NexPoint Residential Trust (NXRT) reported third quarter FFO of $15.7 million, or $0.60 per share, compared to $14.5 million, or $0.55 per share, a year ago. Core FFO was $17.9 million, or $0.69 per share, compared to $18.1 million, or $0.69 per share. AFFO totaled $20.6 million, or $0.79 per share, compared to $20.6 million, or $0.78 per share, prior year. Net loss for the third quarter was $8.9 million, or loss of $0.35 per share, compared to net income of $33.7 million, or income of $1.28 per share, previous year.
On average, seven analysts polled by Thomson Reuters expected the company to report a loss per share of $0.27, for the quarter. Analysts' estimates typically exclude special items.
Total revenues were $64.1 million for the third quarter of 2024, compared to $69.8 million for the third quarter of 2023. Same Store NOI decreased 2.4%, for the quarter. Analysts on average had estimated $64.08 million in revenue.
NexPoint Residential Trust also announced that its board approved a dividend of $0.51 per share of NXRT common stock, payable on December 31, 2024, to stockholders of record on December 13, 2024. This represents an 10.3% increase over the previous quarter's dividend per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.