NexPoint Residential Trust
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NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. The last earnings update was 16 days ago. More info.
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NXRT Share Price and Events
7 Day Returns
1 Year Returns
NXRT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| NexPoint Residential Trust (NXRT) | -2.4% | 14.4% | 5.2% | 49.4% | 194% | - |
| US REITs | 0.2% | -1.4% | 3.2% | 13% | 8.8% | 24% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- NXRT outperformed the REITs industry which returned 13% over the past year.
- NXRT outperformed the Market in United States of America which returned 1.4% over the past year.
NXRT Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
NexPoint Residential Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for NexPoint Residential Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (99.51%)) |
0.966 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.966 * 5.96%) |
8.49% |
Discounted Cash Flow Calculation for NYSE:NXRT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for NexPoint Residential Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
NexPoint Residential Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 8.49%) |
|
|---|---|---|---|
| 2019 | 49.92 | Analyst x5 | 46.02 |
| 2020 | 56.19 | Analyst x4 | 47.75 |
| 2021 | 58.33 | Est @ 3.8% | 45.68 |
| 2022 | 60.36 | Est @ 3.48% | 43.58 |
| 2023 | 62.33 | Est @ 3.26% | 41.47 |
| 2024 | 64.26 | Est @ 3.1% | 39.41 |
| 2025 | 66.18 | Est @ 2.99% | 37.42 |
| 2026 | 68.10 | Est @ 2.91% | 35.49 |
| 2027 | 70.05 | Est @ 2.86% | 33.65 |
| 2028 | 72.02 | Est @ 2.82% | 31.89 |
| Present value of next 10 years cash flows | $402.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $72.02 × (1 + 2.73%) ÷ (8.49% – 2.73%) |
$1,285.17 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,285.17 ÷ (1 + 8.49%)10 |
$569.09 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $402.36 + $569.09 |
$971.45 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $971.45 / 23.72 |
$40.29 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $40.29 |
| Current discount | Discount to share price of
$40.36
= -1 x ($40.36 - $40.29) / $40.29 |
-0.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of NexPoint Residential Trust is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for NexPoint Residential Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
NexPoint Residential Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-0.73 |
| NYSE:NXRT Share Price ** | NYSE (2019-05-15) in USD | $40.36 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.37x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of NexPoint Residential Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:NXRT Share Price ÷ EPS (both in USD) = 40.36 ÷ -0.73 |
-54.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NexPoint Residential Trust is loss making, we can't compare its value to the US REITs industry average.
- NexPoint Residential Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
NexPoint Residential Trust's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -54.95x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
27.3%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 1.91x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for NexPoint Residential Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
NexPoint Residential Trust's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $11.86 |
| NYSE:NXRT Share Price * | NYSE (2019-05-15) in USD | $40.36 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:NXRT Share Price ÷ Book Value per Share (both in USD) = 40.36 ÷ 11.86 |
3.4x |
* Primary Listing of NexPoint Residential Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NexPoint Residential Trust is overvalued based on assets compared to the US REITs industry average.
