NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2026 RESULTS
Rhea-AI Summary
NexPoint Residential Trust (NYSE:NXRT) reported Q1 2026 results for the quarter ended March 31, 2026. Total revenue was $63.5M; net loss attributable to common stockholders was $6.8M (loss of $0.27 per diluted share). FFO was $17.4M ($0.69/share), Core FFO $17.3M ($0.68/share) and AFFO $19.6M ($0.77/share).
Q1 Same Store NOI decreased 2.7%. Portfolio effective rent averaged $1,485 and physical occupancy was 93.5%. The company paid down $33.0M on its credit facility and approved a quarterly dividend of $0.53 payable June 30, 2026.
Positive
- Paid down $33.0M principal on Credit Facility
- AFFO of $19.6M, or $0.77 per diluted share
- Completed 300 unit upgrades; leased 225 upgraded units
- Portfolio average effective rent of $1,485 and 93.5% occupancy
Negative
- Net loss attributable to common stockholders of $6.8M
- Q1 Same Store NOI decreased 2.7%
- Core FFO declined to $17.3M from $19.1M year‑ago
News Market Reaction – NXRT
In the Apr 28 session, NXRT gained 9.48%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.5% during that session. Our momentum scanner triggered 36 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Full-year 2025 earnings | Neutral | -2.6% | Reported 2025 net loss with solid FFO and continued acquisitions and dividends. |
| Oct 28 | Q3 2025 earnings | Positive | +2.2% | Q3 2025 revenue growth, higher Same Store NOI, and stable dividend level. |
| Jul 29 | Q2 2025 earnings | Negative | +1.3% | Q2 2025 revenue decline, shift to net loss, and softer Same Store performance. |
| Apr 29 | Q1 2025 earnings | Negative | +2.0% | Q1 2025 net loss versus prior income and declines in Same Store metrics. |
| Feb 25 | Full-year 2024 earnings | Positive | +3.8% | 2024 Same Store NOI growth, strong upgrade ROI and dividend increase with buybacks. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have often produced modest positive reactions, but weaker quarters with declining revenue or rents have sometimes seen shares rise, showing occasional divergence between fundamentals and price.
This announcement continues a multi-quarter pattern of pressured fundamentals for NexPoint Residential Trust. Prior earnings showed a shift from net income to net losses, with Q1 2025 and Q2 2025 featuring revenue declines and softer Same Store metrics, yet shares sometimes rose after the news. Full-year 2024 and 2025 results highlighted lower revenues but ongoing value-add upgrades and stable dividends. Today’s Q1 2026 report repeats themes of modest revenue, net loss and continued upgrade-driven ROI within the same portfolio strategy.
Key Terms
ffo financial
core ffo financial
affo financial
noi financial
same store financial
return on investment financial
credit facility financial
mortgage note financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
NXRT Recaps Value-Add Results, Tames Expense Growth and Pays Down
Highlights
- NXRT1 reported net loss, FFO2, Core FFO2 and AFFO2 of
$6.8M $17.4M $17.3M $19.6M $6.9M $17.4M $19.1M $21.6M - For the three months ended March 31, 2026, Q1 Same Store properties3 total revenue, NOI2 , average effective rent, and occupancy decreased
2.2% ,2.7% ,0.9% and 80 bps, respectively, over the prior year period. - The weighted average effective monthly rent per unit across all 36 properties held as of March 31, 2026 (the "Portfolio"), consisting of 13,304 units4, was
$1,485 93.5% . - NXRT paid a first quarter dividend of
$0.53 - On February 3, 2026, NXRT used proceeds from a new mortgage note secured by Sedona at Lone Mountain to pay down
$33.0 million - During the first quarter, for the properties in the Portfolio, NXRT completed 300 full and partial upgrades, leased 225 upgraded units, achieving an average monthly rent premium of
$69 19.0% ROI5. - Since inception, NXRT has completed installation of 10,118 full and partial upgrades, 5,027 kitchen and laundry appliances and 11,199 technology packages, resulting in
$155 $51 $43 20.7% ,63.5% and37.2% ROI, respectively.
