NexPoint Residential Trust, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
Contents
Item 1. Consolidated Balance Sheets as of June 30, 2026 (Unaudited) and December 31,
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Operating Real Estate Investments | ||
| Land | $371,656 | $371,656 |
| Buildings and improvements | 1,820,655 | 1,812,311 |
| Intangible lease assets | — | 1,052 |
| Construction in progress | 7,205 | 8,535 |
| Furniture, fixtures, and equipment | 236,354 | 224,661 |
| Total Gross Operating Real Estate Investments | 2,435,870 | 2,418,215 |
| Accumulated depreciation and amortization | (651,454) | (604,321) |
| Total Net Operating Real Estate Investments | 1,784,416 | 1,813,894 |
| Cash and cash equivalents | 14,626 | 13,704 |
| Restricted cash | 37,971 | 31,476 |
| Accounts receivable, net (1) | 9,353 | 9,059 |
| Prepaid and other assets (2) | 26,754 | 4,852 |
| Fair market value of interest rate swaps | 5,231 | 13,434 |
| TOTAL ASSETS | $1,878,351 | $1,886,419 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Mortgages payable, net | $1,511,869 | $1,469,410 |
| Credit facility, net | 77,627 | 88,102 |
| Accounts payable and other accrued liabilities | 13,159 | 11,554 |
| Accrued real estate taxes payable | 12,688 | 5,251 |
| Accrued interest payable | 6,501 | 7,053 |
| Security deposit liability | 2,819 | 2,980 |
| Prepaid rents | 1,058 | 1,170 |
| Fair market value of interest rate swaps | — | 475 |
| Total Liabilities | 1,625,721 | 1,585,995 |
| Redeemable noncontrolling interests in the OP | 4,769 | 4,928 |
| Stockholders' Equity: | ||
| Preferred stock, $0.01 par value: 100,000,000 shares authorized; 0 shares issued | — | — |
| Common stock, $0.01 par value: 500,000,000 shares authorized; 25,549,813 and 25,364,470 shares issued and outstanding, respectively | 256 | 254 |
| Additional paid-in capital | 409,951 | 406,628 |
| Accumulated earnings less dividends | (166,672) | (123,409) |
| Accumulated other comprehensive income | 4,326 | 12,023 |
| Total Stockholders' Equity | 247,861 | 295,496 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,878,351 | $1,886,419 |
(1)
Includes $0.2 million and $0.0 million from a related party as of June 30, 2026 and December 31, 2025, respectively (see Note 9).
(2)
Includes $22.1 million and $0.0 million note receivable from arelated party as of June 30, 2026 and December 31, 2025, respectively (see Note 9).
CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE LOSS
(in thousands, except per share amounts)
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | ||||
| Rental income | $61,802 | $61,230 | $122,858 | $122,670 |
| Other income (1) | 2,807 | 1,919 | 5,295 | 3,695 |
| Total revenues | 64,609 | 63,149 | 128,153 | 126,365 |
| Expenses | ||||
| Property operating expenses | 14,603 | 12,529 | 26,946 | 24,997 |
| Real estate taxes and insurance | 8,203 | 8,485 | 16,282 | 17,487 |
| Property management fees (2) | 1,828 | 1,806 | 3,642 | 3,626 |
| Advisory and administrative fees (3) | 1,798 | 1,725 | 3,569 | 3,421 |
| Corporate general and administrative expenses | 4,711 | 4,499 | 9,184 | 8,956 |
| Property general and administrative expenses | 2,518 | 2,143 | 4,772 | 4,143 |
| Depreciation and amortization | 23,893 | 24,059 | 48,184 | 48,409 |
| Total expenses | 57,554 | 55,246 | 112,579 | 111,039 |
| Operating income | 7,055 | 7,903 | 15,574 | 15,326 |
| Interest expense | (15,829) | (15,162) | (31,271) | (29,543) |
| Casualty loss | — | (5) | — | (168) |
| Equity in earnings of affiliate | 105 | 59 | 173 | 114 |
| Miscellaneous income | 24 | 144 | 98 | 286 |
| Net loss | (8,645) | (7,061) | (15,426) | (13,985) |
| Net loss attributable to redeemable noncontrolling interests in the OP | (34) | (28) | (61) | (55) |
| Net loss attributable to common stockholders | $(8,611) | $(7,033) | $(15,365) | $(13,930) |
| Other comprehensive loss | ||||
| Unrealized losses on interest rate derivatives | (3,991) | (6,442) | (7,728) | (16,614) |
| Total comprehensive loss | (12,636) | (13,503) | (23,154) | (30,599) |
| Comprehensive loss attributable to redeemable noncontrolling interests in the OP | (50) | (53) | (92) | (120) |
| Comprehensive loss attributable to common stockholders | $(12,586) | $(13,450) | $(23,062) | $(30,479) |
| Weighted average common shares outstanding - basic | 25,517 | 25,384 | 25,458 | 25,416 |
| Weighted average common shares outstanding - diluted | 25,517 | 25,384 | 25,458 | 25,416 |
| Loss per share - basic | $(0.34) | $(0.28) | $(0.60) | $(0.55) |
| Loss per share - diluted | $(0.34) | $(0.28) | $(0.60) | $(0.55) |
(1)
Includes $0.2 million from a related party for thethree and six months ended June 30, 2026, and $0.0 million for thethree and six months ended June 30, 2025 (see Note 9).
(2)
Fees incurred to an affiliate of the noncontrolling limited partner of the OP (see Note 8).
(3)
Fees incurred to the Adviser (see Note 9).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.