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NexPoint Residential Trust Reports Third Quarter 2026 Results

NexPoint Residential Trust, Inc. (NYSE: NXRT) recently released its financial outcomes for the third quarter that ended on September 30, 2026. The results indicate a challenging landscape for the company, with a decline in several key metrics compared to the previous year.

Financial Highlights

In the third quarter of 2026, NXRT reported a net loss of $11.5 million, translating to a loss of $0.45 per diluted share, which marks a noticeable deterioration from the $7.8 million loss, or $0.31 per diluted share, reported in the same period last year. The overall revenue for this quarter reached $64.5 million, a slight increase from $62.8 million in Q3 2025.

Key figures from the third quarter include:

• - Funds from Operations (FFO): $11.7 million, or $0.46 per diluted share, down from $15.9 million, or $0.63, in Q3 2025.
• - Core FFO: $13.4 million (or $0.52 per diluted share), compared to $17.7 million ($0.70 per diluted share) from the previous year.
• - Adjusted Funds from Operations (AFFO): $16.2 million, or $0.63 per diluted share, decreasing from $20.2 million ($0.80 per diluted share) year-over-year.

Occupancy and Revenue Trends

The report highlighted challenges in occupancy rates, with a drop of 70 basis points in Same Store properties. Total revenue from these Same Store properties also saw a decline, decreasing 0.7% compared to last year. The average effective rent witnessed a similar trend, falling by 0.7%, while Net Operating Income (NOI) declined by 8.2%, leading to a figure of $36.6 million for Q3.

In the year-to-date figures, NXRT reported a net loss attributable to common stockholders of $26.9 million for the nine months ending September 30, 2026. This compares unfavorably to a loss of $21.8 million in the prior year period.

Strategic Developments and Initiatives

Despite these challenges, NexPoint remains committed to enhancing its properties and improving performance. The company completed 708 full and partial upgrades during the third quarter alone, leasing out 425 upgraded units and achieving an average monthly rent premium of $42.54. Since inception, the total number of upgrades across their portfolio has reached 11,010, reflecting ongoing investment in property enhancements.

On October 26, 2026, the board approved a significant stock repurchase program, giving NXRT the potential to repurchase shares valued up to $150 million over two years. This move aims to enhance shareholder value amidst fluctuating performance metrics.

Upcoming Earnings Call

To share more insights about these financial results, NXRT will host an earnings conference call on November 3, 2026, at 11:00 a.m. ET. Stakeholders can participate via a phone call or access an online audio webcast on the company’s official website.

Conclusion

NexPoint Residential Trust, Inc.'s Q3 2026 financial results underscore the hurdles faced in the current market environment, driven primarily by occupancy challenges and rising operating expenses. Nevertheless, the company's emphasis on property upgrades and strategic financial management reflects its commitment to navigating these challenges while aiming for long-term growth and value enhancement for its investors.