Earnings ·
Reports Q3 net loss of $11.5M and authorizes $150M share repurchase program
NXRTNexPoint Residential Trust, Inc.
NexPoint Residential Trust reported a third-quarter net loss attributable to common stockholders of $11.5 million, or $0.45 per diluted share, compared to a $7.8 million loss in the prior-year period. Funds from operations (FFO) fell to $11.7 million, or $0.46 per share, from $15.9 million. The company also announced it authorized a new share repurchase program of up to $150 million and approved a quarterly dividend of $0.53 per share payable on December 31, 2026. NexPoint Residential Trust is a real estate investment trust focused on acquiring, owning, and operating middle-income multifamily properties in the United States.