NXRT - NexPoint Residential Trust FFO of $0.74 beats by $0.01 revenue of $69.2M misses by $0.5M

2023-04-25 08:17:14 ET

• NexPoint Residential Trust press release ( NYSE: NXRT ): Q1 FFO of $0.74 beats by $0.01 .
• For the first quarter of 2023, Core FFO totaled $18.6 million, or $0.71 per diluted share, compared to $20.1 million, or $0.77 per diluted share, for the first quarter of 2022.
• For the first quarter of 2023, AFFO totaled $21.0 million, or $0.81 per diluted share, compared to $22.3 million, or $0.85 per diluted share, for the first quarter of 2022.
• Revenue of $69.2M (+13.8% Y/Y) misses by $0.5M .
• For the first quarter of 2023, NOI was $41.1 million on 40 properties, compared to $36.7 million for the first quarter of 2022 on 39 properties.
• For the first quarter of 2023, Q1 Same Store NOI increased 9.4% to $37.8 million, compared to $34.5 million for the first quarter of 2022.

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