(1) | In this release, "we," "us," "our," the "Company," and "NXRT" each refer to NexPoint Residential Trust, Inc., a |
(2) | FFO, Core FFO, AFFO and NOI are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of FFO, Core FFO, AFFO and NOI to net income (loss), see the "Definitions and Reconciliations of Non-GAAP Measures" and "FFO, Core FFO and AFFO" sections of this release. |
(3) | We define "Same Store" properties as properties that were in our Portfolio for the entirety of the periods being compared. There are 35 properties encompassing 12,984 units of apartment space in our Same Store pool for the three months ended March 31, 2026 (our "Q1 Same Store" properties). |
(4) | Total number of units owned as of March 31, 2026 is 13,305, however 1 unit is currently down. |
(5) | We define Return on Investment ("ROI") as the sum of the actual 12-month rent premium divided by the sum of the total cost. |
First Quarter 2026 Financial Results
- Total revenues were
$63.5 million $63.2 million - Net loss attributable to common stockholders for the first quarter of 2026 totaled
$6.8 million $0.27 $6.9 million $0.27 - The change in our net loss of
$6.8 million $6.9 million $1.1 million $1.0 million - For the first quarter of 2026, NOI was
$37.6 million $37.8 million - For the first quarter of 2026, Q1 Same Store NOI decreased
2.7% to$36.7 million $37.7 million - For the first quarter of 2026, FFO totaled
$17.4 million $0.69 $17.4 million $0.68 $17.3 million $0.68 $19.1 million $0.75 $19.6 million $0.77 $21.6 million $0.84
Subsequent Events
- On April 27, 2026, the Company's Board approved a quarterly dividend of
$0.53
First Quarter Earnings Conference Call
NXRT will host a call on Tuesday, April 28, 2026, at 11:00 a.m. ET (10:00 a.m. CT), to discuss its first quarter 2026 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, nxrt.nexpoint.com (under "Resources"). An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days.
A replay of the conference call will also be available through Tuesday, May 14, 2026, by dialing 800-770-2030 or, for international callers, +1 647-362-9199 and entering passcode 5001576.
About NXRT
NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust ("REIT"), with its common stock listed on the New York Stock Exchange and NYSE Texas, Inc. under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "expect," "anticipate," "estimate," "may," "plan," "believe" and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding NXRT's business and industry in general, supply and demand outlook, forecasted submarket deliveries, 2026 full year guidance for earnings per diluted share and Core FFO per diluted share and the related components and assumptions, including acquisitions and dispositions, shares outstanding, and same store growth projections, NXRT's net asset value and the related components and assumptions, including estimated value-add expenditures, debt payments, outstanding debt, and shares outstanding, net income and NOI guidance for the full year and second quarter of 2026 and the related assumptions, planned value-add programs, including projected average rehab costs, rent change and return on investment, and expected settlement of interest rate swaps and the effect on the debt maturity schedule, rehab budgets. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including those described in greater detail in our filings with the SEC, particularly those described in our Annual Report on Form 10-K. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's most recent Annual Report on Form 10-K and other filings with the SEC for a more complete discussion of the risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this release and except as required by law, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements.
