NexPoint Residential Trust Reports Q1 2025 Results

NexPoint Residential ( (NXRT) ) has released its Q1 earnings. Here is a breakdown of the information NexPoint Residential presented to its investors.

NexPoint Residential Trust, Inc. (NYSE:NXRT) is a publicly traded real estate investment trust (REIT) that focuses on acquiring, owning, and operating middle-income multifamily properties with value-add potential in large cities and suburban submarkets, primarily in the Southeastern and Southwestern United States. The company is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., which has extensive real estate experience.

In the first quarter of 2025, NexPoint Residential Trust reported a net loss of $6.9 million, compared to a net income of $26.3 million in the same period last year. Despite the loss, the company achieved a Core Funds from Operations (Core FFO) of $19.1 million, slightly down from $19.4 million in the previous year. The company also completed 210 full and partial upgrades, leasing 201 upgraded units with an average monthly rent premium of $62.

Key financial metrics for the quarter included total revenues of $63.2 million, a decrease from $67.6 million in the first quarter of 2024. The company’s Net Operating Income (NOI) was $37.8 million, down from $41.1 million in the previous year. Average effective rent per unit was $1,495, with a physical occupancy rate of 94.4%. The company paid a dividend of $0.51 per share and repurchased 223,109 shares of its common stock.

Looking ahead, NexPoint Residential Trust has revised its 2025 guidance, expecting Core FFO per diluted share to range between $2.61 and $2.89. The company remains focused on its value-add programs and capital recycling opportunities to enhance portfolio performance. Management is optimistic about the company’s strategic positioning in top-absorbing markets and its ability to generate sustainable returns for shareholders.