NexPoint Residential Trust Inc (NXRT)
NYSE:NXRT
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NexPoint Residential
(NYSE:NXRT)
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Rating:54Neutral
Price Target:
$29.00
▲(5.34% Upside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by weak profitability and elevated leverage despite positive operating cash flow and improving revenue momentum. Technicals are neutral, while valuation is mixed (high yield but negative P/E). Earnings call commentary and recent events add some support via operational improvement initiatives, but interest expense headwinds and negative same-store NOI guidance temper the outlook.
Positive Factors
Proven value-add multifamily program
The company’s repeatable value-add strategy has delivered strong, measurable uplift in rents and returns across thousands of upgraded units. Durable rent premiums and multi-year ROI metrics demonstrate a scalable operational playbook that sustainably increases property-level NOI and long-term asset value when capex is disciplined.
Negative Factors
Elevated leverage and shrinking equity base
Very high leverage magnifies interest and refinancing risk and constrains strategic optionality. A thinner equity base limits the company’s ability to absorb asset volatility or fund opportunistic buys without raising expensive capital, increasing long-term vulnerability to rate moves or local market softness.
Read all positive and negative factors
Positive Factors
Negative Factors
Proven value-add multifamily program
The company’s repeatable value-add strategy has delivered strong, measurable uplift in rents and returns across thousands of upgraded units. Durable rent premiums and multi-year ROI metrics demonstrate a scalable operational playbook that sustainably increases property-level NOI and long-term asset value when capex is disciplined.
Read all positive factors
NexPoint Residential (NXRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$690.28M
Dividend Yield7.06%
Average Volume (3M)151.16K
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue Growth-1.46%
EPS Growth0.65%
CountryUS
Employees2
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)-1.26
Shares Outstanding25,491,440
10 Day Avg. Volume125,398
30 Day Avg. Volume151,158
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.59
Price to Sales (P/S)3.04
P/FCF Ratio9.14
Enterprise Value/Market Cap3.17
Enterprise Value/Revenue8.70
Enterprise Value/Gross Profit10.29
Enterprise Value/Ebitda5.79
Forecast
1Y Price Target
$30.00Price Target Upside8.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-1.53
Revenue Forecast (FY)$252.82M
NexPoint Residential Business Overview & Revenue Model
Company Description
NexPoint Residential Trust (NXRT) is a Real Estate Investment Trust publicly traded on the New York Stock Exchange, specializing in the acquisition, ownership, and operation of well-located apartment communities designed for middle-income resident...
How the Company Makes Money
NXRT makes money primarily by generating rental-related income from its multifamily apartment portfolio. Its key revenue stream is residential rental revenue (monthly rent paid by tenants), which is influenced by occupancy levels, lease rates, and...
NexPoint Residential Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call emphasized stabilizing operations and clear month-to-month improvement driven by technology, expense discipline, insurance savings, and successful value-add execution, while acknowledging a meaningful interest expense headwind, modest same-store revenue/NOI declines, and some one-time expense items. Management reaffirmed full-year guidance, highlighted liquidity and NAV upside, and identified fee-income optionality from the adviser platform to offset rate pressure. Overall, operational positives and forward-looking levers (AI, leasing momentum, hedging optionality, DST fee potential) outweigh the near-term financial headwinds tied to higher interest expense and elevated one-time spending.Positive Updates
Revenue and Net Loss Essentially Flat YoY
Q1 total revenue of $63.5M versus $63.2M in Q1 2025; net loss improved slightly to $6.8M ($0.27 per diluted share) from $6.9M ($0.27) a year ago, signaling stability in top-line results.
Negative Updates
Same-Store Revenue and NOI Declines
Same-store total income declined 2.2% YoY to $61.4M; same-store NOI declined 2.7% to $36.7M with an NOI margin of 59.8%, reflecting near-term top-line pressure from a supply-driven pricing reset.
