Earnings Releases·Nov 3, 2026, 8:32 AM ET

NexPoint Residential Trust — Third Quarter 2026 Earnings Summary

Q3 2026 net loss widened to $11.5 million ($0.45/share) from $7.8 million ($0.31/share) in the prior year, driven by $2.0 million higher operating expenses and $2.6 million higher interest costs, while Same Store NOI declined 8.2% year-over-year.
The Company reset full-year 2026 guidance to reflect a wider net loss range ($41.8M–$44.2M) and lowered mid-points for Core FFO per share ($2.22 vs. $2.45) and Same Store NOI growth (-4.3% vs. -1.0%), while raising acquisition guidance to $116.0 million.
Leverage ratios increased significantly to 77% (Total Debt to Market Cap + Debt) and 76% (Net Debt to Enterprise Value) as of September 30, 2026, compared to 65% in the prior year period, with total debt outstanding at $1.62 billion.
Strategic capital allocation included a new $150 million share repurchase program authorized on October 26, 2026, and the acquisition of Midtown Crossing in Raleigh, NC, for $32.0 million on October 2, 2026.
Portfolio fundamentals showed 92.8% physical occupancy and $1,489 weighted average effective monthly rent, though new lease trade-outs declined across all markets, with the Company paying a $0.53 per share dividend for Q3 2026.