Value checks
We assess NexPoint Residential Trust's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) NexPoint Residential Trust has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NXRT Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare NexPoint Residential Trust's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
- Unable to compare NexPoint Residential Trust's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
- NexPoint Residential Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:NXRT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 27.3% |
| NYSE:NXRT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 5.5% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 188 | 1 | ||
| 2020-12-31 | 179 | -11 | 6 | |
| 2019-12-31 | 172 | -15 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 153 | 50 | -16 |
| 2018-12-31 | 147 | 42 | -2 |
| 2018-09-30 | 142 | 40 | -1 |
| 2018-06-30 | 143 | 41 | 58 |
| 2018-03-31 | 142 | 33 | 67 |
| 2017-12-31 | 144 | 38 | 53 |
| 2017-09-30 | 142 | 35 | 58 |
| 2017-06-30 | 138 | 32 | 11 |
| 2017-03-31 | 136 | 37 | 18 |
| 2016-12-31 | 133 | 34 | 22 |
| 2016-09-30 | 133 | 44 | 20 |
| 2016-06-30 | 131 | 42 | 11 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from NexPoint Residential Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | -0.16 | -0.16 | -0.16 | 1.00 |
| 2020-12-31 | -0.38 | -0.34 | -0.40 | 3.00 |
| 2019-12-31 | -0.63 | -0.62 | -0.64 | 3.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -0.73 |
| 2018-12-31 | -0.08 |
| 2018-09-30 | -0.06 |
| 2018-06-30 | 2.76 |
| 2018-03-31 | 3.19 |
| 2017-12-31 | 2.53 |
| 2017-09-30 | 2.75 |
| 2017-06-30 | 0.53 |
| 2017-03-31 | 0.86 |
| 2016-12-31 | 1.03 |
| 2016-09-30 | 0.92 |
| 2016-06-30 | 0.54 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if NexPoint Residential Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess NexPoint Residential Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
NexPoint Residential Trust has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NXRT Past Performance
How has NexPoint Residential Trust performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- NexPoint Residential Trust does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare NexPoint Residential Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare NexPoint Residential Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
All data from NexPoint Residential Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 153.03 | -16.03 | 14.47 | |
| 2018-12-31 | 146.60 | -1.61 | 13.94 | |
| 2018-09-30 | 142.12 | -1.17 | 13.04 | |
| 2018-06-30 | 142.72 | 57.99 | 13.05 | |
| 2018-03-31 | 142.30 | 67.05 | 12.88 | |
| 2017-12-31 | 144.24 | 53.37 | 12.43 | |
| 2017-09-30 | 141.92 | 57.92 | 12.37 | |
| 2017-06-30 | 137.91 | 11.10 | 11.70 | |
| 2017-03-31 | 136.33 | 18.28 | 10.69 | |
| 2016-12-31 | 132.85 | 21.88 | 9.89 | |
| 2016-09-30 | 133.01 | 19.55 | 9.55 | |
| 2016-06-30 | 130.54 | 11.39 | 9.52 | |
| 2016-03-31 | 125.63 | -5.45 | 9.07 | |
| 2015-12-31 | 117.66 | -10.83 | 7.86 | |
| 2015-09-30 | 105.32 | -14.29 | 6.09 | |
| 2015-06-30 | 86.62 | -18.97 | 4.30 | |
| 2015-03-31 | 64.71 | -18.70 | 2.42 | |
| 2014-12-31 | 43.15 | -15.60 | 2.09 | |
| 2013-12-31 | 0.32 | -0.17 | 0.02 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if NexPoint Residential Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- NexPoint Residential Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
- It is difficult to establish if NexPoint Residential Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess NexPoint Residential Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
NexPoint Residential Trust has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NXRT Health
How is NexPoint Residential Trust's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up NexPoint Residential Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- NexPoint Residential Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- NexPoint Residential Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from NexPoint Residential Trust Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 283.13 | 968.32 | 33.01 |
| 2018-12-31 | 298.60 | 838.02 | 38.02 |
| 2018-09-30 | 233.92 | 916.56 | 47.32 |
| 2018-06-30 | 242.03 | 778.31 | 45.15 |
| 2018-03-31 | 249.82 | 767.01 | 38.09 |
| 2017-12-31 | 241.58 | 792.82 | 32.52 |
| 2017-09-30 | 246.23 | 810.34 | 104.45 |
| 2017-06-30 | 195.23 | 885.03 | 38.20 |
| 2017-03-31 | 248.31 | 791.17 | 41.17 |
| 2016-12-31 | 256.10 | 763.50 | 35.12 |
| 2016-09-30 | 249.59 | 619.82 | 34.09 |
| 2016-06-30 | 251.74 | 652.33 | 28.56 |
| 2016-03-31 | 243.75 | 704.90 | 17.39 |
| 2015-12-31 | 248.94 | 705.13 | 16.23 |
| 2015-09-30 | 256.43 | 696.82 | 19.03 |
| 2015-06-30 | 260.91 | 623.99 | 24.36 |
| 2015-03-31 | 267.90 | 611.12 | 32.29 |
| 2014-12-31 | 197.52 | 487.00 | 13.12 |
| 2013-12-31 | 11.16 | 0.00 | 0.19 |
- NexPoint Residential Trust's level of debt (342%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (210.7% vs 342% today).
