Professional
Added to YB: 2024-09-30
Pitch date: 2024-08-01
NXRT [bullish]
NexPoint Residential Trust, Inc.
-26.23%
current return
Author Info
No bio for this author
Company Info
NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange and NYSE Texas, Inc.
Market Cap
$754.8M
Pitch Price
$40.71
Price Target
N/A
Dividend
7.12%
EV/EBITDA
17.51
P/E
-15.46
EV/Sales
8.68
Sector
Residential REITs
Category
growth
TCW Global Real Estate Fund Portfolio Holding: NexPoint Residential Trust, Inc.
NXRT: Sunbelt apt REIT. Short-term pressure from supply, but attractive long-term. Inflation-protected, high dev costs limit new supply post-2025. Rising mortgage rates support rent growth. Well-managed w/ strong track record. Renovation program to drive above-peer growth. Multi-family poised for various rate environments.
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