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NexPoint Residential Trust, Inc. Stock Price: Quote, Forecast, Splits & News (NXRT)

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Company Profile

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NexPoint Residential Trust, Inc. Price & Performance (NXRT)

Stock Performance

Updated Mar 24, 3:31 PM UTC

NXRT:NYSE

$38.58USD

1.94% · $0.74

Open

$38.46

High

$38.60

Low

$38.45

Market Cap

$982.35M

P/E Ratio

964.4

Volume

14.98K

Year High

$48.37

Year Low

$30.02

Dividend Yield

5.04%

News & Market Insights

NexPoint Residential Trust Schedules Virtual Annual Meeting for May 2025
Mar 14, 2025
NexPoint Residential Trust has announced that its 2025 Annual Meeting of Stockholders will be held virtually on May 20, 2025. The record date for determining voting eligibility is March 24, 2025. Further details, including access instructions, will be provided in the proxy materials. This marks a continued trend toward virtual shareholder engagement.1
Stock Analysts Adjust NexPoint Residential Trust Price Targets
Mar 22, 2025
Multiple analysts have revised their price targets for NexPoint Residential Trust. Jefferies Financial Group raised its target to $43.00, while Truist Financial increased its target to $42.00. However, Raymond James lowered its target to $44.00, citing cautious optimism. The stock currently holds a consensus rating of "Hold" with mixed outlooks.234
NexPoint Residential Trust Faces Mixed Market Reactions Post-Earnings
Feb 25, 2025
Despite a Q4 2024 earnings miss, NexPoint Residential Trust saw its stock rise by 6.02% in pre-market trading. Net loss for the quarter was $26.9 million, with revenue slightly below expectations. Investors appear to focus on long-term growth potential, as the company plans strategic initiatives for 2025 and beyond.56

What's Happening

Peers

Earnings

Report Date

Feb 25, 2025

Reported Revenue

63.8M

Avg 1d Change

1.74%

Report Period

Q4 2024

Reported EPS

0.78

Implied Move 1d

8.51%

Transcript

10m 48s

As a reminder, this call is being webcast through the company's website at nxrt.nextpoint.com.

10m 55s

Before we begin, I would like to remind everyone that this conference call contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Lazydays should not place undue reliance on any forward looking statements and are encouraged to review the company's most recent annual report on Form 10 ks and the company's filings with the SEC for a more complete of risks and other factors that could affect any forward looking statements. The statements made during this conference call speak only as of today's date and except as required by law, NSRT does not undertake any obligation to publicly update or revise any forward looking statements. This conference call also includes an analysis of non GAAP financial measures.

11m 44s

A more complete discussion of these non GAAP financial measures, see the company's release that was filed earlier today.

11m 51s

I would now like to turn the call over to Matt McGranger. Please go ahead, Matt. Thanks, Kristen. And before we dive into our prepared remarks, I want to take a moment to congratulate Brian Mitts on his well earned retirement which officially took effect on 12/31/2024. [indiscernible] While Brian has stepped back from day to day operations, we're fortunate that he remains a valued member of our Board continuing to provide guidance and insight as we move forward, At the same time, I'm pleased to officially welcome Paul Richards as our new CFO And having worked closely with Brian and me for over a decade, Paul deeply understands our strategy and our approach to execution. He is a strong leader and I have full confidence in his ability to drive sector leading long term results [indiscernible] And with that, I'll turn the call over to Paul to walk us through our fourth quarter and full year 2024 financial results. Thanks, Matt, and thanks, Kristen. And welcome to everyone joining this morning. Look forward to our and we appreciate your time. I'll kick off the call and cover our Q4 and full year results and highlights. Update our NAV calculation then provide initial 2025 guidance.

13m 1s

I'll then turn it over to Matt Bonner to discuss specifics on the leasing environment and metrics driving our performance and guidance in details on the portfolio.

