NexPoint Residential Q1 2024 FFO $0.75 Beats $0.68 Estimate, Sales $67.600 Miss $66.579M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NXRT) reported Q1 2024 FFO of $0.75 per share, surpassing the $0.68 estimate. However, their sales of $67.600 million missed the $66.579 million estimate, marking a 100% decrease from $69.200 million in the same period last year.

April 30, 2024 | 12:18 pm
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NexPoint Residential's Q1 2024 FFO exceeded expectations, but sales missed estimates and showed a significant decrease from the previous year.
While the beat on FFO per share is positive, the miss on sales and the significant year-over-year decrease could concern investors. The mixed results may lead to neutral short-term stock price movement as positive earnings are offset by disappointing sales figures.
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