09:04 AM EDT, 10/29/2024 (MT Newswires) -- NexPoint Residential Trust ( NXRT ) reported Q3 adjusted funds from operations Tuesday of $0.79 per diluted share, up from $0.78 a year earlier.

Analysts polled by Capital IQ expected $0.72.

Revenue for the quarter ended Sept. 30 was $64.1 million, down from $69.8 million a year earlier.

Analysts surveyed by Capital IQ expected $64.1 million.

The company said it raised its quarterly dividend to $0.51 per share, payable Dec. 31 to shareholders of record as of Dec. 13.

NexPoint Residential Trust ( NXRT ) also said the board approved a plan to buy back $100 million of its common shares, with the authorization due to expire Oct. 28, 2026.

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