NexPoint Residential Reports Q3 2026 Earnings Miss and Lowers Full-Year Guidance
NexPoint Residential (NXRT) reported third-quarter results that fell short of analyst expectations, highlighted by a Core FFO of $0.52 per diluted share—a $0.07 miss compared to consensus and a significant decline from the prior year's $0.70. While total revenue rose slightly to $64.5 million due to new property additions, Same Store NOI dropped 8.2% as operating expenses surged by over 11%. Management has lowered its full-year Core FFO guidance midpoint to $2.22 from $2.45 per share, citing headwinds from lower same-store revenue and rising costs. The company is also facing challenges with occupancy, which fell to 92.9%, trailing submarket averages. Increased interest expenses following the expiration of rate swaps and higher marketing spend to drive leasing traffic have further pressured margins.
Tickers: $NXRT
Topics: earnings miss FFO decline guidance downgrade operating expenses revenue growth
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Part of the story NexPoint Residential Trust FFO of $0.52 in-line, revenue of $64.5M misses by $0.37M (5 articles)