13m 10s

Let me start with results from the fourth quarter, which are as follows. Net loss for the fourth quarter was $26,900,000 or $1.06 per diluted share on total revenue of $63,800,000 as compared to net income of $18,400,000 or $0.7 per diluted share in the same period in 2023 on total revenue of $68,900,000 For the fourth quarter, net operating income was $38,900,000 on 35 properties, compared to $42,200,000 on 38 properties for the fourth quarter of twenty twenty three, a 7.6% decrease in NOI. For the fourth quarter, same store rental income increased 90 basis points and same store occupancy remained stable at 94.7% This coupled with an increase in same store expenses of 2.2% led to a decrease in same store NOI of 40 basis points as compared to Q4 twenty twenty three, rental income for the fourth quarter twenty twenty four on the same store portfolio was up 20 basis points quarter over quarter. Continue to execute our value added business by completing 58 full and partial renovations during the quarter at least 31 renovated units achieving an average monthly rent premium $150 and 19.2% return on investment in section a day in the current portfolio as of year end, we have completed 8,348 full and partial upgrades, 4,730 kitchen and laundry appliance installations, and 11,389 technology package installations resulting in $175.50 and 43 average monthly rental increase per unit and 20.864.640.837.2% return on investment respectively.

15m 12s

Moving to the full year, full year results are as follows: Net income for the year ended December 31 was $1,100,000 or income of $0.04 per diluted share, which included a gain on sales of real estate of 54,200,000.0 and ninety seven point eight million dollars of depreciation and amortization expense, This compared to net income of $44,300,000 dollars or income of $1.59 per diluted share for the full year NOI was $157,000,000 on 35 properties as compared to $167,400,000 on 38 properties for the same period in 2023 or an decrease of 6.2%. For the year, same store rental income increased 2.3% and same store occupancy remained stable at 98.7%. This coupled with an increase in same store expenses of 3.3% led to an increase in same store NOI of 90 basis points as compared to the full year in 2023. 23, Since inception, of the business in 2015, NXRT has generated 10.8% compound annual growth in core FFO, Turning to our NAV estimate, based on our current estimates of cap rates in our markets at Ford NOI, reporting a NAV per share range as follows: $44.56 on the low end, dollars 58.52 on the high end, and $51.54 at the NexPoint.

16m 55s

These are based on average cap rates ranging from 5.25% on the low end to 5.75% on the high end, which remain the same as last quarter and remained flat over the last year reflecting stability in capital markets and cap rates in our markets. For the fourth quarter, NXRT paid a dividend of $0.51 per share on December 31, Since inception, we have increased our dividend 147.6% For 2024, our dividend was 1.47x covered by core FFO with a payout ratio of 68% of core FFO. Finally, before discussing guidance, I'd like to touch on our 2024 transaction activity and subsequent events. XRT disposal of Old Farm on 03/01/2024, Radbourne Lake, on 04/30/2024 and Stone Creek at Old Farm on 10/01/2024. These sales generated 20.2 levered IRR a 2.96 multiple uninvested capital and $92,400,000 on net sales proceeds $24,000,000 to pay down drawn balance in the credit facility. In the first half of twenty twenty four, we retired $14,600,000 in common stock at a weighted average price of $33.19 which represented a 37% discount to the midpoint of our Q1 twenty twenty four NAV range, In two closings on 10/01/2024, and 11/29/2024, the company entered into 34 loan agreements for total gross proceeds of 1,466,000,000.000 which is in aggregate representative of 97.7% of the company's total outstanding debt.

18m 32s

Notably, NXRT agreed to refinance at an interest rate of pricing improved from prior terms. This refinancing activity extended the company's weighted average debt maturity schedule to seven years. [indiscernible] reduced NXRT's weighted average interest on the total debt by 48 basis points to 6.21% before the impact of interest rate swap contracts. Accounting for the hedging impact, of the swaps, NXRT's adjusted weighted average interest rate reduced from 3.64% to 2.96% as of 12/31/2024. With the completion of these refinancings, the company has no meaningful debt maturities until 2020 On February 24, 2025, the company's Board of Directors declared a quarterly dividend of $0.51 per share payable on 03/31/2025 to stockholders of record 03/14/2025.

19m 24s

Going to our guidance for 2025, we are issuing initial guidance as follows: [indiscernible] per diluted share, $2.83 at the high end dollars two point five six at the low end, with a midpoint of $2.7 For same store revenue, dollars 1.3 increase on the high end, 20 basis points decrease on the low end with a midpoint of 50 basis point increase. Same store expenses an increase of 2.4% on the high end 4.9% on the low end and 3.7% increase for the midpoint which results in same store NOI of a 50 basis point increase on the high end a 3.5% decrease on the low end and a negative 1.5% decrease at the midpoint. And with that, I'll turn it over to Matt for commentary on the portfolio. Thank you, Paul. Let me start by going over our fourth quarter same store operational results. Occupancy ended 2024 at 94.7% stable year over year. We saw sizable occupancy growth in DFW and Charlotte, finishing the year 96.397% respectively. Orlando, Tampa and South Florida remained strong finishing the quarter an average occupancy of 94.9%.

