NexPoint Residential Trust (NYSE: NXRT) saw its stock price surge 5.12% in intraday trading on Tuesday, following the release of its fourth quarter and full year 2024 earnings results. The real estate investment trust reported strong financial performance, with Core Funds From Operations (Core FFO) per diluted share of $0.68 for Q4 2024, beating analyst estimates. For the full year 2024, Core FFO per diluted share came in at $2.79, driven by successful property sales and debt reduction efforts.
Some key highlights from NexPoint's earnings release:
Looking ahead, NexPoint issued guidance for the full year 2025, projecting Core FFO per diluted share in the range of $2.56 to $2.83. This outlook underscores the company's confidence in delivering continued growth and profitability through its value-add multifamily property strategy.
Analysts commended NexPoint's strong execution, with the share buybacks and property sales being particularly well-received. The robust earnings and guidance, combined with the company's shareholder-friendly initiatives, appear to have fueled investor confidence, driving the significant stock price increase on the day.
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