NexPoint Residential Trust — Third Quarter 2026 Earnings Summary

NexPoint Residential Trust reported a net loss of $11.5 million for the third quarter of 2026, with funds from operations (FFO) of $11.7 million and adjusted funds from operations (AFFO) of $16.2 million. The company's same-store net operating income decreased by 8.2% year-over-year to $35.6 million, driven by an 8.2% drop in average effective rent and a 70 basis point decline in occupancy. Total portfolio occupancy stood at 92.8% across 13,305 units, while the company completed 708 value-add upgrades during the quarter. Additionally, NexPoint Residential Trust acquired the Midtown Crossing property in Raleigh, North Carolina, for $32 million and announced a new $150 million share repurchase program.