DALLAS (AP) — DALLAS (AP) — NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its fourth quarter.
The Dallas-based real estate investment trust said it had funds from operations of $17.7 million, or 78 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $26.9 million, or $1.06 per share.
The real estate investment trust, based in Dallas, posted revenue of $63.8 million in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $63.6 million.
For the year, the company reported funds from operations of $83.6 million. Revenue was reported as $259.7 million.
NexPoint Residential Trust Inc. expects full-year funds from operations to be $3.09 per share.
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