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NexPoint Residential Trust Inc.: 2Q Earnings Snapshot

DALLAS — NexPoint Residential Trust Inc. (NXRT) on Tuesday reported a key measure of profitability in its second quarter.

The Dallas-based real estate investment trust said it had funds from operations of $16.1 million, or 66 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 $9.3 million, or 38 cents per share.

The real estate investment trust posted revenue of $50.7 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $50.8 million.

The company’s shares have fallen 16% since the beginning of the year. The stock has dropped 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXRT at https://www.zacks.com/ap/NXRT

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