- Debt is not well covered by operating cash flow (5.2%, less than 20% of total debt).
- NexPoint Residential Trust is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess NexPoint Residential Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) NexPoint Residential Trust has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NXRT Dividends
What is NexPoint Residential Trust's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
NexPoint Residential Trust
shares you are expected to receive
$55
in your first year as a dividend.
Dividend Amount
- NexPoint Residential Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- NexPoint Residential Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment
Purchase NexPoint Residential Trust before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.54 | 1.00 |
| 2022-12-31 | 1.45 | 1.00 |
| 2021-12-31 | 1.36 | 1.00 |
| 2020-12-31 | 1.20 | 5.00 |
| 2019-12-31 | 1.11 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-30 | 1.100 | 2.786 |
| 2019-02-19 | 1.100 | 2.995 |
| 2018-10-30 | 1.100 | 3.074 |
| 2018-07-31 | 1.000 | 3.049 |
| 2018-05-01 | 1.000 | 3.596 |
| 2018-02-13 | 1.000 | 3.988 |
| 2017-10-31 | 1.000 | 3.683 |
| 2017-08-01 | 0.880 | 3.718 |
| 2017-05-02 | 0.880 | 3.507 |
| 2017-03-08 | 0.880 | 3.667 |
| 2016-11-10 | 0.880 | 3.990 |
| 2016-08-09 | 0.824 | 4.241 |
| 2016-05-10 | 0.824 | 4.922 |
| 2016-03-08 | 0.824 | 6.103 |
| 2015-11-10 | 0.824 | 6.703 |
| 2015-08-11 | 0.824 | 6.227 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, NexPoint Residential Trust has been paying a dividend for less than 10 years.
- Dividend payments have increased, but NexPoint Residential Trust only paid a dividend in the past 4 years.
Income/ dividend checks
We assess NexPoint Residential Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can NexPoint Residential Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) NexPoint Residential Trust has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NXRT Management
CEO
| COMPENSATION | $0 |
| AGE | 55 |
CEO Bio
Mr. James David Dondero, also known as Jim, CFA, CMA, CPA, serves as Chairman of the Board and Chief Executive Officer of Highland Acquisition Corporation. Mr. Dondero has been President and Secretary of Highland Acquisition Corporation since April 25, 2016. He serves as the President, CEO and Chairman and of Board of Directors at NexPoint Hospitality Trust Inc. He is President and Principal Executive Officer at NexPoint Capital, Inc. Mr. Dondero serves as a President, Co- Founder, Managing Partner, and Portfolio Manager at Highland Capital Management, L.P. since 1993. He co-founded Highland Capital Management in 1993 and manages the private equity business. Mr. Dondero is responsible for determining and ensuring execution of Highland Capital's strategic investment and operational initiatives. He serves as President at NexPoint Residential Trust, Inc. and also serves as Chairman since May 13, 2015. Mr. Dondero has been President of NexPoint Multifamily Capital Trust, Inc since November 2013. He is Founder of NexPoint Advisors, L.P. and serves as its President and Portfolio Manager. Mr. Dondero serves as Chief Executive Officer and Chairman of the Board at HCM Acquisition Company. He is a supplier of secure documents, services and systems and Metro-Goldwyn-Mayer Studios Inc. A dedicated philanthropist, he actively supports initiatives in education, veterans' affairs and public policy. Mr. Dondero has vast experience in the credit and equity markets. His portfolio management experience includes mortgage-backed securities, investment grade corporations, and leveraged bank loans, high-yield bonds, emerging market debt, derivatives, preferred stocks and common stocks. He served as Chief Executive Officer and President of