20m 38s

Q4 same store NOI growth was a negative 40 basis points driven by 90 basis points of growth in rental revenue and 60 basis points growth in total revenues. Operating expense growth in the quarter at 2.2% maintaining the moderate growth we've seen over the last several quarters. Renewal conversions were 55.4% for the quarter, and 2025 retention has started off strong with both January and February over 53.3% in March is projected to finish at the same clip. Bad debt continued to trend down finishing Q4 at 90 basis points and for the full year we averaged 1.3% which was down from twenty twenty three's average of 2.7%. Operationally for the quarter, payroll declined 30 basis points year over year R and M expense growth was 4.3% in the quarter continuing to moderate off of an elevated post COVID comp in 2022 and 2023, Real estate taxes have also moderated and true ups booked in Q4 reflect a reduction to our overall real estate tax for the year ending at negative 6.5% growth. On the occupancy front, we're pleased to report that Q4 same store occupancy was 94.7%, positioning us well for 2025. And as of this morning, the portfolio is still 94.7% occupied with a a sixty day trend of 96.3%.

21m 59s

Our full year 2020 our full year 2024 same store NOI margin was a healthy 61.61%. Same store revenues for the year increased by 2% while same store NOI improved by 90 basis points despite the impact of record deliveries in our markets, Indeed, five of our 10 same store markets grew NOI by at least 3%.

22m 21s

Those notable growth markets for the year were Las Vegas at 8.6%, Orlando at 6.80.6%, Orlando at 6.6% Raleigh at 5.2% and Atlanta at 3.5%.

22m 35s

Turning to 2025 guidance, as Paul said, we're guiding between 3.5% decline and a 50 basis point increase in same store NOI growth for the 2025. With the midpoint projecting a 1.5% reduction year over year. Across the portfolio, we are forecasting a negative 0.5% to 1% rental income growth that assumes a 94% to 94.3% physical occupancy with peak occupancy model for Q1 and moderating slightly as we focus on rent growth in the back half the year. It also assumes a negative 90 basis point earn out from lease trade outs and gain to lease inversion in 2024. Also includes a 1.5% market rent growth in 2025. Also includes a 50 basis point top line growth attributable to our value add activities and ROI CapEx spending. We're also forecasting a negative 30 basis point reduction in financial occupancy from the 92.3% from 92.3% from 92.7% at the NexPoint. Finally, we're assuming a 30 basis points increase in bulk live Fi and other rent charges. From a market perspective, we're expecting our top performing revenue markets will be South Florida, Las Vegas, Raleigh, Nashville and Atlanta. Each expecting roughly 2% to 4% growth in these markets. On the expense front for the year, we're forecasting a 50 basis point controllable expense decline Within that number is a negative 1% R and M in turn turn cost growth assumption a 3% labor growth increase a negative 3.8% growth in advertising, a negative 2.6% growth in G and A expense.

24m 20s

A non controllable front, we're forecasting a 2.4% to 4.9% total expense growth. The components of this are 4.1% utility expense growth, a 7% insurance growth, assuming a 5% target growth on our April 1 renewal, an 8.6% real estate tax expense growth which we expect to which we're hoping to achieve better results. This all equates, as Paul mentioned, a negative 3% to 5% same store NOI growth.

24m 53s

We continue to be an internal growth business at our core And to that end, our guidance includes the following assumptions regarding our value add programs. Still aligned with our historical 15% to 20% targets in which we anticipate to accelerate as the year progresses amid declining supply. We expect to complete four twenty five full interior up generating a $269 average monthly premium. We expect to complete three twenty six partial interior upgrades at an average cost of $5,200 per unit generating a roughly $86 average monthly premium. These partial upgrades include varying bespoke additions such as new stainless steel appliances, hard surface countertops, updated tub enclosures and private yards among among other aspects. These partial and bespoke rehab initiatives are strategically tailored by property to drive rent growth where we see opportunities among competing properties. Finally, we also plan to install six sixty one washer and dryers at an average cost of $1,000 per unit generating $53.53 dollars an average monthly premium or 64% ROI. On the acquisition and disposition guidance, we will continue to underwrite the limited value add pipe we do expect the volume of opportunities to potentially increase later in Q2 and in into the second half of the year.

