NexPoint Residential Q3 Core FFO Per Share $0.65 Vs $0.84 Prior Year, Sales $69.80M Miss $70.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NYSE:NXRT) reported Q3 core FFO per share of $0.65, down from $0.84 the previous year. The company's quarterly sales were $69.80 million, missing the analyst consensus estimate of $70.15 million by 0.50 percent. However, this represents a 2.57 percent increase over sales of $68.05 million the same period last year.
October 31, 2023 | 12:19 pm
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NexPoint Residential's Q3 results show a decrease in core FFO per share and a slight miss in sales estimates, despite a YoY increase. This mixed performance may lead to uncertainty in the market.
NexPoint Residential's Q3 results are mixed, with a decrease in core FFO per share and a slight miss in sales estimates, despite a YoY increase. This could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100