Highland Floating Rate Limited Liability Company. Mr. Dondero was Co-Founder of Highland Floating Rate Limited Liability Company and served as its Managing Partner and Portfolio Manager. Previously, he served as the Chief Investment Officer of Protective Life Corporation's Guaranteed Investment Contract, or GIC from 1989 to 1993. From 1985 to 1989, Mr. Dondero was a Corporate Bond Analyst and then Portfolio Manager at American Express. Mr. Dondero began his career in 1984 as an analyst in the Morgan Guaranty Trust Company. He serves as Chairman of the Board of Directors of NexBank Capital, Inc. Mr. Dondero serves as the Chairman of Cornerstone Healthcare Group, Cornerstone Healthcare Group Holding, Inc. and CCS Medical Corporation. He served as the Chairman of Highland Financial Partners, L.P. since February 3, 2006. Mr. Dondero served as Chairman and Director of phy since January 2000. He serves as Chairman and Director of NexBank SSB. Mr. Dondero has been a Director of Highland Acquisition Corporation since April 25, 2016. He has been Independent Director of Jernigan Capital, Inc. since August 2016, NeighborCare, Inc. since October 2, 2001, Safety-Kleen, Inc. since February 2010. Mr. Dondero serves as a Director at MGM Holdings Inc. and Metro-Goldwyn-Mayer Studios Inc. He serves as a Director of Highland Capital Management Europe, Ltd. Mr. Dondero served as a Director of Highland Financial Partners, L.P. He served as Director of Strand Advisors, Inc. Mr. Dondero served as a Director of TerreStar Corporation since July 2002, and Leap Wireless International Inc. from August 2004 to September 10, 2007. He served as a Director of Cricket Communications, LLC. Mr. Dondero graduated from the University of Virginia where he earned highest honors (Beta Gamma Sigma, Beta Alpha Psi) from the McIntire School of Commerce with dual majors in Accounting and Finance. He has received certifications as a Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Chartered Financial Analyst (CFA).
CEO Compensation
- Insufficient data for Jim to compare compensation growth.
- Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the NexPoint Residential Trust management team in years:
- The tenure for the NexPoint Residential Trust management team is about average.
Management Team
Jim Dondero
Chairman
55
Brian Mitts
Executive VP of Finance
48
4.2 yrs
Matt McGraner
Chief Investment Officer & Executive VP
34
4.2 yrs
Matt Goetz
Senior Vice President of Investments & Asset Management
32
4.2 yrs
Jackie Graham
Investor Relations Manager
Marilynn Meek
Consultant
Board of Directors Tenure
Average tenure and age of the NexPoint Residential Trust board of directors in years:
- The tenure for the NexPoint Residential Trust board of directors is about average.
Board of Directors
Jim Dondero
Chairman
55
4 yrs
Brian Mitts
Executive VP of Finance
48
4.7 yrs
Ed Constantino
Director
$136K
71
4.2 yrs
Scott Kavanaugh
Lead Independent Director
$138K
57
Art Laffer
Director
$128K
78
4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20. Nov 18 | Buy | Matthew McGraner | Individual | 16. Nov 18 | 16. Nov 18 | 9,486 | $33.00 | $313,038 | ||
| 20. Nov 18 | Buy | Nexpoint Advisors, L.P. | Company | 16. Nov 18 | 16. Nov 18 | 119,698 | $33.00 | $3,950,034 | ||
| 20. Nov 18 | Buy | Highland Capital Management, L.P. | Company | 16. Nov 18 | 16. Nov 18 | 78,788 | $33.00 | $2,600,004 | ||
| 20. Nov 18 | Buy | James Dondero | Individual | 16. Nov 18 | 16. Nov 18 | 9,486 | $33.00 | $313,038 | ||
Management checks
We assess NexPoint Residential Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) NexPoint Residential Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NXRT News
Simply Wall St News
Who Has Been Buying NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares?