26m 19s

As prospective buyers and finally underwrite rent growth, Now on the capital markets and balance sheet and liquidity front, NXRT today has $23,100,000 of unrestricted cash and $350,000,000 of excess capacity on our unsecured corporate credit facility giving the company $373,000,000 of available liquidity as we head into 2025. In June, we expect to finalize a recasting of the corporate credit facility and we're well down the path to finalizing agreement with a strong syndicate of bank to continue to provide liquidity and flexibility on our balance sheet We appreciate that partnership and look forward to welcoming new relationships to the platform. [indiscernible] So far in 2025, we're off to a good start prioritizing margin, expansion and increased resident satisfaction and retention we are excited to execute on our strategy this year and initiatives We expect to see a transition year leading to outsides growth in 2026 and 2027.

27m 17s

Specifically in the second half of the year as applied against Duane.

27m 21s

Indeed, Q4 saw another sharp pullback in STARS to just 37,000 quarterly units in the quarter. That's the lowest level since Q4 of twenty eleven.

27m 30s

That's all I have for prepared remarks. Thanks to our teams here at NextPoint and BH for continuing to execute. That, we'll turn the call over to the operator for questions.

27m 40s

Thank you. Ladies and gentlemen, we will now begin the question and answer session. Your first question comes from the line of Kyle Katarinsik of Janney.

28m 7s

Please go ahead. Good morning guys. Total rental income for Atlanta was up 160 basis points quarter over quarter, but average effective rent was negative 10 basis points and occupancy was negative 160 basis points.

28m 21s

So what drove the positive result there?

28m 25s

Yes, I think in Atlanta, we've had a little bit higher occupancy there.

28m 35s

You know, pulling up exactly what you're looking at.

28m 48s

See, I think, the other the other benefit that we've added to total revenue in Atlanta here recently is in both WiFi We've rolled that out across the three assets over Q4 and Q1. So you see some total revenue growth there that I think is going to benefit.

29m 6s

We're getting one gig fiber retrofitted units. And so that's that's offsetting some of the loss and downward pressure and both actions in the In 2025, just to add to Bonner's point, the bad debt and we were expecting and have seen bad debt improvement in the market underwriting a positive inversion this year of almost $250,000 that's improving to 1.8% in 2025 or Then can you please provide some color on what you're of the two ninety base point decrease in occupancy in the Raleigh Durham market? Yeah. I think in Morales, we're it's one of the larger supply and expansion markets for us. We've seen some pressures particularly in the Morrisville submarket, our high house asset was under a little bit more pressure. We're better today and we say less rate. We also had a little bit of personnel change there. So think it's something that we've dealt with and are are moving forward on. We still love the Raleigh market and I think the supply that picture gets better particularly towards the back half of the year.

30m 29s

Okay. Thank you. And then one more, I know you guys mentioned a little about the full interior upgrades, but early in 2024, you mentioned there was about 5,500 units left there and that, like you mentioned in your prepared remarks, [indiscernible] to that plan based on current market conditions and any markets to your focusing upgrades on? Yes. We're prioritizing the renovations largely in places where we can still push rates, so that that's largely South Florida Raleigh in the second half of the year and then then Vegas, the upgrades in Atlanta that Bonner just mentioned. I'd say that the revenue or excuse me, the rehab output this year We're pleased that it's double the output of last year. And it's still not at our 300 to 400 a quarter pace that we were historically done since 2015. Our goal and our hope is is to reevaluate this output every quarter and hopefully as the industry is expecting an inversion in in rate in the second half of the year that we can add additional output from to the rehab pipeline and have some upside in this guidance. So that's the goal. Awesome. Thanks guys. Appreciate it. Thank you.

31m 58s

Your next question comes from the line of Amit Hayek Kusani of Deutsche Bank. Please go ahead. Yes.

