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NXRT

NexPoint Residential Trust, Inc.

NXRT

NexPoint Residential Trust, Inc. • NYSE
$31.81 ▲ 0.13% (+0.04)
Market Cap $806.84 M
52w High $47.41
52w Low $29.93
Dividend Yield 2.12%
P/E -16.57
Volume 45.38K
Outstanding Shares 25.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $62.829M ▲ $46.3M ▲ $-7.79M ▼ -12.399% ▼ $-0.31 ▼ $102.266M ▲
Q2-2025 $61.23M ▼ $26.639M ▼ $-7.033M ▼ -11.486% ▼ $-0.28 ▼ $37.537M ▼
Q1-2025 $63.216M ▼ $28.807M ▲ $-6.897M ▲ -10.91% ▲ $-0.27 ▲ $38.104M ▲
Q4-2024 $63.791M ▼ $25.413M ▼ $-26.931M ▼ -42.218% ▼ $-1.06 ▼ $22.272M ▼
Q3-2024 $64.095M $29.443M $-8.853M -13.812% $-0.35 $41.696M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $10.828M ▼ $1.842B ▼ $1.514B ▲ $322.945M ▼
Q2-2025 $13.623M ▼ $1.857B ▼ $1.504B ▲ $347.89M ▼
Q1-2025 $23.719M ▲ $1.882B ▼ $1.496B ▲ $379.909M ▼
Q4-2024 $23.148M ▲ $1.907B ▼ $1.491B ▼ $410.368M ▼
Q3-2024 $17.412M $1.953B $1.5B $447.148M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.821M ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▲ $0 ▼
Q2-2025 $-7.061M ▼ $19.88M ▼ $-9.811M ▼ $-20.885M ▼ $-10.816M ▼ $19.88M ▼
Q1-2025 $-6.924M ▲ $28.322M ▲ $-8.878M ▼ $-14.541M ▲ $4.903M ▲ $28.322M ▲
Q4-2024 $-27.038M ▼ $6.429M ▼ $15.951M ▲ $-29.181M ▼ $-6.801M ▼ $6.429M ▼
Q3-2024 $-8.888M $27.798M $-9.861M $-11.866M $6.071M $27.798M

Five-Year Company Overview

Income Statement

Income Statement NXRT’s income statement shows a business that grows steadily but lives on relatively thin profit margins. Rental income has generally trended higher over the last five years, helped by renovations and rent increases, but net earnings have bounced around. There was a loss a few years ago, solid profits in other years, and roughly breakeven results most recently. That pattern fits a value‑add REIT facing rising interest costs and higher operating expenses. Overall, the core operations appear solid, but bottom‑line results are sensitive to financing costs, property valuations, and how well renovations translate into higher rents.

Balance Sheet

Balance Sheet The balance sheet is asset‑heavy, as expected for a residential REIT, and funded largely with debt. Total assets have grown over time but have edged down more recently, suggesting some property sales or portfolio reshaping. Equity has increased only modestly, while debt remains a large share of the capital structure, pointing to a fairly leveraged profile. Cash on hand is quite limited, so the company depends on ongoing cash flow and access to financing rather than large cash reserves. The balance sheet supports growth but leaves less room for error if property values or rental demand weaken.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive and has grown gradually, which is a key strength for a rent‑collecting business. Free cash flow tracks operating cash flow closely, reflecting relatively low reported capital spending in these figures, though in practice property upgrades and acquisitions are often financed through other channels. Cash generation appears adequate to support interest payments and the business model, but there is not a wide margin of safety. The company’s ability to keep properties leased and control expenses is crucial for maintaining this steady cash flow profile.

Competitive Edge

Competitive Edge NXRT focuses on mid‑market, “workforce” apartments in fast‑growing Sun Belt markets, where population and job growth support rental demand. Its niche is buying older properties, renovating them, and lifting rents and property value. The firm has a long record executing this value‑add playbook, which is a key competitive strength. Cost control and operating efficiency have also been a recent bright spot. On the other hand, it competes with many other value‑add and institutional landlords, and the external management structure can create perceived conflicts of interest. High leverage and geographic concentration further tie its fortunes closely to regional housing and credit conditions.

Innovation and R&D

Innovation and R&D NXRT does not run traditional lab‑style R&D, but it has refined a repeatable, improvement‑focused model. Its main “innovation” is a data‑driven renovation program that targets upgrades with clear payoffs, plus a standardized technology package (smart locks, thermostats, and other smart‑home features) that supports higher rents. Management is also testing more centralized, tech‑enabled property operations and has highlighted sustainability and utility‑saving projects. These are incremental, execution‑oriented innovations rather than disruptive technologies, but they support the value‑add strategy and can widen its edge if consistently applied.

Summary

Overall, NXRT looks like a focused, execution‑driven residential REIT: it specializes in upgrading older workforce housing in high‑growth markets and using those improvements to raise rents and property values. The business generates steady rental cash flow, but net profits are variable and sensitive to financing and operating conditions. The balance sheet leans on debt, with limited cash, which heightens exposure to interest rates and real estate cycles. Its strengths are a clear niche, a proven value‑add renovation program, and growing use of smart‑home and efficiency tools. Key risks include leverage, dependence on continued strong Sun Belt demand, and the inherent cyclicality and competition in value‑add multifamily housing.

NEWS

October 28, 2025 · 8:16 AM UTC

NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2025 RESULTS

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October 28, 2025 · 8:15 AM UTC

NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 3.9%

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October 6, 2025 · 9:00 AM UTC

NexPoint Residential Trust, Inc. Announces Third Quarter 2025 Earnings Conference Call

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