NexPoint Residential Trust reported total revenues of $64.5 million for the third quarter of 2026, falling short of analyst estimates. The company reported a net loss of $11.5 million, while Core FFO per share of $0.52 reflected pressure from rising interest rates and increased property operating expenses.

Key Highlights

  • Same-store Net Operating Income (SSNOI) fell 8.2% year-over-year, significantly underperforming the expected 3.8% growth.
  • Physical occupancy across the same-store portfolio decreased 70 basis points to 92.9%.
  • Total interest expense rose by $2.6 million while property operating expenses increased by $2.0 million compared to the prior year period.
  • The Board authorized a new $150 million share repurchase program and declared a dividend of $0.53 per share.