NexPoint Residential Q3 revenue slightly beats estimates, net loss widens

Overview

• US multifamily REIT's Q3 revenue slightly beat analyst expectations

• Net loss widened yr/yr due to higher operating and interest expenses

• Company authorized $150 mln share buyback over two years

Outlook

• NexPoint Residential Trust sees 2026 Core FFO per share at $2.22

• Company expects 2026 AFFO per share at $2.64

• Company forecasts 2026 Same Store NOI at $145.1 mln

Result Drivers

• HIGHER OPERATING EXPENSES - Co said increased property operating expenses contributed to wider net loss in Q3

• HIGHER INTEREST EXPENSE - Co attributed part of net loss increase to $2.6 mln rise in interest expense

• LOWER SAME STORE NOI - Q3 Same Store NOI fell 8.2% yr/yr, reflecting lower occupancy and average effective rent

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the residential reits peer group is "buy."

• Wall Street's median 12-month price target for NexPoint Residential Trust Inc is $24.00, about 33% above its November 2 closing price of $18.04

Reuters Recommended Reads

• Nov 2 - Independence Realty Trust Q3 adjusted EBITDA beats estimates; reaffirms FY guidance

• Nov 2 - Sabra Health Care REIT Q3 revenue rises year-over-year

• Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)