NYSE$NXRT
NexPoint Residential Trust Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong revenue growth and accelerated rehab pace for the quarter.
NexPoint Residential Trust, Inc. reported financial results for the second quarter ended June 30, 2022, with strong revenue growth and accelerated rehab pace. Total revenues were $65.8 million, compared to $52.6 million for the second quarter of 2021. Net loss totaled $(7.8) million, or loss of $(0.30) per diluted share. For the second quarter of 2022, NOI was $38.8 million on 41 properties, compared to $30.2 million for the second quarter of 2021 on 39 properties.
- Net Loss, FFO, Core FFO and AFFO of $(7.8)M, $17.6M, $20.3M and $22.7M, respectively, attributable to common stockholders for the quarter ended June 30, 2022.
- Q2 Same Store properties average effective rent, total revenue and NOI increased 19.2%, 14.2% and 16.4%, respectively, and occupancy decreased 150 bps over the prior year period.
- The weighted average effective monthly rent per unit across all 41 properties held as of June 30, 2022 was $1,387, while physical occupancy was 94.5%.
- During the second quarter, NXRT repurchased and retired 69,567 shares at a weighted average price of $73.82 per share.
Headline financials
Revenue & EPS history
NexPoint Residential · Revenue · Quarterly
$65.8M
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 providing updated 2022 guidance ranges for earnings per diluted share, Same Store rental income, Same Store total revenue, Same Store total expenses, and Same Store NOI.
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 Q2 2022
+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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