Shares of NexPoint Residential (NYSE:NXRT) were flat in pre-market trading after the company reported Q1 results.
Earnings per share increased 15.22% over the past year to $0.53, which beat the estimate of $0.42.
Revenue of $52,600,000 rose by 26.75% year over year, which missed the estimate of $52,680,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: May 07, 2020
Recent Stock Performance
Company's 52-week high was at $52.87
Company's 52-week low was at $21.06
Price action over last quarter: down 40.23%
NexPoint Residential Trust Inc is an US-based real estate investment trust company. Its company's investment objectives is to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve a long-term capital appreciation for stockholders. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals primarily in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.