NexPoint Residential Trust (NXRT) FY2023 results: revenue $278 million, up 5.1% on the year
NexPoint Residential Trust, Inc. (NXRT) reported revenue of $278 million for fiscal 2023, the year ended 31 December 2023, up 5.1% on the year before. Net income was $44 million, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2024.
Revenue
$278 million
+5.1% on the year
FY2016FY2023
Operating margin
40.8%
17.5% a year earlier
FY2016FY2023
Net income
$44 million
FY2016FY2023
Diluted EPS
$1.69
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
96.6
79.1
73.3
+22.1%
Capital expenditure
71.4
62.1
43.0
+15.0%
Free cash flow
25.2
17.0
30.3
+48.1%
Free cash flow margin
9.1%
6.4%
13.8%
Cash from investing
51.9
-162
-236
Cash from financing
-155
46.3
194
Depreciation and amortisation
95.2
97.6
86.9
-2.5%
Share-based compensation
9.3
7.9
7.0
+17.5%
Buybacks
n/a
11.1
n/a
Dividends paid
44.8
40.6
35.8
+10.2%
Dividend per share
$1.72
$1.56
n/a
+10.3%
Diluted shares, weighted
26m
26m
26m
+2.5%
Shares outstanding at period end
26m
26m
26m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
495
520
470
-4.8%
Redeemable equity
5.2
5.6
6.1
-6.8%
Debt
1,575
1,682
1,561
-6.3%
Other liabilities
32.5
18.5
26.3
+75.8%
Total liabilities and equity
2,108
2,225
2,063
-5.3%
Cash and equivalents
12.4
16.8
49.5
-26.2%
Other assets
2,095
2,209
2,014
-5.1%
Total assets
2,108
2,225
2,063
-5.3%
10-K for the year ended 31 December 2023, filed 27 February 2024: the filing.