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NexPoint Residential Trust Inc is a real estate investment trust company. The trust's objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions, and achieve long-term capital appreciation for stockholders. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals predominantly in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.
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Zacks Investment Research
UDR (UDR) Tops Q3 FFO EstimatesUDR reported quarterly FFO of $0.65 per share, beating consensus estimates of $0.64, but missed revenue expectations with $424.58 million versus the estimated $428.31 million. The stock has underperformed the S&P 500 by 13.9% year-to-date and carries a Zacks Rank #3 (Hold) rating. The residential REIT industry ranks in the bottom 35% of Zacks industries, which could impact future performance.
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