NexPoint Residential Trust, Inc. Boosts Dividend by 3.9%
NexPoint Residential Trust, Inc. Announces Dividend Increase
NexPoint Residential Trust, Inc. (NYSE: NXRT) has made headlines with the announcement of a quarterly dividend of $0.53 per share for its common stock. This decision was unanimously approved by the board of directors and marks a 3.9% increase in comparison to the previous quarter's dividend.
Sustainable Growth Since Inception
Notably, this increase also reflects a staggering 157.3% growth in dividends since the company's inception in 2015. The dividend is set to be paid to stockholders of record, showcasing NexPoint's commitment to returning value to its shareholders.
Focus on Multifamily Properties
NexPoint Residential Trust operates as a publicly traded real estate investment trust, primarily focused on acquiring, owning, and managing multifamily properties. The company strategically targets well-located middle-income properties in large urban areas and their suburban counterparts.
Investment Strategy and Market Position
By emphasizing value-add potential, NexPoint seeks to optimize the assets it holds. This strategy positions the company competitively in the real estate market, allowing for significant growth opportunities as it expands its portfolio.
About NexPoint Residential Trust, Inc.
As an externally advised firm by NexPoint Real Estate Advisors, L.P., NexPoint Residential Trust continues to innovate within the investment space. With its shares listed under the symbol "NXRT" on the New York Stock Exchange, the company remains accessible to a broad range of investors.
Contact Information
For further inquiries, NexPoint Residential Trust, Inc. can be reached through its Investor Relations representative, Kristen Griffith. Interested investors can connect via email at IR@nexpoint.com.
Frequently Asked Questions
What is the latest dividend declared by NexPoint Residential Trust?
The latest quarterly dividend announced is $0.53 per share.
What percentage increase does the new dividend represent?
The new dividend represents a 3.9% increase over the previous quarter's amount.
Since when has NexPoint Residential Trust been paying dividends?
NexPoint Residential Trust has been paying dividends since its establishment in 2015.
What investment strategy does NexPoint Residential Trust follow?
The company focuses on acquiring multifamily properties with value-add potential in competitive urban markets.
Who can I contact for more information about NexPoint Residential Trust?
For inquiries, you can reach Kristen Griffith from Investor Relations via email at IR@nexpoint.com.
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