NexPoint Residential Trust, Inc.

NYSE:NXRT Stock Report

Market Cap: US$704.1m

NexPoint Residential Trust Past Earnings Performance

Past criteria checks 0/6

NexPoint Residential Trust's earnings have been declining at an average annual rate of -24.2%, while the Residential REITs industry saw earnings growing at 2.3% annually. Revenues have been growing at an average rate of 3.7% per year.

Key information

-24.25%

Earnings growth rate

-24.51%

EPS growth rate

Residential REITs Industry Growth11.06%
Revenue growth rate3.73%
Return on equity-11.55%
Net Margin-12.66%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha Jun 09

NexPoint Residential Trust: A Discounted Sunbelt REIT Facing Critical Interest Increases

Summary NexPoint Residential Trust offers high-beta Sunbelt multifamily exposure, trading at a ~43% NAV discount with a 7%+ dividend yield. NXRT’s value-add strategy delivers strong ROI, but high leverage (67%) and full floating-rate debt exposure create significant refinancing risk as $820M swaps expire in 2026. Base case valuation suggests limited near-term upside until swap overhang clears; bull case offers meaningful upside if hedging and fundamentals improve. I rate NXRT a Hold, preferring patience until swap refinancing structure and leverage are clarified. Read the full article on Seeking Alpha
Narrative Update Jun 06

NXRT: 6.7% Cap Rate And Rising Interest Costs Will Shape Returns

Analysts have trimmed the fair value estimate for NexPoint Residential Trust to $30.40 from $32, reflecting lower updated price targets that factor in concerns about pressure on fundamentals, interest expense and capital allocation choices, even as the portfolio is viewed as deeply undervalued on an implied cap rate basis. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the portfolio screens as deeply undervalued, with an implied cap rate cited at about 6.7%, which they view as attractive relative to the underlying real estate quality.
Narrative Update Apr 21

NXRT: Deeply Discounted 6.7% Cap Rate Will Support Future Upside

Analysts have trimmed the NexPoint Residential Trust fair value estimate slightly from $32.20 to $32.00. This reflects reduced revenue growth assumptions, modestly lower profit margins, and concerns that weaker U.S. employment trends and rising interest expense could pressure fundamentals, despite views that the real estate appears deeply undervalued.
Narrative Update Apr 06

NXRT: Deeply Discounted Cap Rate Will Drive Future Upside Potential

Narrative Update Analysts have trimmed their price target on NexPoint Residential Trust to $27 from $30, citing concerns about pressured fundamentals tied to weak U.S. employment trends, rising interest expense and a view that the REIT's surprise dividend hike could constrain efforts to reduce financial leverage, even as the underlying real estate is viewed as deeply undervalued at a 6.7% implied cap rate. Analyst Commentary Recent research updates frame NexPoint Residential Trust as a value story with real estate assets that some analysts see as priced attractively, while at the same time highlighting several execution and macro risks that could weigh on results.
Narrative Update Mar 22

NXRT: Undervalued Portfolio Will Rely On Cap Rate Support Despite Rate Headwinds

Analysts trimmed the price target for NexPoint Residential Trust by $0.60 to $32.20, citing concerns around softer U.S. employment trends, higher discount and interest rate assumptions, and slightly lower growth and margin expectations, even as the real estate portfolio is viewed as deeply undervalued. Analyst Commentary Recent research updates highlight a mix of optimism about NexPoint Residential Trust's asset quality and concern about the operating backdrop and balance sheet choices.
Narrative Update Mar 05

NXRT: Higher Discount Rate Assumptions Will Support Bullish Cash Flow Conviction

Narrative Update Analysts trimmed their price target on NexPoint Residential Trust by $1, citing updated assumptions around discount rates, revenue trends, profit margins, and future P/E expectations. Analyst Commentary Analysts acknowledged that the updated price target reflects a recalibration of expectations, rather than a fundamental shift in the story for NexPoint Residential Trust.
Narrative Update Feb 19

NXRT: Refined Discount Rate And P/E Assumptions Will Guide Balanced Return Expectations

Analysts trimmed their price target on NexPoint Residential Trust by $1, reflecting slightly updated assumptions for the discount rate, profit margin, and future P/E, while keeping fair value estimates broadly unchanged. Analyst Commentary Recent research around the $1 price target trim centers on fine tuning of discount rate, margin, and future P/E assumptions, rather than a major shift in the long term story for NexPoint Residential Trust.
Narrative Update Feb 04

NXRT: Slightly Higher Required Returns Will Shape Cautious Return Expectations

Analysts have trimmed their fair value estimate for NexPoint Residential Trust to about $32.80, down from roughly $33, citing slightly higher required returns, a modest adjustment to expected profitability, and updated assumptions for long term growth and P/E levels. Analyst Commentary Recent research around NexPoint Residential Trust focuses on how small tweaks to assumptions can move fair value.
Narrative Update Jan 21

NXRT: Dividend And Buyback Policies Will Support Cautious Return Expectations

Analysts have reduced their price target on NexPoint Residential Trust by about $1 to roughly $33, reflecting slightly more conservative assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see the roughly $33 price target as consistent with a portfolio they view as fundamentally sound, even after applying slightly more conservative fair value inputs.
Narrative Update Jan 07