FFO, Core FFO and AFFO
The following table reconciles our calculations of FFO, Core FFO and AFFO to net loss, the most directly comparable GAAP financial measure, for the three months ended March 31, 2026 and 2025 (in thousands, except per share amounts):
For the Three Months Ended March 31, | ||||||||||||
2026 | 2025 | % Change | ||||||||||
Net loss | $ | (6,781) | $ | (6,924) | 2.1 | % | ||||||
Depreciation and amortization | 24,291 | 24,350 | -0.2 | % | ||||||||
Adjustment for noncontrolling interests | (69) | (69) | 0.0 | % | ||||||||
FFO attributable to common stockholders | 17,441 | 17,357 | 0.5 | % | ||||||||
FFO per share - basic | $ | 0.69 | $ | 0.68 | 0.7 | % | ||||||
FFO per share - diluted | $ | 0.69 | $ | 0.68 | 1.2 | % | ||||||
Casualty-related recoveries | (1,753) | (656) | N/M | |||||||||
Casualty loss | — | 163 | N/M | |||||||||
Amortization of deferred financing costs | 1,683 | 1,644 | 2.4 | % | ||||||||
Mark-to-market adjustments of interest rate caps | (98) | 591 | N/M | |||||||||
Adjustment for noncontrolling interests | 1 | (7) | N/M | |||||||||
Core FFO attributable to common stockholders | 17,274 | 19,092 | -9.5 | % | ||||||||
Core FFO per share - basic | $ | 0.68 | $ | 0.75 | -9.3 | % | ||||||
Core FFO per share - diluted | $ | 0.68 | $ | 0.75 | -8.9 | % | ||||||
Equity-based compensation expense | 2,362 | 2,475 | -4.6 | % | ||||||||
Adjustment for noncontrolling interests | (9) | (10) | -10.0 | % | ||||||||
AFFO attributable to common stockholders | 19,627 | 21,557 | -9.0 | % | ||||||||
AFFO per share - basic | $ | 0.77 | $ | 0.85 | -8.8 | % | ||||||
AFFO per share - diluted | $ | 0.77 | $ | 0.84 | -8.3 | % | ||||||
Weighted average common shares outstanding - basic | 25,398 | 25,448 | -0.2 | % | ||||||||
Weighted average common shares outstanding - diluted | (1) | 25,398 | 25,576 | -0.7 | % | |||||||
Dividends declared per common share | $ | 0.53 | $ | 0.51 | 3.9 | % | ||||||
Net loss Coverage - diluted | (2) | -0.51x | -0.53x | -3.8 | % | |||||||
FFO Coverage - diluted | (2) | 1.30x | 1.33x | -2.6 | % | |||||||
Core FFO Coverage - diluted | (2) | 1.28x | 1.46x | -12.3 | % | |||||||
AFFO Coverage - diluted | (2) | 1.46x | 1.65x | -11.8 | % | |||||||
(1) | The Company uses the diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO. For periods in which potential common shares are anti‑dilutive, diluted weighted‑average shares outstanding are equal to basic weighted‑average shares outstanding. |
(2) | Indicates coverage ratio of net loss/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period. |
Definitions and Reconciliations of Non-GAAP Measures
Definitions
This presentation contains non-GAAP financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income (loss), balance sheets or statements of cash flows of the Company. The non-GAAP financial measures used within this presentation are net operating income ("NOI"), funds from operations attributable to common stockholders ("FFO"), FFO per diluted share, Core FFO, Core FFO per diluted share, adjusted FFO ("AFFO"), AFFO per diluted share and net debt.
NOI is used by investors and our management to evaluate and compare the performance of our properties to other comparable properties, to determine trends in earnings and to compute the fair value of our properties. NOI is calculated by adjusting net income (loss) to add back (1) interest expense (2) advisory and administrative fees, (3) depreciation and amortization expenses, (4) gains or losses from the sale of operating real estate assets that are included in net income (loss) computed in accordance with GAAP, (5) corporate income and corporate general and administrative expenses that are not reflective of operations of the properties, (6) other gains and losses that are specific to us including loss on extinguishment of debt and modification costs, (7) casualty-related expenses/(recoveries) and casualty loss, (8) property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on behalf of the Company at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees and (9) equity in earnings of affiliate. We define "Same Store NOI" as NOI for our properties that are comparable between periods. We view Same Store NOI as an important measure of the operating performance of our properties because it allows us to compare operating results of properties owned for the entirety of the current and comparable periods and therefore eliminates variations caused by acquisitions or dispositions during the periods.
FFO is defined by the National Association of Real Estate Investment Trusts ("NAREIT"), as net income (loss) computed in accordance with GAAP, excluding gains or losses from real estate dispositions, plus real estate depreciation and amortization. We compute FFO in accordance with NAREIT's definition. Our presentation differs slightly in that we begin with net income (loss) before adjusting for amounts attributable to redeemable noncontrolling interests in the OP and we show the combined amounts attributable to such noncontrolling interests as an adjustment to arrive at FFO attributable to common stockholders.
