NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2025 RESULTS

Core Insights - NexPoint Residential Trust, Inc. (NXRT) reported a net loss of $7.0 million for Q2 2025, compared to a net income of $10.6 million in Q2 2024, primarily due to a decrease in gains on real estate sales [5][6][9] - Total revenues for Q2 2025 were $63.1 million, a slight decrease of 0.2% from $64.2 million in Q2 2024 [5][9] - The company completed 555 upgrades and leased 381 upgraded units during Q2 2025, achieving an average monthly rent premium of $73 and a 26.0% return on investment [5][9] Financial Performance - For the three months ended June 30, 2025, FFO was $16.9 million, Core FFO was $18.0 million, and AFFO was $20.3 million, with respective per share values of $0.67, $0.71, and $0.80 [5][6][9] - Year-to-date financial results showed a net loss of $13.9 million for the six months ended June 30, 2025, compared to a net income of $36.9 million for the same period in 2024 [5][9] - NOI for Q2 2025 was $38.0 million, down 1.1% from $38.4 million in Q2 2024 [5][9] Operational Metrics - Occupancy for Same Store properties decreased by 80 basis points for both Q2 and year-to-date periods compared to the previous year [5][9] - Average effective rent across all properties was $1,500, with a physical occupancy rate of 93.3% as of June 30, 2025 [5][9] - The company repurchased 223,109 shares of common stock for approximately $7.6 million at an average price of $34.29 per share during Q2 2025 [5][9] Subsequent Events - On July 11, 2025, NXRT entered into a $200 million revolving credit facility with J.P. Morgan Chase Bank, which may be increased by an additional $200 million [5][9] - A quarterly dividend of $0.51 per share was declared, payable on September 30, 2025 [5][9]