Nexpoint Residential Trust, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
February 16, 2021 at 07:53 am EST
Share
NexPoint Residential Trust, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 204.800 million compared to USD 181.066 million a year ago. Operating income was USD 82.715 million compared to USD 142.593 million a year ago. Net income was USD 44.018 million compared to USD 99.140 million a year ago. Basic earnings per share from continuing operations was USD 1.78 compared to USD 4.11 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to USD 4.03 a year ago.
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT). The Company is primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-add potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. The Companyâs investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company may allocate up to 30% of the portfolio to investments in real estate-related debt and securities with the potential for high current income or total returns. These allocations may include first and second mortgages and subordinated, bridge, mezzanine, construction and other loans. It is externally managed by NexPoint Real Estate Advisors, L.P.
NEXPOINT RESIDENTIAL TRUST, INC. 
