NexPoint Residential Trust, Inc. (NYSE:NXRT) reported third quarter 2026 financial results on November 3, 2026, disclosing a net loss of $11.5 million attributable to common stockholders and resetting its full-year same-store NOI guidance.

Key Highlights

  • Net loss widened: Net loss attributable to common stockholders for Q3 2026 was $11.5 million, or $0.45 per diluted share, compared to $7.8 million, or $0.31 per diluted share, in Q3 2025.
  • Same-store NOI declined 8.2%: Q3 Same Store NOI decreased to $35.6 million from $38.8 million in the prior year period, with occupancy down 70 basis points and average effective rent down 0.7%.
  • AFFO of $16.2 million: Adjusted FFO for Q3 2026 was $16.2 million, or $0.63 per diluted share, compared to $20.2 million, or $0.80 per diluted share, in Q3 2025.
  • Portfolio of 36 properties: The company held 36 properties totaling 13,305 units as of September 30, 2026, with a weighted average effective monthly rent per unit of $1,489 and physical occupancy of 92.8%.
  • Q3 dividend paid: NXRT paid a quarterly dividend of $0.53 per share of common stock on September 30, 2026, and the board approved an identical $0.53 per share dividend payable December 31, 2026.
  • New share repurchase program: On October 26, 2026, the board authorized repurchases of up to $150.0 million in aggregate market value of common stock over a two-year period expiring October 26, 2028.
  • Midtown Crossing acquisition: On October 2, 2026, the company acquired Midtown Crossing in Raleigh, NC, a 228-unit property, for $32.0 million at 100% effective ownership.

NexPoint Residential Trust Q3 2026 Financial Performance and Portfolio Activity

According to the filing, total revenues for the third quarter of 2026 were $64.5 million, up from $62.8 million in the third quarter of 2025. The increase in net loss to $11.5 million from $7.8 million year over year was attributed primarily to an increase in property operating expenses of $2.0 million and interest expense of $2.6 million, partially offset by the $1.6 million revenue gain. Depreciation and amortization expense in Q3 2026 totaled $23.2 million.

The company reported NOI of $36.6 million on 36 properties for Q3 2026, compared to $38.8 million on 35 properties in Q3 2025. On a same-store basis, covering 35 properties and 12,980 units, same-store NOI fell 8.2% to $35.6 million. For the nine months ended September 30, 2026, total revenues were $192.6 million versus $189.2 million in the same prior-year period, while year-to-date net loss attributable to common stockholders totaled $26.9 million, or $1.05 per diluted share. YTD Same Store NOI decreased 4.6% to $109.3 million. Core FFO for the nine months ended September 30, 2026, was $47.6 million, or $1.87 per diluted share, compared to $54.8 million, or $2.14 per diluted share, for the same prior-year period.

The filing also noted that on October 1, 2026, the company drew $33.0 million under its revolving credit facility, bringing the aggregate principal outstanding to $112.1 million with an additional $2.0 million letter of credit. During Q3 2026, the company completed 708 full and partial unit upgrades and leased 425 upgraded units, achieving an average monthly rent premium of $42.54 and a 21.1% return on investment, as defined in the filing.

What Was Disclosed

NexPoint Residential Trust disclosed Q3 2026 financial results showing wider net losses and lower same-store NOI year over year, alongside a new $150.0 million share repurchase authorization, a post-quarter property acquisition in Raleigh, NC, and a reset of full-year same-store NOI guidance.