DALLAS , June 8, 2021 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) posted a presentation to its website this morning in connection with Nareit's REITWeek Investor Conference. The presentation is available on NXRT's website at www.nxrt.nexpoint.com under "Resources."
Management will be participating in a round table discussion on Wednesday, June 9 , at 11:00 AM Eastern Time . The event will be webcast live in a listen-only mode and can be accessed by registering for the event on Nareit's website.
Additionally, Management provided the following operating updates as of May 31 , 2021. As of June 7, 2021 , NXRT's average monthly rent was $1,149 per unit and the portfolio was 95.6% occupied 1 .
|
Collections
Total Portfolio (13,976 units 2 )
|
May 2021
|
April 2021
|
Q1 2021
|
|
Cash collections as % of scheduled rent
|
97.9%
|
97.9%
|
99.0%
|
|
% of units requesting assistance
|
0.8%
|
1.3%
|
1.2%
|
|
Breakdown of units requesting assistance
|
|
|
% of units paid full rent
|
84.1%
|
92.1%
|
94.9%
|
|
% of units paid partial rent
|
11.2%
|
4.6%
|
3.3%
|
|
% of units paid no rent
|
4.6%
|
3.3%
|
1.8%
|
|
% of units delinquent and not requesting assistance 3
|
15.5%
|
7.3%
|
4.8%
|
|
Operating Statistics
Same-Store Portfolio (13,564 units)
|
May 2021
|
April 2021
|
Q1 2021
|
|
Cash collections as % of scheduled rent
|
97.8%
|
97.0%
|
98.0%
|
|
New lease tradeouts
|
+13.7%
|
+10.6%
|
+3.8%
|
|
Renewal tradeouts
|
+5.8%
|
+5.2%
|
+2.3%
|
|
Financial occupancy
|
94.6%
|
94.4%
|
94.1%
|
|
Physical occupancy 2,4
|
95.4%
|
95.1%
|
94.8%
|
About NexPoint Residential Trust, Inc.
NexPoint Residential Trust, Inc. is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States . NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. More information about NXRT is available at nxrt.nexpoint.com.
Contact:
NexPoint Residential Trust, Inc.
Investor Relations
Jackie Graham
jgraham@nexpoint.com
Media Inquiries: MediaRelations@nexpoint.com
1 As of June 7, 2021 .
2 Total units owned Is 14,205. However, 249 units were down due to fires, a tornado, and Winter Storm Uri through May 2021 .
3 Represents units that had greater than $250 in delinquency balance. May 2021 had the lowest amount of payment plans since being offered.
4 Physical occupancy is the average daily occupancy for each period.
View original content: http://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-announces-operating-update-provides-reitweek-presentation-timing-301307460.html
SOURCE NexPoint Hospitality Trust, Inc.