NYSE$NXRT
NexPoint Residential Trust Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter ended March 31, 2023.
NexPoint Residential Trust reported a net loss of $(3.9) million for Q1 2023, with total revenues of $69.2 million. Same Store NOI increased by 9.4%. The company refinanced Venue on Camelback and paid down $17.5 million on its credit facility.
- Net Loss, FFO, Core FFO and AFFO of $(3.9)M, $19.3M, $18.6M and $21.0M, respectively.
- Q1 Same Store properties average effective rent, total revenue and NOI increased 13.3%, 11.1% and 9.4%, respectively.
- Occupancy decreased 30 bps from the prior year period.
- Weighted average effective monthly rent per unit across all 40 properties was $1,487, while physical occupancy was 94.0%.
Headline financials
Revenue & EPS history
NexPoint Residential · Revenue · Quarterly
$69.2M
Revenue by segment
NexPoint Residential · $69.6M total across 2 segments · Q2 2023
- Rental Income$67.8M—97.5%
- Other Income$1.76M—2.5%
Forward guidance
NXRT is updating 2023 guidance ranges for earnings per diluted share, Core FFO per diluted share, Same Store rental income, Same Store total revenue, Same Store total expenses, Same Store NOI, interest expense and its related components, and reaffirming Acquisitions and Dispositions.
Tailwinds
- Earnings (loss) per diluted share $ 0.86 - $ 1.14
- Core FFO per diluted share $ 2.92 - $ 3.20
- Rental Income growth 10.5 % - 12.1 %
- Total Revenue growth 10.1 % - 11.6 %
- Same Store NOI growth 9.2 % - 12.8 %
Headwinds
- Interest Expense on Mortgage Debt $ (100.0 ) - $ (105.1 ) million
- Interest Expense on Revolver $ (2.5 ) million
- Deferred Financing Cost & Discount Amortization $ (3.0 ) million
- Mark to Market – Fair Value of Rate Caps $ (3.5 ) - $ (0.3 ) million
- Total Interest Expense $ (65.1 ) - $ (63.2 ) million
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 2023
+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
| Quarter | Report date | Reaction (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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