchase price of approximately $241.0M.
The weighted average effective monthly rent per unit across all 40 properties held as of December 31, 2019 was $1,103, while physical occupancy was 94.2%.
NXRT paid a fourth quarter dividend of $0.3125 per share of common stock on December 31, 2019; this cash dividend represented a $0.0375 per share, or 13.6% increase, over the prior quarter’s dividend.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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