32m 13s

I guess some of the stock maturity higher level that you're able to [indiscernible] [indiscernible] Tayo, it's Matt. I'm having a difficult time hearing you. I think one question or part of the question was how the swap expiration plays into through the guidance. Is that fair?

32m 49s

Yes, that's fair. Can you hear me? Yes, I can hear you better now. Sorry. [indiscernible] roughly a quarter million of our swaps expiring in in June. And then we [indiscernible] We've had a 50 basis point decline in our spread. So that as a component of our guidance is actually a $0.12 benefit for 2025 This is 160 basis points to 109 basis points reduces the total interest expense now. The high we have to take some assumptions on higher for longer And if we do see Fed cuts in the second half of the year or or any more that that's baked in, we do think there's upside the core numbers, but we're being I think appropriately conservative at this juncture.

33m 51s

Great. Thank you. Thank you. There are no further questions at this time. With that, I will now turn the call back over to the next management team for final closing remarks.

34m 9s

All right. Thanks everyone for calling. Have a great day. Ladies and gentlemen, that concludes the conference call. We thank you for participating and ask that you please disconnect your lines.

Key Insights

NXRT reported a Q4 2024 net loss of $26.9 million, or $1.06 per diluted share, on total revenue of $63.8 million, compared to a net income of $18.4 million in Q4 2023. Full-year 2024 net income was $1.1 million, or $0.04 per diluted share, down from $44.3 million in 2023.
Same-store rental income for Q4 2024 increased by 90 basis points, with stable occupancy at 94.7%. However, same-store NOI decreased by 40 basis points due to a 2.2% increase in same-store expenses. For the full year, same-store NOI improved by 90 basis points, with notable growth in markets like Las Vegas (8.6%) and Orlando (6.6%).
NXRT provided initial 2025 guidance, projecting core FFO per diluted share between $2.56 and $2.83, with a midpoint of $2.70. Same-store NOI growth is expected to range from a 3.5% decline to a 0.5% increase, with a midpoint of a 1.5% decline.
The company completed significant refinancing activities in 2024, reducing its weighted average interest rate to 2.96% (adjusted for swaps) and extending its debt maturity schedule to seven years. NXRT has no meaningful debt maturities until 2027 and maintains $373 million in available liquidity heading into 2025.
NXRT plans to accelerate its value-add renovation program in 2025, targeting 425 full interior upgrades and 326 partial upgrades, with expected monthly rent premiums of $269 and $86, respectively. The company also anticipates completing 661 washer and dryer installations with a projected ROI of 64%.

Recent Transcripts

Q4 2024 results show challenges with declining NOI and net income, but refinancing improves debt profile.

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$205M	$219M	$264M	$278M	$260M
Cost of Revenue	$85M	$88M	$105M	$110M	$41M
Gross Profit	$120M	$131M	$159M	$167M	$219M
Gross Profit %	58%	60%	60%	60%	84%
R&D Expenses	$0.16	$0.11	-$0.035	$0	$0

2020

2021

2022

2023

2024

Revenue

$205M

$219M

$264M

$278M

$260M

Cost of Revenue

$85M

$88M

$105M

$110M

$41M

Gross Profit

$120M

$131M

$159M

$167M

$219M

Gross Profit %

58%

60%

84%

R&D Expenses

$0.16

$0.11

-$0.035

Cash Flow

Net Income

	2020	2021	2022	2023	2024
Net Income	$44M	$23M	-$9.3M	$44M	$1.1M
Dep. & Amort.	$82M	$87M	$98M	$95M	$98M
Def. Tax	-$57M	-$27M	$0	$0	$0
Stock Comp.	$5.5M	$7M	$7.9M	$9.3M	$11M
Chg. in WC	-$7.8M	-$1.3M	-$13M	$599K	-$18M

2020

2021

2022

2023

2024

Net Income

$44M

$23M

-$9.3M

$44M

$1.1M

Dep. & Amort.

$82M

$87M

$98M

$95M

$98M

Def. Tax

-$57M

-$27M

Stock Comp.

