NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2025 RESULTS

Core Insights - NexPoint Residential Trust, Inc. (NXRT) reported a net loss of $7.8 million for Q3 2025, a slight improvement from a net loss of $8.9 million in Q3 2024 [3][9] - The company maintained its full-year guidance and announced a quarterly dividend increase of 3.9% to $0.53 per share, marking a 157.3% increase since inception [3][33] - Total revenues for Q3 2025 were $62.8 million, down from $64.1 million in Q3 2024, while year-to-date revenues decreased to $189.2 million from $195.9 million [9][3] Financial Performance - For Q3 2025, Funds from Operations (FFO) were $15.9 million, Core FFO was $17.7 million, and Adjusted FFO (AFFO) was $20.2 million, showing slight variations compared to the previous year [3][9] - Year-to-date FFO totaled $50.2 million, Core FFO was $54.8 million, and AFFO reached $62.1 million, all reflecting a decrease from the same period in 2024 [3][9] - Net loss for the nine months ended September 30, 2025, was $21.7 million, compared to a net income of $28.0 million for the same period in 2024 [3][9] Operational Metrics - Occupancy rates for Same Store properties decreased by 130 basis points, with total revenue and Net Operating Income (NOI) both declining by 0.6% and 0.5%, respectively, for the nine months ended September 30, 2025 [3][9] - The average effective rent per unit across all properties was $1,497, with a physical occupancy rate of 93.6% as of September 30, 2025 [3][9] - The company completed 365 upgrades in Q3 2025, achieving an average monthly rent premium of $89 and a 21.3% return on investment [3][9] Debt and Financing - NXRT entered into a $200 million revolving credit facility with J.P. Morgan Chase Bank on July 11, 2025 [3][9] - Total mortgage debt stood at $1.5 billion as of Q3 2025, with a leverage ratio of 65% [26][9] Future Guidance - The company provided guidance for the full year 2025, projecting a net loss of $33.6 million and FFO attributable to common stockholders of $64.4 million [28][9] - The mid-point estimate for Core FFO per diluted share is projected at $2.75 for the year ended December 31, 2025 [29][9]