NexPoint Residential Trust, Inc.

Listed Company

NXRTCIK 0001620393NYSELarge AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2025

Revenue

$251.28M

Net Income

$-32.03M

Total Assets

$1.89B

Equity

$295.50M

Shares Out

25.49M

Op. Cash Flow

$83.59M

Business

NexPoint Residential Trust, Inc. owns and operates a portfolio of value-add multifamily properties as a REIT focused on acquiring, renovating and managing rental apartment communities. The company offers property ownership and asset management services, implements interior and exterior renovations, and may invest in real estate-related debt and securities. It operates as a single industry segment with operations conducted through an operating partnership, an external adviser that manages investments, and a third-party property manager that handles leasing and on-site operations. Its properties are leased primarily in large cities and suburban submarkets in the Southeastern and Southwestern United States.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental income	244	252	270	258	214
Other income	8	8	7	6	6
Total revenues	251	260	278	264	219
Property operating expenses	54	57	58	58	48
Real estate taxes and insurance	32	33	37	37	33
Property management fees	7	7	8	8	6
Advisory and administrative fees	7	7	8	8	8
Corporate general and administrative expenses	18	19	17	15	12
Property general and administrative expenses	9	9	10	9	7
Depreciation and amortization	96	98	95	98	87
Total expenses	223	230	232	232	201
Operating income before gain on sales of real estate	28	29	45	32	18
Gain on sales of real estate	—	54	68	15	46
Operating income	28	84	113	46	64
Interest expense	−61	−58	−67	−51	−45
Loss on extinguishment of debt and modification costs	—	−24	−2	—	—
Casualty loss	−167,000	−626,000	−856,000	3	3
Gain on forfeited deposits	—	0	250,000	0	—
Equity in earnings of affiliate	257,000	172,000	205,000	0	—
Miscellaneous income	559,000	489,000	1	1	2
Net income (loss)	−32	1	44	−9	23
Net income (loss) attributable to redeemable noncontrolling interests in the OP	−127,000	4,000	169,000	−31,000	69,000
Net income (loss) attributable to common stockholders	−32	1	44	−9	23
Unrealized losses on interest rate derivatives	−29	−29	−32	100	47
Total comprehensive income (loss)	−61	−28	12	91	70
Comprehensive income (loss) attributable to redeemable noncontrolling interests in the OP	−240,000	−111,000	46,000	307,000	210,000
Comprehensive income (loss) attributable to common stockholders	−61	−28	12	90	70
Weighted average common shares outstanding - basic	25	26	26	26	25
Weighted average common shares outstanding - diluted	25	26	26	26	26
Earnings (loss) per share - basic	−1.26	0.04	1.73	−0.36	0.92
Earnings (loss) per share - diluted	−1.26	0.04	1.69	−0.36	0.89

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Land	372	360	360	378	376
Buildings and improvements	1,812	1,739	1,720	1,761	1,744
Intangible lease assets	1	—	—	—	3
Construction in progress	9	1	8	11	6
Furniture, fixtures, and equipment	225	202	180	153	120
Total Gross Operating Real Estate Investments	2,418	2,302	2,268	2,302	2,249
Accumulated depreciation and amortization	−604	−509	−411	−349	−287
Total Net Real Estate Investments	1,814	1,793	1,857	1,953	1,962
Cash and cash equivalents	14	23	12	17	49
Restricted cash	31	31	33	35	39
Accounts receivable, net	9	12	15	17	5
Prepaid and other assets	5	6	9	10	5
Fair value of interest rate swaps	13	42	71	103	4
TOTAL ASSETS	1,886	1,907	2,108	2,225	2,063
Mortgages payable, net	1,469	1,464	1,454	1,527	1,276
Credit facility, net	88	0	23	73	278
Accounts payable and other accrued liabilities	12	11	17	12	13
Accrued real estate taxes payable	5	4	11	7	13
Accrued interest payable	7	8	9	8	2
Security deposit liability	3	3	3	3	3
Prepaid rents	1	1	2	2	2
Fair value of interest rate swaps	475,000	—	—	—	—
Total Liabilities	1,586	1,491	1,608	1,700	1,587
Redeemable noncontrolling interests in the OP	5	6	5	6	6
Preferred stock, $0.01 par value: 100,000,000 shares authorized; 0 shares issued	—	—	0	—	—
Common stock, $0.01 par value: 500,000,000 shares authorized; 25,364,470 and 25,403,537 shares issued and outstanding, respectively	254,000	254,000	256,000	255,000	255,000
Additional paid-in capital	407	407	413	405	408
Accumulated loss less dividends	−123	−38	11	12	59
Accumulated other comprehensive income	12	41	70	102	3
Total Stockholders' Equity	295	410	495	520	470
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,886	1,907	2,108	2,225	2,063

