Dividend Increase
NXRT paid a second quarter dividend of $0.51 per share, which marks a 147.6% increase since inception. The dividend was 1.39x covered by core FFO with a 72.2% payout ratio.
Strong Return on Investment for Upgrades
During Q2 2025, NXRT completed 555 full and partial upgrades, achieving a 26% return on investment with an average monthly rent premium of $73.
Credit Facility Improvement
On July 11, 2025, NXRT entered into a $200 million corporate revolving credit facility with improved spread by 15 basis points compared to the prior facility.
Efficient Expense Management
Second quarter same-store operating expenses were up just 1.5% year-over-year, with marketing and payroll declining 4.7% and 2.8%, respectively.
Insurance Cost Reduction
Insurance costs were down 20% due to a favorable market environment, contributing to overall expense moderation.