Core FFO makes certain adjustments to FFO, which are not representative of the ongoing operating performance of our Portfolio. Core FFO adjusts FFO to remove items such as loss on extinguishment of debt and modification costs, casualty-related expenses/(recoveries) and loss (gain), the amortization of deferred financing costs, mark-to-market gains or losses related to interest rate cap agreements not designated as hedges for accounting purposes, and the noncontrolling interests (as described above) related to these items. Starting in the third quarter of 2024, the Company adjusted Core FFO to remove (1) the amortization of all deferred financing costs instead of those solely related to short-term debt financing and (2) mark-to-market gains or losses related to interest rate cap agreements not designated as hedges for accounting purposes. Prior periods have been recast to conform to current presentations.
AFFO makes certain adjustments to Core FFO in order to arrive at a more refined measure of the operating performance of our portfolio. There is no industry standard definition of AFFO and practice is divergent across the industry. AFFO adjusts Core FFO to remove items such as equity-based compensation expense and the related noncontrolling interests (as described above) related to this item.
Net debt is calculated by subtracting cash and cash equivalents and restricted cash held for value-add upgrades and green improvements from total debt outstanding.
We believe that the use of NOI, FFO, Core FFO, AFFO and net debt, combined with the required GAAP presentations, improves the understanding of operating results and debt levels of REITs among investors and makes comparisons of operating results and debt levels among such companies more meaningful. While NOI, FFO, Core FFO, AFFO and net debt are relevant and widely used measures of operating performance and debt levels of REITs, they do not represent cash flows from operations, net income (loss) or total debt as defined by GAAP and should not be considered an alternative or substitute to those measures in evaluating our liquidity, operating performance and debt levels. NOI, FFO, Core FFO and AFFO do not purport to be indicative of cash available to fund our future cash requirements. We present net debt because we believe it provides our investors a better understanding of our leverage ratio. Net debt should not be considered an alternative or substitute to total debt, as we may not always be able to use our available cash to repay debt. Our computation of NOI, FFO, Core FFO, AFFO and net debt may not be comparable to NOI, FFO, Core FFO, AFFO and net debt reported by other REITs. For a more complete discussion of NOI, FFO, Core FFO and AFFO, see our most recent Annual Report on Form 10-K and our other filings with the SEC.
Reconciliations
NOI and Same Store NOI
The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles NOI and our Q1 Same Store NOI for the three months ended March 31, 2026 and 2025 to net loss, the most directly comparable GAAP financial measure (in thousands):
For the Three Months Ended March 31, | |||||||||
2026 | 2025 | ||||||||
Net loss | $ | (6,781) | $ | (6,924) | |||||
Adjustments to reconcile net loss to NOI: | |||||||||
Advisory and administrative fees | 1,771 | 1,696 | |||||||
Corporate general and administrative expenses | 4,473 | 4,457 | |||||||
Corporate income | (590) | (442) | |||||||
Casualty-related recoveries | (1) | (1,753) | (656) | ||||||
Casualty loss | — | 163 | |||||||
Property general and administrative expenses | (2) | 851 | 790 | ||||||
Depreciation and amortization | 24,291 | 24,350 | |||||||
Interest expense | 15,442 | 14,381 | |||||||
Equity in earnings of affiliate | (68) | (55) | |||||||
NOI | $ | 37,636 | $ | 37,760 | |||||
Less Non-Same Store | |||||||||
Revenues | (1,560) | (4) | |||||||
Operating expenses | 623 | (22) | |||||||
Same Store NOI | $ | 36,699 | $ | 37,734 | |||||
