NexPoint Residential Trust, Inc. (NXRT) Earnings
NexPoint Residential Trust, Inc. is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $-0.36. NXRT has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +49.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.36 | $-0.68 | -88.9% | $64M | +0.5% |
| Feb 24, 2026 | $0.72 | $0.75 | +4.2% | $64M | +0.9% |
| Jul 29, 2025 | $0.81 | $0.80 | -1.2% | $63M | -0.1% |
| Apr 30, 2024 | $0.26 | $1.00 | +284.6% | $68M | +1.5% |
| Feb 20, 2024 | $0.50 | $0.68 | +36.0% | $69M | +0.7% |
| Oct 31, 2023 | $0.85 | $0.76 | -10.6% | $70M | -0.4% |
| Jul 25, 2023 | $0.92 | $0.88 | -4.3% | $68M | -2.9% |
| Feb 21, 2023 | $0.92 | $0.84 | -8.7% | $69M | +3.5% |
| Oct 25, 2022 | $0.82 | $0.95 | +15.9% | $68M | +1.1% |
| Jul 26, 2022 | $0.86 | $0.89 | +3.5% | $66M | +2.9% |
| Feb 15, 2022 | $0.74 | $0.77 | +4.1% | $58M | +2.1% |
| Nov 2, 2021 | $0.68 | $0.74 | +8.8% | $56M | +2.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Macro backdrop: Multifamily deliveries at lowest in 12 years, supply-demand fundamentals favorable. - Operating performance: Leasing cadence improving, occupancy increasing, concessions at 1.9% of GPR vs 5.7% comps. - Technology platform: Two-layer architecture with property operations and intelligence layers, AI-powered leasing platform driving results. - Sedona at Lone Mountain: Occupancy improving, rental and expense income beating budget. - Transaction market: Institutional multifamily sales volume and DST market growth, potential for fee and interest income from DST platform.
Guidance
- Reaffirmed full year 2026 core FFO guidance range of $2.42 - $2.71 per diluted share and same store NOI range of negative 0.5% at midpoint. - Interest expense now projected at $69.3 million vs original $67.1 million. - Concession utilization expected to decline from Q1 levels with tailwind from supply deceleration and seasonal demand. - Potential for DST platform to add 10-20 cents of core FFO over next 12 months under favorable conditions.
Segment performance
Net loss for Q1 2026 was $6.8 million, or $0.27 per diluted share, on total revenue of $63.5 million. Total NOI was $37.6 million across 36 properties. Same-store total income was $61.4 million, down 2.2% year-over-year. Same-store operating expenses declined 1.6% to $24.8 million, resulting in same-store NOI of $36.7 million, a 2.7% decrease, and an NOI margin of 59.8%. Same-store occupancy closed at 93.6%. Core FFO of $17.3 million, or 68 cents per diluted share, was reported. Interest expense increased due to swap positions falling off. Value-add updates: 252 full and partial upgrades in Q1, over 10,100 upgrades since inception with average monthly premiums and ROIs. Dividend of $0.53 per share declared. NAV per share estimated at $47.70 at midpoint with a 44.7% discount to stock price.
Analyst Q&A
Q: Michael Lewis with Truist Securities asked about narrowing the occupied and leased percentage gap, resident retention upside, occupancy surprise, and interest expense offset from fee income.
A: Discussed opportunities to drive renewals and retention, occupancy improving with operating platform, and fee income from DST platform.
Q: Buckhorn with Raymond James asked about real estate taxes and repairs and maintenance expenses.
A: Talked about stable tax outlook in 3-4% range and R&M stabilizing with some one-time factors