FOR IMMEDIATE RELEASE
Contact:
Investor Relations
Kristen Griffith
[email protected]
(214) 276-6300
Media inquiries: [email protected]
NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2025 RESULTS
NXRT Maintains Full Year Guidance and Boosts Quarterly Dividend
Dallas, TX, October 28, 2025 – NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the third quarter ended September 30, 2025.
Highlights
•NXRT1 reported net loss, FFO2, Core FFO2 and AFFO2 of $7.8M, $15.9M, $17.7M and $20.2M, respectively, attributable to common stockholders for the quarter ended September 30, 2025, compared to net loss, FFO, Core FFO, and AFFO of $8.9M, $15.7M, $17.9M and $20.6M, respectively, attributable to common stockholders for the quarter ended September 30, 2024.
•NXRT reported net loss, FFO, Core FFO and AFFO of $21.7M, $50.2M, $54.8M and $62.1M, respectively, attributable to common stockholders for the nine months ended September 30, 2025, compared to net income, FFO, Core FFO, and AFFO of $28.0M, $50.9M, $55.5M and $63.3M, respectively, attributable to common stockholders for the nine months ended September 30, 2024.
•For the three months ended September 30, 2025, Q3 Same Store properties3, occupancy decreased 130 bps, total revenue decreased 0.6%, NOI2 increased 3.5%, and average effective rent decreased 0.3% over the prior year period.
•For the nine months ended September 30, 2025, YTD Same Store properties3, occupancy decreased 130 bps, total revenue and NOI2 decreased 0.6% and 0.5%, respectively, and average effective rent decreased 0.3% over the prior year period.
•On July 11, 2025, the Company, through NexPoint Residential Trust Operating Partnership, L.P. (the “OP”), entered into a $200.0 million revolving credit facility with J.P. Morgan Chase Bank, N.A. (“JPMorgan”) and the lenders thereto from time to time (the "Credit Facility").
•The weighted average effective monthly rent per unit across all 35 properties held as of September 30, 2025 (the “Portfolio”), consisting of 12,9844 units, was $1,497, while physical occupancy was 93.6%.
•During the third quarter of 2025, for the properties in the Portfolio, we completed 365 full and partial upgrades and leased 297 upgraded units, achieving an average monthly rent premium of $89 and a 21.3% ROI5.
•Since inception, for the properties currently in the Portfolio, we have completed 9,478 full and partial upgrades, 4,925 kitchen and laundry appliances, and 11,199 technology packages, resulting in a $161, $50, and $43 average monthly rental increase per unit and a 20.8%, 64.0%, and 37.2% ROI, respectively.
•On October 27, 2025, the Company’s board of directors approved a quarterly dividend of $0.53 per share, a 3.9% increase from the previous dividend per share, payable on December 31, 2025 to stockholders of record on December 15, 2025. Since inception, NXRT has increased the dividend per share by 157.3%.
1)In this release, “we,” “us,” “our,” the “Company,” and “NXRT” each refer to NexPoint Residential Trust, Inc., a Maryland corporation.
2)FFO, Core FFO, AFFO and NOI are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of FFO, Core FFO, AFFO and NOI to net loss, see the “Definitions and Reconciliations of Non-GAAP Measures,” “FFO, Core FFO and AFFO” and “NOI and Same Store NOI” sections of this release.
3)We define “Same Store” properties as properties that were in our Portfolio for the entirety of the periods being compared. There are 35 properties encompassing 12,946 units of apartment space in our Same Store pool for the three months ended September 30, 2025 (our “Q3 Same Store” properties) and 35 properties encompassing 12,946 units of apartment space in our Same Store pool for the nine months ended September 30, 2025 (our “YTD Same Store” properties). The same store unit count excludes 38 units that are currently down due to casualty events (Rockledge: 20 units, Bella Solara: 16 units, Summers Landing: 1 unit, The Avant at Pembroke Pines: 1 unit).
4)Total units owned in our Portfolio is 12,984, however 38 units are currently down due to casualty events (Rockledge: 20 units, Bella Solara: 16 units, Summers Landing: 1 unit, The Avant at Pembroke Pines: 1 unit).
5)We define Return on Investment (“ROI”) as the sum of the actual rent premium divided by the sum of the total cost.
