NexPoint Residential Trust, Inc. reported a net loss of $27.038 million for the fourth quarter ended December 31, 2024, compared to net income of $18.421 million in Q4 2023. For the full year 2024, net income was $1.114 million, a decrease from $44.433 million in 2023.
Fourth quarter FFO per diluted share was $(0.25), down from $0.68 in Q4 2023, while Core FFO per diluted share was $0.68, compared to $0.75 in the prior year. Full year 2024 FFO per diluted share was $1.69, and Core FFO per diluted share was $2.79.
Total revenues for Q4 2024 were $63.791 million, a decline from $69.349 million in Q4 2023. Same Store NOI decreased by 0.4% in Q4 2024. For the full year 2024, total revenues were $259.701 million, and Same Store NOI growth was 0.9% for the 2023-2024 pool.
Looking ahead, NXRT issued full year 2025 guidance, projecting earnings loss per diluted share in the range of $1.22 to $1.40, with a midpoint of $1.31. Core FFO per diluted share is expected to be between $2.61 and $2.89, with a midpoint of $2.75.
The company also provided Same Store NOI guidance for 2025, expecting a range of -1.0% to -2.0%, with a midpoint of -1.5%. This guidance reflects management's outlook on market conditions and operational strategies for the upcoming year.
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