NXRT: Dividend Growth And Buybacks Will Support Balanced Return Outlook

Analysts have modestly adjusted their price target on NexPoint Residential Trust, citing slight refinements to discount rate, profit margin, and forward P/E assumptions. Taken together, these changes suggest a broadly unchanged fair value of about $33.67 per share.
Narrative Update Dec 18

NXRT: Dividend Momentum And Operating Strength Will Support Attractive Upside

Analysts have modestly reduced their price target for NexPoint Residential Trust by approximately 5 percent to about $33.70. This reflects slightly lower expectations for revenue growth and profit margins, partially offset by a higher anticipated future P E multiple.
Narrative Update Sep 05

Sun Belt Migration And AI Platforms Will Ensure Long-Term Stability

Analysts cite NexPoint Residential Trust's year-to-date underperformance, high leverage, stagnant earnings outlook, and expiring interest rate swaps as key concerns weighing on its outlook, resulting in an unchanged consensus price target of $36.71. Analyst Commentary Bearish analysts note NexPoint Residential is the worst-performing apartment REIT in their coverage year-to-date.
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New Narrative Feb 09

Refinancing May Lower Interest Costs, But Profitability Challenges Will Persist

Refinancing activities have reduced debt interest rates and increased maturity, enhancing net margins and financial flexibility for future investments.
Seeking Alpha Feb 04

NexPoint Residential Trust: Moving Beyond Survival To Thrive In 2025

Summary NexPoint Residential has shown significant upside potential, with a 30% rise in share price due to strategic property sales, debt reduction, and share buybacks. NXRT's portfolio is well-positioned in top multifamily markets, benefiting from strong demographics and a favorable rent disparity between Class A and B apartments. Despite the share price increase, the Company remains undervalued compared to peers, trading at 77% of consensus net asset value and offering attractive P/AFFO metrics. The consistent dividend growth, with nine increases since 2015, highlights NXRT's strong operational performance and commitment to shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha Aug 04

NexPoint Residential Trust: Still Attractive After Q2 Results

Summary NexPoint Residential Trust is a small multifamily residential REIT with a market cap of $1.13B, trading publicly since 2015 with a compelling strategy for value creation. Recent Q2 results show stable occupancy, a drop in average effective rent, and a decrease in core FFO due to property sales. Despite short-term headwinds, NXRT's strategy of upgrading units, diversifying markets, and reducing debt makes it an attractive pick for investors seeking income and value. Read the full article on Seeking Alpha
Seeking Alpha May 01

NexPoint Residential Trust: Attractive Valuation Despite The Risks

Summary NexPoint Residential Trust reported Core FFO and NOI growth in the mid-single digits in Q1 2024. The full-year outlook remains more cautious, driven by expected elevated home deliveries in the remainder of the year. Management signals over 50% upside to their NAV estimate using cap rates of 5.5-6% and initiated a $25 million share buyback to help bridge the gap. I estimate a still attractive market cap rate of 6.9%, notwithstanding elevated administrative spending, partially justified by strong returns on renovations. NexPoint's occupancy of just 94.7% and high leverage are red flags, especially given the lack of stable fixed rate long term funding. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How NexPoint Residential Trust makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:NXRT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26252-32270
31 Dec 25252-32270
30 Sep 25253-49280
30 Jun 25254-50270
31 Mar 25256-32280
31 Dec 242601290
30 Sep 2426546280
30 Jun 2427189290
31 Mar 2427674280
31 Dec 2327844270
30 Sep 2327830260
30 Jun 23276-5250
31 Mar 23272-8240
31 Dec 22264-9240
30 Sep 2225326220
30 Jun 2224121220
31 Mar 2222825200
31 Dec 2121923190
30 Sep 21211-20170
30 Jun 2120615170
31 Mar 212049160
31 Dec 2020544160
30 Sep 2020435170
30 Jun 20200124170
31 Mar 20192131170
31 Dec 1918199160
30 Sep 19171108160
30 Jun 19160-16150
31 Mar 19153-16140
31 Dec 18147-2140
30 Sep 18142-1130
30 Jun 1814358130
31 Mar 1814267130
31 Dec 1714453120
30 Sep 1714258120
30 Jun 1713811120
31 Mar 1713618110
31 Dec 1613322100
30 Sep 1613320100
30 Jun 1613111100
31 Mar 16126-590
31 Dec 15118-1180
30 Sep 15105-1460
30 Jun 1587-1940

Quality Earnings: NXRT is currently unprofitable.

Growing Profit Margin: NXRT is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: NXRT is unprofitable, and losses have increased over the past 5 years at a rate of 24.2% per year.

Accelerating Growth: Unable to compare NXRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NXRT is unprofitable, making it difficult to compare its past year earnings growth to the Residential REITs industry (5.2%).


Return on Equity

High ROE: NXRT has a negative Return on Equity (-11.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 06:00
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NexPoint Residential Trust, Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amanda SweitzerBaird
Gaurav MehtaB. Riley Securities, Inc.
Michael KodeschCanaccord Genuity