NexPoint Residential Trust, Inc.
- Open
- 27.82
- Day high
- 28.66
- Day low
- 27.82
- Prev close
- 27.92
- Volume
- 77K
- Mkt cap
- $725M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.7
- P/S
- 2.9
- Yield
- 7.36%
- Per share
- $2.10
NexPoint Residential Trust, Inc. (NXRT) is a Real Estate company listed on NYSE. The stock is down 17% over the past year.
NexPoint Residential Trust, Inc. (NXRT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NXRT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.36 | $-0.68 | -88.9% | $64M | +0.5% |
| Feb 24, 2026 | $0.72 | $0.75 | +4.2% | $64M | +0.9% |
| Jul 29, 2025 | $0.81 | $0.80 | -1.2% | $63M | -0.1% |
| Apr 30, 2024 | $0.26 | $1.00 | +284.6% | $68M | +1.5% |
| Feb 20, 2024 | $0.50 | $0.68 | +36.0% | $69M | +0.7% |
| Oct 31, 2023 | $0.85 | $0.76 | -10.6% | $70M | -0.4% |
| Jul 25, 2023 | $0.92 | $0.88 | -4.3% | $68M | -2.9% |
| Feb 21, 2023 | $0.92 | $0.84 | -8.7% | $69M | +3.5% |
| Oct 25, 2022 | $0.82 | $0.95 | +15.9% | $68M | +1.1% |
| Jul 26, 2022 | $0.86 | $0.89 | +3.5% | $66M | +2.9% |
| Feb 15, 2022 | $0.74 | $0.77 | +4.1% | $58M | +2.1% |
| Nov 2, 2021 | $0.68 | $0.74 | +8.8% | $56M | +2.1% |
NXRT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | LAFFER ARTHUR Bdirector | Option | 3,429 | — |
| May 27, 2026 | McGraner Mattofficer: See Remarks | Option | 19,577 | — |
| May 27, 2026 | Richards Paulofficer: See Remarks | Tax | 1,024 | $29.74 |
| May 27, 2026 | Sauter Dennis Charles Jrofficer: See Remarks | Tax | 558 | $29.74 |
| May 27, 2026 | Sauter Dennis Charles Jrofficer: See Remarks | Option | 2,143 | — |
| May 27, 2026 | Swain Caroldirector | Option | 3,429 | — |
| May 27, 2026 | DONDERO JAMES Ddirector, 10 percent owner, officer: President | Option | 19,577 | — |
| May 27, 2026 | Richards Paulofficer: See Remarks | Option | 2,143 | — |
| May 27, 2026 | Mitts Briandirector | Option | 3,429 | — |
| May 27, 2026 | McGraner Mattofficer: See Remarks | Tax | 8,242 | $29.74 |
| May 27, 2026 | KAVANAUGH SCOTT Fdirector | Option | 3,429 | — |
| May 27, 2026 | Constantino Edward N.director | Option | 3,429 | — |
| May 27, 2026 | Wood Catherine D.director | Option | 3,429 | — |
| Apr 6, 2026 | DONDERO JAMES Ddirector, 10 percent owner, officer: President | Grant | 123,900 | — |
| Apr 6, 2026 | Mitts Briandirector | Grant | 4,800 | — |
Source: NXRT SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full NXRT insider & 13F page →NexPoint Residential Trust, Inc. company profile
Overview
NexPoint Residential Trust, Inc. (NYSE:NXRT) is a publicly traded real estate investment trust that was founded and went public in March 2015. The company focuses on acquiring, owning, and operating middle-income multifamily apartment properties primarily located in high-growth markets across the Southeastern and Southwestern United States. NXRT is externally managed by NexPoint Real Estate Advisors, an affiliate of NexPoint Advisors, which brings extensive real estate investment and management experience to the platform. Since its inception, the company has built a portfolio of well-located apartment communities with value-add potential, targeting properties that can benefit from strategic improvements and operational enhancements.
Business
NexPoint Residential Trust operates in the multifamily residential real estate sector, specifically focusing on apartment communities that serve middle-income renters. A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate, allowing individual investors to invest in large-scale, income-producing real estate without having to buy, manage, or finance properties themselves. The company's core business involves acquiring apartment complexes and implementing value-add strategies to increase rental income and property values. Value-add real estate investing refers to purchasing properties that are underperforming or need improvements, then renovating units, upgrading amenities, and improving operations to command higher rents and increase the property's overall value. NXRT's portfolio consists of approximately 35 multifamily properties containing thousands of apartment units across key Sunbelt markets. The company targets what it calls "middle-income" housing, which serves renters who earn too much to qualify for subsidized housing but cannot afford luxury apartments. This segment represents a significant portion of the rental market and tends to be more stable during economic downturns. The company's value-add program focuses on interior unit renovations, appliance upgrades, and technology improvements. Since inception, NXRT has completed over 8,300 full and partial unit upgrades, achieving average monthly rent premiums ranging from $60 to $250 per renovated unit depending on the scope of improvements and local market conditions.
