Quarterly ResultApr 29, 2026, 05:01 PM
NXRT Q1 Revenue $63.5M; Net Loss $(6.8)M; New Credit Facility
AI Summary
NexPoint Residential Trust, Inc. reported a slight increase in total revenues to $63.5 million for Q1 2026, up from $63.2 million in Q1 2025. The company's net loss improved slightly to $(6.8) million, compared to $(6.9) million in the prior year, with basic loss per share remaining flat at $(0.27). NXRT also highlighted its new $200.0 million revolving credit facility, entered into in July 2025, with $57.0 million outstanding and $141.0 million available as of March 31, 2026.
Key Highlights
- Q1 2026 Total Revenues increased to $63.5 million from $63.2 million (+0.5%).
- Q1 2026 Net Loss improved to $(6.8) million from $(6.9) million (+1.4%).
- Q1 2026 Basic Loss Per Share remained flat at $(0.27).
- Operating income for Q1 2026 increased to $8.5 million from $7.4 million (+14.7%).
- Entered into a new $200.0 million revolving credit facility in July 2025.
- $57.0 million outstanding on credit facility, $141.0 million available as of March 31, 2026.
- Common stock dividends declared $0.53 per share for Q1 2026, up from $0.51.
- Weighted average interest rate on mortgage debt decreased to 4.73% from 4.86%.