NexPoint Residential Trust, Inc. reported its financial results for the first quarter of 2026, revealing total revenues of $63.5 million, a slight increase from $63.2 million in the same period last year. The company's rental income decreased to $61.1 million from $61.4 million, primarily due to increased one-time rent concessions. However, other income rose to $2.5 million, up from $1.8 million, driven by higher internet and tech income. The company’s operating income improved to $8.5 million, compared to $7.4 million in the prior year, while net loss attributable to common stockholders narrowed to $6.8 million from $6.9 million.
In terms of expenses, NexPoint Residential Trust reported a decrease in total expenses to $55.0 million from $55.8 million, with notable reductions in real estate taxes and insurance costs, which fell to $8.1 million from $9.0 million. Property operating expenses also decreased slightly to $12.3 million from $12.5 million. The company’s interest expense increased to $15.4 million from $14.4 million, reflecting the impact of rising interest rates on its debt obligations.
Operationally, NexPoint Residential Trust maintained a portfolio of 36 multifamily properties, with an occupancy rate of approximately 93.5% and a weighted average monthly effective rent of $1,485 per occupied unit. The company has not made any acquisitions or dispositions during the quarter, focusing instead on its value-add program to enhance property performance. As of March 31, 2026, the company had approximately $8.1 million reserved for planned capital expenditures related to this program.
Looking ahead, NexPoint Residential Trust faces challenges from a high-interest-rate environment and ongoing economic uncertainty, which may impact its ability to finance property acquisitions and other investments. The company continues to manage its liquidity through cash flows from operations and available credit facilities, with $141 million available for borrowing under its revolving credit facility. The company declared a quarterly dividend of $0.53 per share, reflecting its commitment to return value to shareholders while navigating the current market conditions.
About NexPoint Residential Trust, Inc.
NexPoint Residential Trust, Inc. is a real estate investment trust focused on acquiring and managing value-add multifamily properties in the Southeastern and Southwestern U.S. It emphasizes property renovations, active management, and strategic leverage to generate stable income, long-term appreciation, and attractive yields for shareholders. The company owns, operates, and dispositions properties, leveraging external property management and a disciplined investment approach to enhance asset value and cash flow.
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