$5.5M

$7M

$7.9M

$9.3M

$11M

Chg. in WC

-$7.8M

-$1.3M

-$13M

$599K

-$18M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$24M	$49M	$17M	$12M	$23M
ST Investments	$3K	$3.8M	$111M	$0	$0
Cash & ST Inv.	$24M	$49M	$17M	$12M	$23M
Receivables	$9M	$4.8M	$17M	$15M	$12M
Inventory	-$3K	-$3.8M	$124M	$0	$0

2020

2021

2022

2023

2024

Cash

$24M

$49M

$17M

$12M

$23M

ST Investments

$3K

$3.8M

$111M

Cash & ST Inv.

$24M

$49M

$17M

$12M

$23M

Receivables

$9M

$4.8M

$17M

$15M

$12M

Inventory

-$3K

-$3.8M

$124M

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

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Earnings

Report Date

Feb 25, 2025

Reported Revenue

63.8M

Avg 1d Change

1.74%

Report Period

Q4 2024

Reported EPS

0.78

Implied Move 1d

8.51%

Transcript

10m 48s

As a reminder, this call is being webcast through the company's website at nxrt.nextpoint.com.

10m 55s

11m 44s

A more complete discussion of these non GAAP financial measures, see the company's release that was filed earlier today.

11m 51s

13m 1s

I'll then turn it over to Matt Bonner to discuss specifics on the leasing environment and metrics driving our performance and guidance in details on the portfolio.

13m 10s

15m 12s

16m 55s

18m 32s

19m 24s

20m 38s

21m 59s

22m 21s

Those notable growth markets for the year were Las Vegas at 8.6%, Orlando at 6.80.6%, Orlando at 6.6% Raleigh at 5.2% and Atlanta at 3.5%.

22m 35s

24m 20s

24m 53s

26m 19s

27m 17s

Specifically in the second half of the year as applied against Duane.

27m 21s

Indeed, Q4 saw another sharp pullback in STARS to just 37,000 quarterly units in the quarter. That's the lowest level since Q4 of twenty eleven.

27m 30s

That's all I have for prepared remarks. Thanks to our teams here at NextPoint and BH for continuing to execute. That, we'll turn the call over to the operator for questions.

27m 40s

Thank you. Ladies and gentlemen, we will now begin the question and answer session. Your first question comes from the line of Kyle Katarinsik of Janney.

28m 7s

28m 21s

So what drove the positive result there?

28m 25s

Yes, I think in Atlanta, we've had a little bit higher occupancy there.

28m 35s

You know, pulling up exactly what you're looking at.

28m 48s

29m 6s

30m 29s

31m 58s

Your next question comes from the line of Amit Hayek Kusani of Deutsche Bank. Please go ahead. Yes.

32m 13s

32m 49s

33m 51s

Great. Thank you. Thank you. There are no further questions at this time. With that, I will now turn the call back over to the next management team for final closing remarks.

34m 9s

All right. Thanks everyone for calling. Have a great day. Ladies and gentlemen, that concludes the conference call. We thank you for participating and ask that you please disconnect your lines.

Key Insights

NXRT reported a Q4 2024 net loss of $26.9 million, or $1.06 per diluted share, on total revenue of $63.8 million, compared to a net income of $18.4 million in Q4 2023. Full-year 2024 net income was $1.1 million, or $0.04 per diluted share, down from $44.3 million in 2023.
Same-store rental income for Q4 2024 increased by 90 basis points, with stable occupancy at 94.7%. However, same-store NOI decreased by 40 basis points due to a 2.2% increase in same-store expenses. For the full year, same-store NOI improved by 90 basis points, with notable growth in markets like Las Vegas (8.6%) and Orlando (6.6%).
NXRT provided initial 2025 guidance, projecting core FFO per diluted share between $2.56 and $2.83, with a midpoint of $2.70. Same-store NOI growth is expected to range from a 3.5% decline to a 0.5% increase, with a midpoint of a 1.5% decline.
The company completed significant refinancing activities in 2024, reducing its weighted average interest rate to 2.96% (adjusted for swaps) and extending its debt maturity schedule to seven years. NXRT has no meaningful debt maturities until 2027 and maintains $373 million in available liquidity heading into 2025.
NXRT plans to accelerate its value-add renovation program in 2025, targeting 425 full interior upgrades and 326 partial upgrades, with expected monthly rent premiums of $269 and $86, respectively. The company also anticipates completing 661 washer and dryer installations with a projected ROI of 64%.

NexPoint Residential Trust, Inc. Price & Performance (NXRT)

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