NYSE$NXRT

NexPoint Residential Trust Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2020.

NexPoint Residential Trust reported a net income of $28.0 million for Q1 2020, along with $85.4 million in capital recycling activity and $31.0 million in share repurchase activity. The entire portfolio is located in markets that are already open or expected to reopen in May.

  • NXRT reported Net Income of $28.0M attributable to common stockholders for the quarter ended March 31, 2020.
  • NXRT reported FFO of $12.4M attributable to common stockholders for the quarter ended March 31, 2020.
  • NXRT reported Core FFO of $13.6M attributable to common stockholders for the quarter ended March 31, 2020.
  • NXRT reported AFFO of $15.3M attributable to common stockholders for the quarter ended March 31, 2020.

Headline financials

Total Revenue

$52.6M

Previous: $41.5M+26.7%
EPS (adj)

$0.53

Previous: $0.46+15.2%
Physical Occupancy

94.2%

No prior period
Avg Monthly Rent

$1.11K

No prior period
Capital Expenditures

-$138M

Previous: -$139M+0.7%
Free Cash Flow

-$110M

Previous: -$144M+23.1%
Net Income

$28M

Previous: -$4.36M+741.2%
Operating Income

$40.5M

Previous: $3.72M+990.8%
Gross Profit

$40.9M

Previous: $31.9M+28.3%
Cash & Equivalents

$69.5M

Previous: $20.5M+238.6%
Total Assets

$1.84B

Previous: $1.27B+44.9%
Stock-Based Comp

$1.3M

Previous: $1.07M+21.5%

Revenue & EPS history

NexPoint Residential · Revenue · Quarterly

$52.6M

Q1 2020+26.7%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

NexPoint Residential · $69.6M total across 2 segments · Q2 2023

  • Rental Income
    $67.8M
  • Other Income
    $1.76M

Forward guidance

Due to uncertainties related to the COVID-19 pandemic, the Company has temporarily withdrawn its previously provided full-year 2020 guidance outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.1%

Avg return

30 days after

61%

27 / 44 earnings

Positive

+9.7%

Q2 2018

Best reaction

-10.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+0.1%+0.7%
Q4 2025-0.2%-5.1%-15.4%
Q3 2025+2.2%+0.4%+4.0%
Q1 2025+2.0%+5.3%-6.5%
Q3 2024-0.7%-5.2%+10.4%
Q2 2024+0.3%+1.6%+8.9%
Q1 2024+2.3%+4.6%+7.5%
Q4 2023-6.5%-5.7%+1.2%
Q3 2023+0.3%+12.0%+13.5%
Q2 2023-10.2%-13.7%-21.7%
Q1 2023-5.0%-2.0%-8.0%
Q4 2022+1.1%+0.2%-17.9%
Q3 2022+9.1%+12.8%+14.1%
Q2 2022-1.6%+5.7%-7.4%
Q1 2022+3.7%-0.4%-19.5%
Q4 2021+9.5%+7.8%+12.1%
Q3 2021+2.4%+5.6%+8.8%
Q2 2021-2.7%-3.5%+0.5%
Q1 2021-1.6%-1.1%+1.9%
Q4 2020-0.2%-2.5%+8.0%
Q3 2020-1.0%+0.2%-2.1%
Q2 2020+7.0%+7.8%+9.7%
Q1 2020+8.4%-2.4%+24.0%
Q4 2019-2.8%-3.4%-28.3%
Q3 2019+3.4%+3.3%+2.1%
Q2 2019+1.0%+3.2%+8.0%
Q1 2019+3.7%+5.9%+8.8%
Q4 2018-2.6%-0.8%-3.5%
Q3 2018+1.7%-4.6%+4.0%
Q2 2018+9.7%+13.2%+16.0%
Q1 2018+1.0%+2.9%+3.5%
Q4 2017-4.3%-2.6%+2.7%
Q3 2017+7.7%+14.7%+20.9%
Q2 2017-4.9%-3.6%-7.1%
Q1 2017+1.1%+0.0%+0.1%
Q4 2016-1.6%+1.0%+7.5%
Q3 2016+3.6%+6.9%+11.7%
Q2 2016+1.9%+3.3%+7.5%
Q1 2016+1.3%
Q4 2015-1.1%
Q3 2015+2.9%
Q4 2014+5.7%
Q2 2015+5.2%
Q1 2015+1.5%
Q3 2014
Q2 2014
Q1 2014

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