(1) | Adjustment to net loss to exclude certain property operating expenses that are casualty-related recoveries. |
(2) | Adjustment to net loss to exclude certain property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees. |
Reconciliation of Debt to Net Debt
(dollar amounts in thousands) | Q1 2026 | Q1 2025 | ||||||
Total mortgage debt | $ | 1,543,529 | $ | 1,503,242 | ||||
Total credit facility | 57,000 | — | ||||||
Total Debt | $ | 1,600,529 | $ | 1,503,242 | ||||
Adjustments to arrive at net debt: | ||||||||
Cash and cash equivalents | (18,465) | (23,719) | ||||||
Restricted cash held for value-add upgrades and green improvements | (7,401) | (3,170) | ||||||
Net Debt | $ | 1,574,663 | $ | 1,476,353 | ||||
Enterprise Value (1) | $ | 2,211,663 | $ | 2,487,353 | ||||
Leverage Ratio (Total Debt to Market Capitalization plus Total Debt) | 72 | % | 60 | % | ||||
Leverage Ratio (Net Debt to Enterprise Value) | 71 | % | 59 | % | ||||
(1) | Enterprise Value is calculated as Market Capitalization as of the end of the period plus Net Debt. |
Guidance Reconciliations of NOI, Same Store NOI, FFO, Core FFO and AFFO
The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles our 2026 NOI guidance to our net loss (the most directly comparable GAAP financial measure) guidance for the year ended December 31, 2026 and for the three months ended June 30, 2026 (in thousands):
For the Year Ended | For the Three Months Ended | |||||||
Mid-Point (1) | Mid-Point (1) | |||||||
Net loss | $ | (36,114) | $ | (10,677) | ||||
Adjustments to reconcile net loss to NOI: | ||||||||
Advisory and administrative fees | 7,169 | 1,786 | ||||||
Corporate general and administrative expenses | 19,112 | 4,886 | ||||||
Corporate income | (1,757) | (417) | ||||||
Property general and administrative expenses | (2) | 4,161 | 1,048 | |||||
Depreciation and amortization | 95,675 | 25,648 | ||||||
Interest expense | 67,099 | 15,704 | ||||||
Casualty-related expenses/(recoveries) | — | 584 | ||||||
Equity in earnings of affiliate | (310) | (77) | ||||||
NOI | (3) | $ | 155,035 | $ | 38,485 | |||
Less Non-Same Store | ||||||||
Revenues | (3) | (6,387) | ||||||
Operating expenses | (3) | 2,212 | ||||||
Same Store NOI | (3) | $ | 150,860 | |||||
(1) | Mid-Point estimates shown for full year and second quarter 2026 guidance. Assumptions made for full year and second quarter 2026 NOI guidance include the Same Store operating growth projections included in the "2026 Full Year Guidance Summary" section of this release and the effect of the acquisition and dispositions throughout the fiscal year. |
(2) | Adjustment to net loss to exclude certain property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees. |
(3) | Year-over-year growth for the Full Year 2026 pro forma Same Store pool (35 properties). |
The following table reconciles our FFO, Core FFO and AFFO guidance to our net loss (the most directly comparable GAAP financial measure) guidance for the year ended December 31, 2026 (in thousands, except per share data):
For the Year Ended December 31, 2026 | ||||
Mid-Point | ||||
Net loss | $ | (36,114) | ||
Depreciation and amortization | 95,675 | |||
Adjustment for noncontrolling interests | (235) | |||
FFO attributable to common stockholders | 59,326 | |||
FFO per share - diluted (1) | $ | 2.31 | ||
Amortization of deferred financing costs | 6,654 | |||
Casualty-related expenses | — | |||
Mark-to-market adjustments of interest rate caps | 16 | |||
Adjustment for noncontrolling interests | (26) | |||
Core FFO attributable to common stockholders | 65,970 | |||
Core FFO per share - diluted (1) | $ | 2.57 | ||
Equity-based compensation expense | 11,053 | |||
Adjustment for noncontrolling interests | (44) | |||
AFFO attributable to common stockholders | 76,979 | |||
AFFO per share - diluted (1) | $ | 2.99 | ||
Weighted average common shares outstanding - diluted | 25,719 | |||
(1) | For purposes of calculating per share data, we assume a weighted average diluted share count of approximately 25.7 million for the full year 2026. |
