Professional
Added to YB: 2024-09-30
Pitch date: 2024-08-01
NXRT [bullish]
NexPoint Residential Trust, Inc.
-26.02%
current return
Author Info
No bio for this author
Company Info
NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust. With its common stock listed on the New York Stock Exchange and 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.
Market Cap
$743.3M
Pitch Price
$39.89
Price Target
N/A
Dividend
7.27%
EV/EBITDA
18.41
P/E
-23.14
EV/Sales
9.08
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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