NexPoint Residential Trust Inc.: 4Q Earnings Snapshot

DALLAS (AP) _ NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Dallas, said it had funds from operations of $15.9 million, or 63 cents per share, in the period.

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 $4.2 million, or 17 cents per share.

The real estate investment trust posted revenue of $50.5 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $50.9 million.

For the year, the company reported funds from operations of $62.4 million, or $2.47 per share. Revenue was reported as $204.8 million.

NexPoint Residential Trust Inc. expects full-year funds from operations to be $2.57 per share.

The company's shares have risen 0.5% since the beginning of the year. The stock has dropped 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXRT at https://www.zacks.com/ap/NXRT