Revenue model
NexPoint Residential Trust generates revenue primarily through rental income from its apartment properties. Tenants pay monthly rent for their apartments, and this recurring rental income forms the foundation of the company's cash flow. The business model is relatively straightforward: acquire apartment properties, improve them through renovations and operational enhancements, and collect higher rents from tenants. The company's revenue growth strategy centers on two main approaches. First, organic growth through rent increases on existing units, either through annual lease renewals with current tenants or by leasing units to new tenants at higher market rates. Second, value-add improvements that justify premium rents - when NXRT renovates an apartment unit with new appliances, flooring, fixtures, and technology packages, it can typically charge $60-250 more per month than unrenovated units. Several factors influence NXRT's profitability and margins. Supply and demand dynamics in local markets significantly impact rental rates - when new apartment construction is high, it creates competition and pressure on rents, while limited new supply allows for stronger rent growth. Interest rates affect the company's financing costs since NXRT uses debt to acquire properties and refinance existing loans. Property taxes and insurance costs represent major operating expenses that can compress margins if they rise faster than rents. Occupancy rates directly impact revenue - higher occupancy means more units generating rent, while vacancy reduces income and may require concessions to attract tenants. The company's geographic focus on Sunbelt markets exposes it to demographic trends including population migration from higher-cost coastal areas, job growth in target markets, and economic conditions in key metros like Atlanta, Dallas, Las Vegas, and South Florida. Employment levels and wage growth in these markets affect tenants' ability to pay rent and accept rent increases.
Competitive moat
NexPoint Residential Trust operates in a competitive industry with limited sustainable competitive advantages. The company's primary defensive characteristics stem from its geographic positioning in high-growth Sunbelt markets and its focus on the middle-income housing segment, but these represent market positioning rather than true economic moats. The company's local market expertise and operational capabilities in property management and value-add renovations provide some competitive advantages, but these are not insurmountable barriers. NXRT's management team has developed systems for identifying underperforming properties and executing improvement programs, achieving consistent rent premiums on renovated units. However, this operational expertise can be replicated by competitors with sufficient capital and experience. The middle-income housing focus offers some defensive characteristics since this segment is less cyclical than luxury housing and faces less direct competition from new construction, which often targets higher-income renters. Middle-income properties also tend to have more stable occupancy during economic downturns as residents have fewer housing alternatives. NXRT faces significant competitive threats from multiple sources. Large institutional investors including other REITs, private equity firms, and pension funds compete for the same property acquisitions, often with greater capital resources. New apartment construction represents the most direct threat, as new supply can pressure occupancy rates and rent growth across the company's markets. The company has limited ability to prevent competitors from building new apartments in its markets. Build-to-rent single-family housing has emerged as a growing competitive threat, offering renters an alternative to apartment living. Additionally, economic downturns can force tenants to downsize or double up, reducing demand for middle-income apartments. The company's external management structure also creates potential conflicts of interest and limits management's alignment with shareholders compared to internally managed REITs.
Risks & safety
NXRT presents a moderate margin of safety profile with manageable debt levels but faces valuation and operational challenges. **Liquidity and Solvency:** - Current ratio of 2.5x indicates adequate short-term liquidity - Cash position of $23.7 million provides limited cushion relative to $1.9 billion in total assets - Debt-to-equity ratio of 3.6x represents moderate leverage typical for REITs - No significant debt maturities until 2027-2028 reduces near-term refinancing risk - Positive free cash flow of $73.6 million (2024) demonstrates cash generation capability **Valuation Metrics:** - EV/EBITDA of 7.7x appears reasonable for a REIT - Price-to-book ratio of 2.6x suggests shares trade at a premium to book value - Management's NAV estimate of $44-58 per share (midpoint $51) implies current trading price offers modest upside - Dividend yield around 5.3% provides income cushion **Other Considerations:** - Same-store NOI declining 3.8% in recent quarter indicates operational headwinds - Revenue declining from $67.6M to $63.2M year-over-year shows growth challenges - High supply environment in key markets pressures fundamentals - External management structure creates additional costs and potential conflicts
Recent development
Over the past several years, NexPoint Residential Trust has undergone significant strategic and operational developments focused on portfolio optimization and financial restructuring. The company has substantially deleveraged its balance sheet through strategic asset dispositions, selling properties like Radbourne Lake for $39.25 million and Hollister Place in Houston for $36.8 million to reduce debt and improve financial flexibility. A major initiative has been the comprehensive debt refinancing program, where NXRT refinanced $1.67 billion across 34 loan agreements, reducing the weighted average interest rate by 48 basis points to 6.21%. This refinancing extended debt maturities with no significant obligations until 2027-2028, providing financial stability during a period of rising interest rates. The company also entered into interest rate swaps to hedge against future rate increases. The company has intensified its value-add renovation program, completing over 8,300 full and partial unit upgrades since inception. Recent quarters have seen accelerated renovation activity, with plans to complete 425 full interior upgrades in 2025. These improvements consistently generate rent premiums ranging from $60-250 per month, with recent quarters achieving $150-253 average monthly premiums on renovated units. Leadership changes occurred with the retirement of longtime CFO Brian Mitts in December 2024 and the appointment of Paul Richards as the new CFO. The company also initiated a share buyback program, purchasing and retiring $14.6 million of common stock, reflecting management's belief that shares are undervalued relative to net asset value. NXRT has strategically repositioned its portfolio by focusing on markets with better supply-demand fundamentals and disposing of assets in oversupplied areas. The company increased its dividend by 10.3% to $0.51 per share, demonstrating confidence in cash flow generation despite challenging market conditions.
NXRT company profile · for informational purposes only — not investment advice.
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