NexPoint Residential Q3 2024 Core FFO $0.69 Beats $0.65 Estimate, Sales $64.09M Beat $64.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexPoint Residential (NYSE:NXRT) reported Q3 2024 Core FFO of $0.69 per share, surpassing the analyst estimate of $0.65. Sales were $64.09M, slightly above the $64.08M estimate, but down 8.22% from last year's $69.84M.
October 29, 2024 | 12:21 pm
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NexPoint Residential's Q3 2024 results exceeded expectations with Core FFO of $0.69 per share, beating the $0.65 estimate. Sales were $64.09M, slightly above the $64.08M estimate, but down 8.22% from last year.
The positive earnings surprise with Core FFO beating estimates by 6.15% is likely to have a positive short-term impact on NXRT's stock price. However, the slight sales beat and the year-over-year sales decline may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100