NexPoint Residential Trust (NexPoint Residential Trust) Interest Expense : $-112.5 Mil (TTM As of Mar. 2024)

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What is NexPoint Residential Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NexPoint Residential Trust's interest expense for the three months ended in Mar. 2024 was $ -27.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-112.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NexPoint Residential Trust's Operating Income for the three months ended in Mar. 2024 was $ 9.3 Mil. NexPoint Residential Trust's Interest Expense for the three months ended in Mar. 2024 was $ -27.2 Mil. NexPoint Residential Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 0.34. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NexPoint Residential Trust Interest Expense Historical Data

The historical data trend for NexPoint Residential Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NexPoint Residential Trust Interest Expense Chart

NexPoint Residential Trust Annual Data

Trend

Dec14

Dec15

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Dec19

Dec20

Dec21

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Dec23

Interest Expense

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-37.39

-32.55

-27.41

-57.93

-110.39

NexPoint Residential Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-25.15	-27.55	-29.09	-28.60	-27.21

NexPoint Residential Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-112.5 Mil.

NexPoint Residential Trust (NYSE:NXRT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NexPoint Residential Trust's Interest Expense for the three months ended in Mar. 2024 was $-27.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was $9.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,454.1 Mil.

NexPoint Residential Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	9.282	/	-27.207
	=	0.34

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. NexPoint Residential Trust Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

NexPoint Residential Trust (NexPoint Residential Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NexPoint Residential Trust Inc (NYSE:NXRT) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointliving.com

NexPoint Residential Trust Inc is an us-based real estate investment trust company. Its company's investment 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. The company seeks to achieve these objectives through targeted management and a capex value-add program. It focuses on acquiring multifamily properties in markets with attractive job growth and household formation fundamentals primarily in the Southeastern and Southwestern United States. The company generates revenue from the rental of multifamily properties.

Executives

Brian Mitts	director, officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
James D Dondero	director, 10 percent owner, officer: President	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Sauter Dennis Charles Jr	officer: General Counsel	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Arthur B Laffer	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Carol Swain	director	C/O NEXPOINT RESIDENTIAL TRUST, INC., 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Catherine D Wood	director	200 CENTRAL AVENUE, SUITE 1850, ST. PETERSBURG FL 33701
Matt Mcgraner	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Matthew Goetz	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Highland Capital Management Fund Advisors, L.p.	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Edward N. Constantino	director	DLC REALTY TRUST, INC., 580 WHITE PLAINS ROAD, TARRYTOWN NY 10591
Scott F Kavanaugh	director	25342 DERBYHILL DR., LAGUNA HILLS CA 92653
Nexpoint Advisors, L.p.	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Scott Ellington	officer: General Counsel and Secretary	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Nexpoint Diversified Real Estate Trust	10 percent owner	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Highland Capital Management Lp	10 percent owner	100 CRESCENT COURT, SUITE 1850, DALLAS TX 75201