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NexPoint Residential Trust, Inc. Provides Update on Hurricane Milton

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NexPoint Residential Trust, Inc. (NYSE: NXRT) has reported that its properties have emerged unscathed from Hurricane Milton. The company stated that none of its properties suffered any material damages due to the hurricane. NXRT has committed to providing further updates should there be any significant changes to this situation. This announcement serves to reassure investors and stakeholders about the integrity of NXRT's property portfolio in the wake of the recent hurricane.

NexPoint Residential Trust, Inc. (NYSE: NXRT) ha riportato che le sue proprietà sono uscite indenni dall'Uragano Milton. L'azienda ha dichiarato che nessuna delle sue proprietà ha subito danni materiali a causa dell'uragano. NXRT si è impegnata a fornire ulteriori aggiornamenti qualora ci siano cambiamenti significativi in questa situazione. Questo annuncio serve a rassicurare investitori e parti interessate sulla integrità del portfolio immobiliare di NXRT dopo il recente uragano.

NexPoint Residential Trust, Inc. (NYSE: NXRT) ha informado que sus propiedades han salido ilesas del Huracán Milton. La empresa declaró que ninguna de sus propiedades sufrió daños materiales debido al huracán. NXRT se ha comprometido a proporcionar más actualizaciones si hay algún cambio significativo en esta situación. Este anuncio sirve para tranquilizar a inversores y partes interesadas sobre la integridad del portafolio de propiedades de NXRT tras el reciente huracán.

NexPoint Residential Trust, Inc. (NYSE: NXRT)허리케인 밀턴에서 자산이 무사하다고 보고했습니다. 회사는 허리케인으로 인해 자산에 중대한 피해가 없었다고 밝혔습니다. NXRT는 이 상황에 중대한 변화가 있을 경우 추가 업데이트를 제공하겠다고 약속했습니다. 이번 발표는 최근 허리케인 이후 NXRT의 자산 포트폴리오에 대한 투자자와 이해관계자들을 안심시키기 위한 것입니다.

NexPoint Residential Trust, Inc. (NYSE: NXRT) a annoncé que ses propriétés ont émergé indemnes de l'Ouragan Milton. La société a déclaré qu'aucune de ses propriétés n'a subi de dégâts matériels en raison de l'ouragan. NXRT s'est engagé à fournir d'autres mises à jour en cas de changements significatifs dans cette situation. Cette annonce vise à rassurer les investisseurs et les parties prenantes sur l'intégrité du portefeuille immobilier de NXRT à la suite du récent ouragan.

NexPoint Residential Trust, Inc. (NYSE: NXRT) hat berichtet, dass seine Immobilien unbeschädigt aus dem Hurrikan Milton hervorgegangen sind. Das Unternehmen erklärte, dass keine seiner Immobilien materielle Schäden durch den Hurrikan erlitten hat. NXRT hat sich verpflichtet, weitere Updates bereitzustellen, falls es wesentliche Änderungen in dieser Situation gibt. Diese Ankündigung soll Investoren und Interessengruppen bezüglich der Integrität des Immobilienportfolios von NXRT nach dem jüngsten Hurrikan beruhigen.

Positive
  • No material damages to NXRT properties from Hurricane Milton
Negative
  • None.

DALLAS, Oct. 15, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company's properties did not sustain any material damages as a result of Hurricane Milton. The Company plans to provide additional updates in the event of a material change.

About NXRT

NexPoint Residential Trust 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 the Company is available at https://nxrt.nexpoint.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "plan" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, providing updates in connection with any material damage to the Company's communities due to Hurricane Milton. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this release and except as required by law, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements.

CONTACTS

Investor Relations
Kristen Thomas
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-residential-trust-inc-provides-update-on-hurricane-milton-302277040.html

SOURCE NexPoint Residential Trust, Inc.

FAQ

How did Hurricane Milton affect NexPoint Residential Trust (NXRT) properties?

According to NXRT's update on October 15, 2024, the company's properties did not sustain any material damages as a result of Hurricane Milton.

When did NXRT provide an update on Hurricane Milton's impact?

NXRT provided an update on Hurricane Milton's impact on October 15, 2024.

Will NXRT provide further updates on Hurricane Milton's impact?

Yes, NXRT stated that they plan to provide additional updates in the event of a material change to the situation.

What is the stock symbol for NexPoint Residential Trust?

The stock symbol for NexPoint Residential Trust is NXRT, and it is listed on the New York Stock Exchange (NYSE).

NexPoint Residential Trust Inc

NYSE:NXRT

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1.18B
22.20M
12.6%
77.64%
1.14%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
DALLAS