DALLAS (AP) — DALLAS (AP) — NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Dallas, said it had funds from operations of $20.2 million, or 80 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 $7.8 million, or 31 cents per share.
The real estate investment trust, based in Dallas, posted revenue of $62.8 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $63.4 million.
NexPoint Residential Trust Inc. expects full-year funds from operations to be $3.14 per share.
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