So we'll take a look at whether insiders have been buying or selling shares in NexPoint Residential Trust, Inc. … The Last 12 Months Of Insider Transactions At NexPoint Residential Trust. … The good news for NexPoint Residential Trust share holders is that insiders were buying at near the current price.
Simply Wall St - – Full articleThe NexPoint Residential Trust (NYSE:NXRT) Share Price Has Gained 162%, So Why Not Pay It Some Attention?
For instance the NexPoint Residential Trust, Inc. … Given that NexPoint Residential Trust didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … NexPoint Residential Trust's revenue trended up 5.8% each year over three years.
Simply Wall St - – Full articleYou May Have Been Looking At NexPoint Residential Trust, Inc. (NYSE:NXRT) All Wrong
NexPoint Residential Trust, Inc. … real estate investment trust (REIT) based in Dallas, United States. … REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential.
Simply Wall St - – Full articleHave Insiders Been Buying NexPoint Residential Trust, Inc. (NYSE:NXRT) Shares?
So before you buy or sell NexPoint Residential Trust, Inc. … Check out our latest analysis for NexPoint Residential Trust. … The Last 12 Months Of Insider Transactions At NexPoint Residential Trust.
Simply Wall St - – Full articleInvesting In NexPoint Residential Trust, Inc. (NYSE:NXRT): What You Need To Know
NexPoint Residential Trust, Inc. … Check out our latest analysis for NexPoint Residential Trust … FFO is a cleaner and more representative figure of how much NXRT actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation
Simply Wall St - – Full articleCould NexPoint Residential Trust Inc's (NYSE:NXRT) Investor Composition Influence The Stock Price?
If you want to know who really controls NexPoint Residential Trust Inc (NYSE:NXRT), then you'll have to look at the makeup of its share registry. … NexPoint Residential Trust is not a large company by global standards. … See our latest analysis for NexPoint Residential Trust
Simply Wall St - – Full articleShould You Invest In NexPoint Residential Trust Inc (NYSE:NXRT)?
NexPoint Residential Trust Inc is a US$675.8m. … real estate investment trust (REIT) based in Dallas, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.
Simply Wall St - – Full articleWho Owns Most Of NexPoint Residential Trust Inc (NYSE:NXRT)?
In this article, I will take a quick look at NexPoint Residential Trust Inc’s (NYSE:NXRT) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … NYSE:NXRT Ownership Summary July 16th 18
Simply Wall St - – Full articleIncome Investors Should Steer Clear of NexPoint Residential Trust Inc (NYSE:NXRT)
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the past 3 years NexPoint Residential Trust Inc (NYSE:NXRT) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Does NexPoint Residential Trust tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleIs Buying NexPoint Residential Trust Inc (NYSE:NXRT) For Its Upcoming US$00.25 Dividend A Good Choice?
To qualify for the dividend check of $0.25 per share, investors must have owned the shares prior to 14 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine NexPoint Residential Trust's latest financial data to analyse its dividend characteristics. … Here's how I find good dividend stocks.
Simply Wall St - – Full articleNXRT Company Info
Description
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of Highland Capital Management, L.P., a leading global alternative asset manager and an SEC-registered investment adviser.
Details
| Name: | NexPoint Residential Trust, Inc. |
| NXRT | |
| Exchange: | NYSE |
| Founded: | |
| $973,088,405 | |
| $954,242,659 | |
| 23,716,510 | |
| Website: | http://www.nexpointliving.com |
| Address: |
NexPoint Residential Trust, Inc. 300 Crescent Court, Suite 700, Dallas, Texas, 75201, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NXRT | Common Stock | New York Stock Exchange | US | USD | 20. Mar 2015 |
Number of employees
Current staff
Industry
| Residential REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 02:41 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/03 |
| Last earnings filing: | 2019/04/30 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