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Q1-2026 Updates
Positive
Negative
Revenue and Net Loss Essentially Flat YoY
Q1 total revenue of $63.5M versus $63.2M in Q1 2025; net loss improved slightly to $6.8M ($0.27 per diluted share) from $6.9M ($0.27) a year ago, signaling stability in top-line results.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance with core FFO of $2.42–$2.71 per diluted share and same‑store NOI guidance with a midpoint of -0.5% (same‑store rental income +0.0% to +1.9%, midpoint +0.9%; same‑store revenue +0.1% to +2.0%, midpoint +1.1%; same‑store expense +2.8% to +4.2%, midpoint +3.5%; same‑store NOI -2.5% to +1.5%, midpoint -0.5%); updated full‑year interest expense is $69.3M (vs. $67.1M prior model) after a 7–47 bps forward SOFR shift that adds ~ $2.2M (~$0.08 per share), with Q1 interest expense $15.4M (Q1 2025: $14.4M) and swaps fixing $917.5M (62%) of floating debt; at the guidance midpoint core FFO coverage is ~1.21x, Q1 dividend was $0.53 (dividend increase since inception 157.3%), insurance renewal beat expectations with a 13.3% YoY reduction, and management expects concessions to fall from Q1’s ~2% of GPR to ~1% in Q2, 0.5% in Q3 and 0.4% in Q4 while financial occupancy moves from 92.8% in Q1 to 94.0% in Q2 and 94.1% in Q3 (same‑store physical occupancy closed Q1 at 93.6%); they say the SOFR and Q1 leasing headwinds have been fully offset by the insurance win, expense discipline and strategic fee income (potential incremental core FFO of $0.10–$0.20 from DST activity), so guidance ranges remain unchanged.NexPoint Residential Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 251.61M | 251.28M | 259.70M | 277.53M | 263.95M | 219.24M |
| Gross Profit | 212.78M | 211.72M | 146.47M | 157.58M | 143.89M | 117.05M |
| EBITDA | 378.14M | 124.46M | 202.99M | 250.01M | 138.94M | 137.39M |
| Net Income | -31.88M | -32.03M | 1.11M | 44.26M | -9.26M | 23.04M |
Balance Sheet | ||||||
| Total Assets | 1.87B | 1.89B | 1.91B | 2.11B | 2.23B | 2.06B |
| Cash, Cash Equivalents and Short-Term Investments | 52.78M | 13.70M | 23.15M | 12.37M | 127.84M | 53.24M |
| Total Debt | 1.57B | 1.56B | 1.46B | 1.48B | 1.60B | 1.55B |
| Total Liabilities | 1.60B | 1.59B | 1.49B | 1.61B | 1.70B | 1.59B |
| Stockholders Equity | 272.43M | 295.50M | 410.37M | 494.62M | 519.67M | 469.85M |
Cash Flow | ||||||
| Free Cash Flow | 78.60M | 83.59M | 73.57M | 96.58M | 79.10M | 73.27M |
| Operating Cash Flow | 78.60M | 83.59M | 73.57M | 96.58M | 79.10M | 73.27M |
| Investing Cash Flow | -114.48M | -115.75M | 130.62M | 51.92M | -162.30M | -235.91M |
| Financing Cash Flow | 29.84M | 23.42M | -195.55M | -155.02M | 46.31M | 194.32M |
NexPoint Residential Technical Analysis
Negative
27.53
Price Trends
27.72
Negative
27.25
Negative
28.37
Negative
Market Momentum
-0.21
Positive
39.96
Neutral
16.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXRT, the sentiment is Negative. The current price of 27.53 is below the 20-day moving average (MA) of 28.21, below the 50-day MA of 27.72, and below the 200-day MA of 28.37, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 39.96 is Neutral, neither overbought nor oversold. The STOCH value of 16.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXRT.
NexPoint Residential Risk Analysis
NexPoint Residential disclosed 85 risk factors in its most recent earnings report. NexPoint Residential reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NexPoint Residential Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.28B | 43.55 | 3.22% | 5.66% | 9.12% | -7.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | $985.24M | 112.08 | 1.15% | 4.58% | 33.21% | ― | |
54 Neutral | $690.28M | -21.48 | -10.30% | 7.06% | -1.46% | 0.65% | |
53 Neutral | $280.26M | -21.91 | -6.77% | 6.98% | 1.24% | -34.65% | |
50 Neutral | $417.18M | 0.72 | 176.90% | 7.42% | -16.20% | 99.72% |
* Real Estate Sector Average
NXRT
NexPoint Residential
26.97
-4.70
-14.84%
AIV
Apartment Investment & Management
2.90
-0.33
-10.22%
UMH
Umh
15.06
-0.86
-5.40%
CSR
Centerspace
55.65
-4.08
-6.82%
BRT
BRT Apartments
14.89
-0.21
-1.39%
NexPoint Residential Corporate Events
Business Operations and StrategyPrivate Placements and Financing
NexPoint Residential enters key loan acquisition agreement
Positive
Jun 9, 2026
On June 5, 2026, NexPoint Residential Trust’s operating partnership purchased for $27.2 million all of NexBank Capital’s interests in a term loan used to finance Waterford Place, a 240-unit stabilized multifamily property in the Greens...
Executive/Board ChangesShareholder Meetings
NexPoint Residential Shareholders Back Board, Pay and Auditor
Positive
Jun 2, 2026
At its June 2, 2026 annual meeting, NexPoint Residential stockholders elected all nominated directors to terms expiring at the 2027 meeting, with varying levels of support but no contests, confirming the existing board slate. Shareholders also app...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.