The following table reconciles our NOI to our net income (loss) for the years ended December 31, 2025 and 2024 and the three months ended December 31, 2025 (in thousands):
For the Year Ended December 31, | For the Three Months | ||||||||||||
2025 | 2024 | 2025 | |||||||||||
Net income (loss) | $ | (32,154) | $ | 1,114 | $ | (10,348) | |||||||
Adjustments to reconcile net income (loss) to NOI: | |||||||||||||
Advisory and administrative fees | 6,941 | 6,899 | 1,765 | ||||||||||
Corporate general and administrative expenses | 17,945 | 19,399 | 4,150 | ||||||||||
Corporate income | (1,666) | (2,215) | (462) | ||||||||||
Casualty-related expenses/(recoveries) | (1) | 264 | 1,389 | 1,700 | |||||||||
Casualty losses | 167 | 626 | 4 | ||||||||||
Property general and administrative expenses | (2) | 4,010 | 3,998 | 1,096 | |||||||||
Depreciation and amortization | 95,752 | 97,762 | 23,560 | ||||||||||
Interest expense | 60,735 | 58,477 | 15,733 | ||||||||||
Equity in earnings of affiliate | (257) | (172) | (74) | ||||||||||
Loss on extinguishment of debt and modification costs | — | 24,004 | — | ||||||||||
Gain on sales of real estate | — | (54,246) | — | ||||||||||
NOI | $ | 151,737 | $ | 157,035 | $ | 37,124 | |||||||
The following table reconciles our NOI to our FFO, Core FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the years ended December 31, 2025 and 2024 (in thousands):
For the Year Ended December 31, | ||||||||||||
2025 | 2024 | % Change 2025 | ||||||||||
Net income (loss) | $ | (32,154) | $ | 1,114 | N/M | |||||||
Depreciation and amortization | 95,752 | 97,762 | -2.1 | % | ||||||||
Gain on sales of real estate | — | (54,246) | N/M | |||||||||
Adjustment for noncontrolling interests | (251) | (176) | 42.6 | % | ||||||||
FFO attributable to common stockholders | 63,347 | 44,454 | 42.5 | % | ||||||||
FFO per share - basic | $ | 2.49 | $ | 1.74 | 43.4 | % | ||||||
FFO per share - diluted | $ | 2.48 | $ | 1.69 | 46.4 | % | ||||||
Loss on extinguishment of debt and modification costs | — | 24,004 | N/M | |||||||||
Casualty-related expenses | 264 | 1,389 | N/M | |||||||||
Casualty losses | 167 | 626 | N/M | |||||||||
Amortization of deferred financing costs | 6,585 | 3,364 | N/M | |||||||||
Mark-to-market adjustments of interest rate caps | 961 | (593) | N/M | |||||||||
Adjustment for noncontrolling interests | (31) | (114) | N/M | |||||||||
Core FFO attributable to common stockholders | 71,293 | 73,130 | -2.5 | % | ||||||||
Core FFO per share - basic | $ | 2.81 | $ | 2.87 | -2.0 | % | ||||||
Core FFO per share - diluted | $ | 2.79 | $ | 2.79 | 0.1 | % | ||||||
Equity-based compensation expense | 9,883 | 10,543 | -6.3 | % | ||||||||
Adjustment for noncontrolling interests | (39) | (42) | -7.1 | % | ||||||||
AFFO attributable to common stockholders | 81,137 | 83,631 | -3.0 | % | ||||||||
AFFO per share - basic | $ | 3.20 | $ | 3.28 | -2.5 | % | ||||||
AFFO per share - diluted | $ | 3.18 | $ | 3.19 | -0.4 | % | ||||||
Weighted average common shares outstanding - basic | 25,390 | 25,516 | -0.5 | % | ||||||||
Weighted average common shares outstanding - diluted | (1) | 25,554 | 26,246 | -2.6 | % | |||||||
Dividends declared per common share | $ | 2.06 | $ | 1.90 | 8.6 | % | ||||||
Net income (loss) Coverage - diluted | (2) | -0.61x | 0.02x | N/M | ||||||||
FFO Coverage - diluted | (2) | 1.20x | 0.89x | 34.8 | % | |||||||
Core FFO Coverage - diluted | (2) | 1.35x | 1.47x | -7.8 | % | |||||||
AFFO Coverage - diluted | (2) | 1.54x | 1.68x | -8.2 | % | |||||||
(1) | The Company uses the diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO. |
(2) | Indicates coverage ratio of net income (loss)/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period. |
Contact:
Investor Relations
Kristen Griffith
IR@nexpoint.com
(214) 276-6300
Media inquiries: Comms@nexpoint.com
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SOURCE NexPoint Residential Trust, Inc.