NexPoint Residential Trust Inc.: 4Q Earnings Snapshot
{{#rendered}} {{/rendered}}DALLAS (AP) _ NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.
The real estate investment trust, based in Dallas, said it had funds from operations of $10.7 million, or 47 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 51 cents per share.
{{#rendered}} {{/rendered}}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 a loss of $4.8 million, or 21 cents per share.
The real estate investment trust posted revenue of $39.4 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $38.8 million.
{{#rendered}} {{/rendered}}The company's shares have increased 9.5 percent since the beginning of the year. The stock has risen 61 percent in the last 12 months.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on NXRT at https://www.zacks.com/ap/NXRT