NexPoint Residential Trust Inc.: Q4 Earnings Snapshot
DALLAS (AP) _ NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its fourth quarter. The Dallas-based real estate investment trust said it had funds from operations of $19.9 million, or 77 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $38.8 million, or $1.50 per share. The real estate investment trust, based in Dallas, posted revenue of $58.5 million in the period. NexPoint Residential Trust Inc. expects full-year funds from operations to be $3.36 per share. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on NXRT at https:||www.zacks.com|ap|NXRT
NexPoint Residential Trust Inc.: Q4 Earnings Snapshot
DALLAS (AP) _ NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its fourth quarter. The Dallas-based real estate investment trust said it had funds from operations of $19.9 million, or 77 cents per share, in the period. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $38.8 million, or $1.50 per share. The real estate investment trust, based in Dallas, posted revenue of $58.5 million in the period. NexPoint Residential Trust Inc. expects full-year funds from operations to be $3.36 per share. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on NXRT at https:||www.zacks.com|ap|NXRT