Brief: Nexpoint Residential Trust Reports Q3 FFO $0.64 Per Share

NexPoint Residential Trust

02/11/2021 19:51

Nov 2 (Reuters) - NexPoint Residential Trust Inc  NXRT.N :
    * NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER
2021
RESULTS
    * Q3 FFO PER SHARE $0.64
    * Q3 REVENUE $56.4 MILLION
    * QUARTERLY LOSS PER SHARE $0.21
    * QUARTERLY SAME STORE NOI INCREASED 6.6% TO $30.3 MILLION,
COMPARED TO $28.4 MILLION FOR Q3 OF 2020
    * QUARTERLY FFO TOTALED $16.1 MILLION, COMPARED TO $17.2
MILLION
FOR Q3 OF 2020
    * NEXPOINT RESIDENTIAL TRUST - QTRLY CORE FFO TOTALED $16.4
MILLION, OR $0.65 PER SHARE, COMPARED TO $13.3 MILLION, OR $0.53
PER SHARE, FOR Q3 OF 2020
    * QUARTERLY AFFO TOTALED $18.6 MILLION, OR $0.74 PER SHARE,
COMPARED TO $15.1 MILLION, OR $0.60 PER SHARE, FOR Q3 OF 2020
    * ON OCTOBER 29, CO'S BOARD APPROVED QTRLY DIVIDEND OF
$0.38/SHARE, UP 11.4% FROM PREVIOUS DIVIDEND/SHARE
    * SEES FY 2021 NET INCOME ABOUT $21.3 MILLION AT MID-POINT
    * SEES FY 2021 FFO PER SHARE $2.44 AT MID-POINT
    * SEES FY 2021 CORE FFO PER SHARE $2.38 AT MID-POINT
    * SEES FY 2021 AFFO PER SHARE $2.71 AT MID-POINT

Further company coverage:  NXRT.N 

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