Nexpoint Residential Trust Inc

What Nexpoint Residential Trust Inc does

NexPoint Residential Trust Inc is an externally managed, publicly traded multifamily real estate investment trust listed on the NYSE under the ticker NXRT. Founded in 2014 and headquartered in Dallas, Texas, the company acquires, owns, and operates a portfolio of value-add middle-income apartment communities concentrated in Sunbelt markets across the Southeastern and Southwestern United States. Revenue is generated primarily through rental income from individual residential leases across its portfolio, supplemented by ancillary fees, and is supported by a 7.5% dividend yield and quarterly distributions of $0.53 per share.

The company runs a centralized, vertically integrated operating platform through its affiliated adviser, NexPoint Real Estate Advisors, which combines on-the-ground property management with AI-powered leasing technology. The AI leasing platform has driven a 45.7% year-over-year improvement in bad debt, lowering it to 0.55% of revenue, while a 19% ROI value-add unit renovation program has supported a 300 bps improvement in new lease pricing from January through April 2026. Portfolio occupancy stood at 93.5% in Q1 2026.

The capital structure is highly leveraged, with a net debt to enterprise value ratio of 68%, and the company completed a refinancing of 17 properties totaling $1.469 billion through JPMorgan in 2026, reducing its weighted average interest rate from 6.13% to 5.65%. NexPoint also completed the acquisition of Sedona at Lone Mountain, a 321-unit community in Las Vegas for $73.25 million. The stock trades at approximately 0.35x book value with an estimated NAV of $48.57 per share versus a market price around $25-26, and the company is guiding to $66 million of Core FFO for full-year 2026, a 7.9% decline versus 2025.

Name

Nexpoint Residential Trust Inc

Legal name

NexPoint Residential Trust, Inc.

Website

https://nexpointliving.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

NexPoint Residential Trust is an externally managed, publicly traded multifamily REIT that acquires and operates value-add middle-income apartment communities in US Sunbelt markets, generating revenue primarily through rental income under a centralized, AI-enabled operating platform.

Ownership category

akta.pro rank

Product category

Residential REIT / Multifamily Housing

NAICS

Lessors of Real Estate (5311), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO), Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Multifamily rental properties
• Value-add real estate
• Residential REIT
• Property management
• Sunbelt housing

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Rental Income: Rental income from multifamily properties - operating value-add middle-income multifamily properties in Sunbelt markets

Distribution channels2 records

Marketing channels2 records

Core offering

Nexpoint Residential Trust Inc acquires, owns, and operates value-add middle-income multifamily apartment properties in Sunbelt markets across the Southeastern and Southwestern United States. The company generates revenue primarily through rental income from tenants leasing its residential apartment units, and applies renovation and operational improvement strategies to raise occupancy and rental rates. The company also pursues property acquisitions and dispositions as part of its portfolio management strategy.

Product overview

NexPoint Residential Trust operates as a single-product REIT offering focused on acquiring and managing middle-income multifamily properties with value-add potential. The company's core business is a unified portfolio of residential properties located in the Southeastern and Southwestern United States, primarily targeting large cities and suburban submarkets. The REIT generates revenue through rental income from its multifamily apartment properties, implementing value-add strategies including unit upgrades (achieving 19% ROI on completed upgrades) to improve occupancy and rental rates.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 45.7% improvement in bad debt year-over-year
• +3 more outcomes

Segments3 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Scale indicators12 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Centerspace: Multifamily REIT (NYSE: CSR) operating middle-market apartment communities across the Midwest, Mountain, and Southeast regions. Overlaps with NXRT on middle-income renter focus and value-add operating model.
• BRT Apartments: Multifamily REIT (NYSE: BRT) that owns and operates value-add apartment communities, primarily in the Sunbelt. Similar middle-income renter focus and value-add renovation approach to NXRT.
• Elme Communities: Multifamily REIT (NYSE: ELME) operating apartment communities with a value-add operating model across the Mid-Atlantic and Southeast. Comparable in renter demographic and unit-level renovation strategy.
• Independence Realty Trust: Publicly traded multifamily REIT (NYSE: IRT) focused on middle-income, value-add apartment communities across non-gateway Sunbelt markets. Closest comparable in terms of renter demographic, value-add strategy, and Sunbelt geographic footprint.
• Veris Residential: Multifamily REIT (NYSE: VRE) focused on upscale and middle-market apartment communities. Comparable as a publicly traded REIT pursuing repositioning and operational improvement on residential assets.

Emerging players

• American Homes 4 Rent: Largest publicly traded single-family rental REIT (NYSE: AMH). Comparable as a public residential rental REIT serving middle-income households in Sunbelt markets, though its asset class is single-family homes rather than multifamily.

Broad incumbents

• Camden Property Trust: Diversified multifamily REIT (NYSE: CPT) with significant Sunbelt apartment exposure. Comparable on product type and geography but operates at a larger scale and more institutional footprint.
• Mid-America Apartment Communities: Largest Sunbelt-focused multifamily REIT (NYSE: MAA). Broad incumbent with overlapping Sunbelt geographic footprint and similar renter demographic, but at much greater scale and with a more stabilized portfolio.
• Invitation Homes: Largest single-family rental REIT (NYSE: INVH). Comparable as a residential REIT serving middle-to-upper income renters in Sunbelt-adjacent markets, but with a single-family rather than multifamily portfolio.

Others

• NexPoint Diversified Real Estate Trust: Externally managed REIT affiliated with the same NexPoint sponsor family (NYSE: NXDT). Highly relevant as a sponsor-affiliated peer and adjacent real estate investment vehicle, though it targets commercial and diversified assets rather than multifamily.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nexpoint-residential-trust-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nexpoint Residential Trust Inc