NexPoint Residential Trust Sees FY24 FFO ~$2.66 Vs $2.82 Est.
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential Trust (NXRT) projects its full-year 2024 Funds From Operations (FFO) to be approximately $2.66, which is below the estimated $2.82.
February 20, 2024 | 1:46 pm
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NEGATIVE IMPACT
NexPoint Residential Trust projects its FY24 FFO to be lower than expected at approximately $2.66, compared to the estimated $2.82.
The projection of a lower FFO than expected for FY24 suggests that NexPoint Residential Trust may face financial challenges or underperformance compared to market expectations. This could lead to negative investor sentiment and potentially a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100