NexPoint Residential Trust, Inc. reported a net loss of $8.888 million for the third quarter ended September 30, 2024, compared to net income of $33.878 million in the prior year period. Total revenues for the quarter were $64.095 million, a decrease from $69.838 million in the third quarter of 2023.
The company's Funds From Operations (FFO) per diluted share was $0.60, an increase from $0.55 in Q3 2023, while Core FFO per diluted share remained flat at $0.69. Same Store Net Operating Income (NOI) decreased by 2.4% year-over-year.
NXRT also announced a full-year FFO guidance of $3.18 per share. The company highlighted the completion of refinancings for 17 properties and $24.5 million in disposition activity, which were previously announced.
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