NexPoint Residential Trust (NXRT) FY2019 results: revenue $181 million, up 23.5% on the year
NexPoint Residential Trust, Inc. (NXRT) reported revenue of $181 million for fiscal 2019, the year ended 31 December 2019, up 23.5% on the year before. Net income was $99 million, and diluted earnings per share $4.03. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$181 million
+23.5% on the year
FY2013FY2019
Operating margin
78.8%
20.8% a year earlier
FY2013FY2019
Net income
$99 million
FY2013FY2019
Diluted EPS
$4.03
FY2013FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
181
147
144
+23.5%
Operating income
143
30.5
91.7
+367.0%
Operating margin
78.8%
20.8%
63.5%
Interest expense
37.4
28.6
29.6
+30.8%
Net income
99.1
-1.6
53.4
Net margin
54.8%
-1.1%
37.0%
Diluted EPS
$4.03
-$0.08
$2.49
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
51.4
41.7
37.5
+23.1%
Capital expenditure
44.2
26.8
21.7
+64.9%
Free cash flow
7.2
15.0
15.8
-51.9%
Free cash flow margin
4.0%
10.2%
10.9%
Cash from investing
-553
-135
5.0
Cash from financing
530
93.4
-54.5
+467.3%
Depreciation and amortisation
69.1
47.5
48.8
+45.5%
Share-based compensation
5.1
4.2
3.1
+22.2%
Buybacks
n/a
9.7
2.4
Dividends paid
28.0
22.3
19.3
+26.0%
Dividend per share
n/a
$1.02
$0.91
Diluted shares, weighted
25m
22m
21m
+13.5%
Shares outstanding at period end
25m
23m
21m
+7.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
426
296
239
+44.0%
Redeemable equity
3.3
2.6
2.1
+28.4%
Debt
1,412
846
29.8
+66.9%
Other liabilities
24.9
16.9
784
+47.5%
Total liabilities and equity
1,866
1,161
1,055
+60.7%
Cash and equivalents
25.7
19.9
16.0
+29.2%
Other assets
1,840
1,141
1,039
+61.2%
Total assets
1,866
1,161
1,055
+60.7%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.