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization/write-off of deferred financing costs and debt prepayment penalties	6	27	5	—	—
Change in fair value on derivative instruments included in interest expense	−28	−49	−46	−10	15
Net cash received on derivative settlements	31	53	50	2	−15
Amortization/write-off of fair market value adjustment of assumed debt	−106,000	−106,000	−108,000	−194,000	−203,000
Provision for bad debts, net	2	4	9	8	4
Vesting of stock-based compensation	10	11	9	8	7
Insurance proceeds received for business interruption	982,000	803,000	936,000	681,000	1
Casualty loss (gain)	−407,000	896,000	−3	−2	−5
Accounts receivable	−646,000	−4	−8	−11	−3
Prepaid and other assets	234,000	−808,000	−15,000	−666,000	−433,000
Operating liabilities	−1	−7	5	4	2
Real estate taxes payable	991,000	−7	4	−6	360,000
Net cash provided by operating activities	84	74	97	79	73
Net proceeds from sales of real estate	—	166	118	36	90
Forfeited deposits	—	—	250,000	—	—
Net insurance proceeds received from casualty losses	147,000	2	5	6	9
Additions to real estate investments	−43	−37	−71	−62	−43
Acquisitions of real estate investments	−73	—	415,000	−141	−290
Net cash provided by (used in) investing activities	−116	131	52	−162	−236
Mortgage proceeds received	—	1,434	43	886	155
Mortgage payments	—	−1,517	−99	−560	−42
Credit facilities proceeds received	90	—	—	55	340
Credit facilities payments	—	−24	−51	−261	−243
Deferred financing costs received (paid)	−2	−5	1	−13	−3
Interest rate cap fees paid	—	−2	−592,000	−4	−372,000
Prepayment penalties on extinguished debt	—	−15	−2	−6	−407,000
Payments for taxes related to net share settlement of stock-based compensation	−2	−2	−2	−3	−1
Cash settlement of stock-based compensation	−519,000	—	—	—	—
Redemption of redeemable noncontrolling interests in the OP	—	—	−70,000	—	—
Repurchase of common stock	−8	−15	—	−11	—
Dividends paid to common stockholders	−54	−49	−45	−41	−36
Distributions to redeemable noncontrolling interest in the OP	−211,000	−196,000	−184,000	−519,000	—
Net cash provided by (used in) financing activities	23	−196	−155	46	194
Net increase (decrease) in cash, cash equivalents and restricted cash	−9	9	−7	−37	32
Interest paid	83	106	109	53	27
Issuance of operating partnership units for purchase of noncontrolling interests	—	—	415,000	2	—
Capitalized construction costs included in accounts payable and other accrued liabilities	3	3	6	5	3
Change in fair value on derivative instruments designated as hedges	−29	−29	−32	100	47
Liabilities assumed from acquisitions	218,000	—	—	358,000	571,000
Increase in dividends payable upon vesting of restricted stock units	230,000	486,000	377,000	170,000	439,000
Write-off of assets due to casualty losses	—	1	2	7	2
Write-off of deferred financing costs	—	8	483,000	2	503,000

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