NexPoint Residential Trust, Inc. reported a net loss of $7.061 million for the second quarter ended June 30, 2025, compared to net income of $10.638 million in Q2 2024. Total revenues for the quarter were $63.1 million, a decrease from $64.2 million in the prior year period.
The company's Funds From Operations (FFO) per diluted share was $0.67, an increase from $0.62 in Q2 2024. Core FFO per diluted share was $0.71, compared to $0.69 in Q2 2024, while Same Store Net Operating Income (NOI) decreased by 2.6% year-over-year.
NXRT affirmed its full year 2025 Core FFO guidance at a midpoint of $2.75 per diluted share and its Same Store NOI guidance at a midpoint of negative 1.5%. The company also reported entering a new five-year $100 million SOFR swap in April 2025 at a fixed rate of 3.489%, managing interest rate risk.
Additionally, NXRT disclosed that it repurchased 223,109 shares for approximately $7.7 million during the first half of 2025. These shares were bought at an average price of $34.29 per share, reflecting a strategy to capitalize on the discount to the company's Net Asset Value.
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