NexPoint Residential Trust, Inc. (NXRT) Stock

NexPoint Residential Trust, Inc. (NXRT) is a Real Estate stock trading at $24.52 (as of 2026-08-21), with a market capitalization of $625.05M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol NXRT, primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with value-add potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience.

Understand NexPoint Residential Trust, Inc.: how it makes money

NexPoint Residential Trust is a publicly traded REIT that acquires, owns, and operates well-located middle-income multifamily properties, it makes money primarily through residential rental income and by improving assets through value-add renovations and upgraded units.

Its profit engine is value-add apartment operations, converting renovations and upgrades into rent/lease performance while keeping occupancy, leasing, and cash collections strong to sustain net operating income.

Business quality (Weak): Operational visibility looks good (occupancy, leasing, collections, retention, and renovation ROI are provided), but there is no reportable segment breakdown in the provided data, and some rent-related KPI values appear as zero, which limits clarity on pricing impacts.

Bull case

Occupancy and leasing are strong: Physical Occupancy Rate is 93.5% and Portfolio Leased Percentage is 95.9%, indicating most units are generating rent.
Collections risk appears contained: Cash Collections Percentage of Rents Collected is 99.1%, suggesting renters are paying most of billed rents.
Value-add renovations show measurable returns: Return on Investment for Upgraded Units is 19.0% and Renovation Return on Investment is 23.6%, with Upgraded Units Leased at 225 and Renovated Units at 408.

Bear case

Retention and renewal performance could pressure rent stability: Retention is 48.8%, Renewal Conversion Rate is 63.6%, and Same Store Loss to Lease is 12.7%, implying meaningful unit turnover risk even with high occupancy.
Operational results depend on executing renovations and leasing: The value-add approach requires ongoing renovation and lease-up activity (for example, Full and Partial Renovations Completed is 388 and New Leases Signed is 1,192), which can be challenging in real estate cycles.
External management adds a structural execution risk: NXRT is externally advised by NexPoint Real Estate Advisors, L.P. (an affiliate of NexPoint Advisors, L.P.), so performance depends on the advisor and its incentives.

Valuation — source: SEC EDGAR (first-party)
Price	$24.52
Market Cap	$625.05M
EV / EBITDA	17.7
Price / Book	2.29
Price / Sales	2.48
DCF Value (model)	$56.82
DCF Upside vs Price	131.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$251.28M
Net Margin	-12.7%
Revenue Growth (YoY)	0.5%
EPS Growth (YoY)	0.0%

Valuation vs Sector & Industry
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($105.30M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Real Estate
Industry	Trading
CEO	James David Dondero
Employees	2
Country	US
IPO Date	2015-03-19

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.