NexPoint Residential Trust, Inc. NXRT
NexPoint Residential Trust, Inc. (the "Company," "we," "our") was incorporated in Maryland on September 19, 2014, and has elected to be taxed as a REIT. The Company is focused on "value-add" multifamily investments primarily located in the Southeastern and Southwestern United States. Substantially all of the Company's business is conducted through NexPoint Residential Trust Operating Partnership, L.P. (the "OP"), the Company's operating partnership. The Company owns its properties (the "Portfolio") through the OP and its wholly owned TRS. The OP owns approximately 99.9% of the Portfolio; the TRS owns approximately 0.1% of the Portfolio. The Company's wholly owned subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC (the "OP GP"), is the sole general partner of the OP. As of December 31, 2025, there were 26,053,988 common units in the OP ("OP Units") outstanding, of which 25,951,154, or 99.6%, were owned by the Company and 102,834, or 0.4%, were owned by noncontrolling limited partners (see Note 9 to our consolidated financial statements).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $251.3M | $259.7M | $277.5M | $264.0M | $219.2M | $204.8M | $181.1M | $146.6M | $144.2M | $132.8M |
| SG&A | $9.2M | $9.2M | $9.5M | $9.3M | $7.3M | $6.2M | $6.8M | $6.1M | $6.2M | $5.9M |
| Total operating expenses | $223.3M | $230.4M | $232.3M | $232.4M | $201.0M | $191.2M | $166.2M | $129.8M | $130.9M | $111.0M |
| Operating income | $27.9M | $83.6M | $113.2M | $46.3M | $64.4M | $82.7M | $142.6M | $30.5M | $91.7M | $21.8M |
| Interest expense | $60.7M | $58.5M | $67.1M | $50.6M | $44.6M | $44.8M | $37.4M | $28.6M | $29.6M | $20.2M |
| Net income | -$32.2M | $1.1M | $44.4M | -$9.3M | $23.1M | $44.0M | $99.1M | -$1.6M | $53.4M | $21.9M |
| EPS, basic | -1.26 | 0.04 | 1.73 | -0.36 | 0.92 | 1.78 | 4.11 | -0.08 | 2.53 | 1.03 |
| EPS, diluted | -1.26 | 0.04 | 1.69 | -0.36 | 0.89 | 1.74 | 4.03 | -0.08 | 2.49 | 1.03 |
| Shares, diluted (wtd. avg.) | 25.4M | 26.2M | 26.2M | 25.6M | 25.8M | 25.2M | 24.6M | 21.7M | 21.4M | 21.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.7M | $23.1M | $12.4M | $16.8M | $49.5M | $24.5M | $25.7M | $19.9M | $16.0M | $22.7M |
| Total assets | $1.89B | $1.91B | $2.11B | $2.23B | $2.06B | $1.83B | $1.87B | $1.16B | $1.06B | $1.04B |
| Long-term debt | $1.59B | — | $1.58B | $1.68B | $1.56B | $1.35B | $1.41B | $845.7M | — | — |
| Total liabilities | $1.59B | $1.49B | $1.61B | $1.70B | $1.59B | $1.42B | $1.44B | $862.6M | $813.8M | $779.3M |
| Retained earnings | -$123.4M | -$38.0M | $11.5M | $11.9M | $59.2M | $75.3M | $63.8M | -$6.8M | $19.3M | -$14.6M |
| Total equity | $295.5M | $410.4M | $494.6M | $519.7M | $469.8M | $407.9M | $426.2M | $296.0M | $239.4M | $256.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $83.6M | $73.6M | $96.6M | $79.1M | $73.3M | $57.2M | $51.4M | $41.7M | $37.5M | $33.8M |
| Depreciation and amortisation | $95.6M | $97.8M | $95.2M | $93.5M | $82.8M | $75.6M | $56.4M | $45.0M | $39.9M | $34.2M |
| Stock-based compensation | $9.9M | $10.5M | $9.3M | $7.9M | $7.0M | $5.5M | $5.1M | $4.2M | $3.1M | $825.0K |
| Investing cash flow | -$115.8M | $130.6M | $51.9M | -$162.3M | -$235.9M | $11.5M | -$553.1M | -$135.2M | $5.0M | -$51.9M |
| Financing cash flow | $23.4M | -$195.6M | -$155.0M | $46.3M | $194.3M | -$82.9M | $529.8M | $93.4M | -$54.5M | $10.3M |
| Dividends paid | $53.5M | $49.3M | $44.8M | $40.6M | $35.8M | $32.3M | $28.0M | $22.3M | $19.3M | $17.8M |
| Buybacks | $7.7M | $14.6M | — | $11.1M | — | $44.5M | — | $9.7M | $2.4M | $4.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-012026.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.8M | $144.2M | $146.6M | $181.1M | $204.8M | $219.2M | $264.0M | $277.5M | $259.7M | $251.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $21.9M | $53.4M | -$1.6M | $99.1M | $44.0M | $23.1M | -$9.3M | $44.4M | $1.1M | -$32.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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