NexPoint Residential Trust, Inc. reported a wider nine-month net loss as interest expense rose to $49.3 million and total expenses increased by $4.2 million. As of September 30, 2026, 36 properties and 13,305 units had 92.8% occupancy.
The change in our net loss for the nine months ended September 30, 2026 as compared to our net loss for the nine months ended September 30, 2025 primarily relates to an increase in total expenses and interest expense of $4.2 million and of $4.3 million, respectively, offset by an increase in total revenues of $3.4 million.Interest expense was $49.3 million for the nine months ended September 30, 2026 compared to $45.0 million for the nine months ended September 30, 2025, which was an increase of approximately $4.3 million.As of September 30, 2026, our Portfolio consisted of 36 multifamily properties primarily located in the Southeastern and Southwestern United States encompassing 13,305 units of apartment space that was approximately 92.8% occupied with a weighted average monthly effective rent per occupied apartment unit of $1,489.Open the document at this passage
NexPoint Residential Trust lowered its full-year Core FFO midpoint to $2.22 from $2.45, projected same-store NOI at negative 4.3%, and made debt reduction the first capital priority. Its $0.53 fourth-quarter dividend remains unchanged, but the board will consider resetting it in 2027.
6 source passages
welcome to the NextPoint Residential Trust Third Quarter 2026 Earnings Call.We're lowering full year core fulfill guidance at a range of $2.17 to $2.27 per diluted share, with a midpoint of $2.22, down from $2.45.NOI guidance moved to a range of negative 5.1% to negative 3.6%, with a midpoint of negative 4.3%.Our leverage is too high for the rate environment, and bringing it down is our first capital priority.The board declared a fourth quarter dividend of $0.53 per share, payable December 31st.By its first meeting in 2027, the board will decide whether to reset the dividend to a level that's appropriately covered.Open the document at this passage
NexPoint Residential Trust, Inc. reported a net loss of $11.5M and Q3 Same Store NOI of $35.6 million, down 8.2%. Core FFO was $13.4M, and full-year Same Store NOI guidance was reset to a midpoint of -4.3%.
Financial resultsRead from the first part of this long document4 source passages
NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the third quarter ended September 30, 2026.NXRT1 reported net loss, FFO2, Core FFO2 and AFFO2 of $11.5M, $11.7M, $13.4M and $16.2M, respectively, attributable to common stockholders for the quarter ended September 30, 2026, compared to net loss, FFO, Core FFO, and AFFO of $7.8M, $15.9M, $17.7M and $20.2M, respectively, attributable to common stockholders for the quarter ended September 30, 2025.For the third quarter of 2026, Q3 Same Store NOI decreased 8.2% to $35.6 million, compared to $38.8 million for the third quarter of 2025.Same Store NOI (2) | | -5.1% | | -4.3% | | -3.6% | | -1.0%Open the document at this passage
TL;DR.NXRT lowered full-year 2026 Core FFO guidance to $2.45 midpoint (from $2.57) and Same Store NOI guidance to -1.0% midpoint, citing lower projected interest income from expiring swaps, same store revenue softness concentrated in Nashville, and higher expenses. The quarter showed improving operating trends, with July blended lease trade-outs turning positive and supply rolling over, though Q2 Same Store NOI still declined 2.9% year-over-year.
Bullish
+Same store revenue year-over-year comp improved 160 bps from Q1 to Q2
+Concession utilization roughly halved from 55.6% to 27.7% of new leases quarter-over-quarter
+Same store physical occupancy rose 30 bps year-over-year to 93.6% with leased at ~95%
Bearish
−2026 full-year Core FFO guidance midpoint lowered to $2.45 from prior $2.57
−Q2 Same Store NOI declined 2.9% YoY to $36.9M from $38.0M
−Lower projected interest income due to ~$14.6M fewer projected swap inflows is the largest driver of the guidance cut
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Strong Sell
SellHoldBuy
TechnicalStrong SellMomentumVery WeakSentimentNeutralFundamentalsWeakQuant / VolVery High
202 of 231 funds reported for Sep 30 · net -958.7K sh shares · +24 new
Insider flowAccumulating
Net +$347.2K over 90 days · 33% sells
Short interestRising
6.80% of shares out · ▲ +0.8% MoM · 4.9 days cover
Volume signalNormal
Volume near normal
Institution breadthMulti-yr high
231 holders — near 3-yr high, broad support
Squeeze score64
elevated · 0–100
Fundamentals
Weak
Revenue growth−3%
Y/Y
EPS growth−3250%
Y/Y
Buyback$150.0M
authorized
Balance sheet$1.6B
net debt
Quant / Vol
risk profile
Very High
Volatility34%
annualized · 1-yr
Max drawdown−52%
past year
ATR4.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
what management promised — and delivered
Latest guidance
· from the Earnings Call filed Nov 3, 2026
full year
Core FFO per diluted share
Non-GAAP
Lowered
$2.17 – $2.27
Aug 4, 2026$2.35 – $2.54→changed toNov 3, 2026$2.17 – $2.27
Added
$2.4M
full-year
Interest expense
$71.8M
fourth quarter
Swap settlements
$600,000
Average financial occupancy
92.8%
Concessions
1.9%
Concessions of gross potential rent
1.9%
Physical occupancy
92.8%
stabilizing
Cap rate
at least 7%
over the next two years
Repurchases
up to $150M
Previous outlook
earlier release· from the 8-K filed Aug 4, 2026
Still-open targets the latest release did not restate under the same label.
FFO per share - diluted
· For the Year Ended December 31, 2026$2.25
Core FFO per share - diluted
· For the Year Ended December 31, 2026$2.45
AFFO per share - diluted
· For the Year Ended December 31, 2026$2.86
Prior guidance
period ended· from the Earnings Call filed Apr 28, 2026
Concession utilization as a percentage of GPR
· Q2 20261%
Financial occupancy
· Q2 202694%
Financial occupancy
· Q3 202694.1%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holdersStrong Sell
4 · 3 · 0
50 / 200-day cross
No crossNeutral
Price vs 200-day avg
−39%Bearish
Price vs 50-day avg
−19%Bearish
RSI (14)
31Neutral
MACD trend
NegativeBearish
52-week position
1%Bearish
Volume (OBV)
ConfirmsNeutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)No cross
50d $19 › 200d $25 — 200d above 50d
Institutional flowDistributing
202 of 231 funds reported for Sep 30 · net -958.7K sh shares · +24 new
Insider flowAccumulating
Net +$347.2K over 90 days · 33% sells
Short interestRising
6.80% of shares out · ▲ +0.8% MoM · 4.9 days cover
Volume signalNormal
Volume near normal
Institution breadthMulti-yr high
231 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low$15Now $15 · 1%Range high$32
vs 200-day avg -39%vs 50-day avg -19%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
NexPoint Residential Trust, Inc. reported a wider nine-month net loss as interest expense rose to $49.3 million and total expenses increased by $4.2 million. As of September 30, 2026, 36 properties and 13,305 units had 92.8% occupancy.
Dividends per share over the trailing 365 days by ex-date · buyback figures as last
reported in SEC filings ("spent" derived as authorized − remaining; when several
programs run concurrently, authorized is their combined total per the newest filing) ·
components shown separately — trailing-year buyback spend isn't tracked, so no
combined shareholder yield is derived.
