NexPoint Residential Trust Files 2024 10-K
Ticker: NXRT · Form: 10-K · Filed: 2025-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, REIT, real estate
TL;DR
NXRT filed its 2024 10-K. REIT operations look solid.
AI Summary
NexPoint Residential Trust, Inc. filed its 2024 10-K on February 26, 2025, reporting on its fiscal year ending December 31, 2024. The filing details its real estate investment trust operations, including its portfolio of multifamily properties. Key financial information and operational highlights for the year are presented within this comprehensive annual report.
Why It Matters
This filing provides investors and analysts with a detailed overview of NexPoint Residential Trust's financial performance and strategic positioning for the fiscal year 2024, crucial for understanding its current market standing and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 2023-12-31 — Prior Year End (Comparison point for financial data)
Key Players & Entities
- NexPoint Residential Trust, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-26 (date) — Filing date
- 001-36663 (dollar_amount) — SEC File Number
- 300 Crescent Court, Suite 700, Dallas, TX 75201 (company) — Business and mailing address
FAQ
What is the primary business of NexPoint Residential Trust, Inc. as detailed in this 10-K?
NexPoint Residential Trust, Inc. operates as a Real Estate Investment Trust (REIT) focused on acquiring, owning, and managing multifamily properties.
When did NexPoint Residential Trust, Inc. file its 10-K for the fiscal year ending December 31, 2024?
The company filed its 10-K on February 26, 2025.
What is the Central Index Key (CIK) for NexPoint Residential Trust, Inc.?
The CIK for NexPoint Residential Trust, Inc. is 0001620393.
What is the SIC code associated with NexPoint Residential Trust, Inc.?
The Standard Industrial Classification (SIC) code for NexPoint Residential Trust, Inc. is 6798, which corresponds to Real Estate Investment Trusts.
Where is NexPoint Residential Trust, Inc. headquartered?
NexPoint Residential Trust, Inc. is headquartered at 300 Crescent Court, Suite 700, Dallas, TX 75201.
From the Filing
0000950170-25-027741.txt : 20250226 0000950170-25-027741.hdr.sgml : 20250226 20250226161117 ACCESSION NUMBER: 0000950170-25-027741 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 93 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NexPoint Residential Trust, Inc. CENTRAL INDEX KEY: 0001620393 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 471181359 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36663 FILM NUMBER: 25670139 BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-276-6300 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 700 CITY: DALLAS STATE: TX ZIP: 75201 10-K 1 nxrt-20241231.htm 10-K 10-K --12-31 FY 0001620393 false http://fasb.org/us-gaap/2024#LandMember http://nxrt.nexpoint.com/20241231#AverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20241231#AverageSecuredOvernightFinancingRateMember 4 3 http://nxrt.nexpoint.com/20241231#AdjustmentToAverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20241231#AdjustmentToAverageSecuredOvernightFinancingRateMember http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense three year 0001620393 us-gaap:BuildingImprovementsMember nxrt:OperatingPropertiesMember srt:MultifamilyMember 2023-12-31 0001620393 nxrt:SelfInsuranceProgramMember 2023-12-31 0001620393 nxrt:NashvilleTennesseeMember nxrt:ArborsOfBrentwoodMember 2024-01-01 2024-12-31 0001620393 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember nxrt:TheVerandasAtLakeNormanMember 2024-12-31 0001620393 2025-02-26 0001620393 nxrt:DebtWithFloatingInterestRateMember us-gaap:MortgagesMember nxrt:TorreyanaApartmentsMember 2023-01-01 2023-12-31 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nxrt:MaderaPointOneMember 2024-01-01 2024-12-31 0001620393 nxrt:TheEnclaveOneMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2024-01-01 2024-12-31 0001620393 nxrt:NexPointAdvisorsMember 2023-01-01 2023-12-31 0001620393 nxrt:NexPointResidentialTrustOperatingPartnershipLPMember 2024-01-01 2024-12-31 0001620393 nxrt:CuttersPointMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2024-12-31 0001620393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001620393 nxrt:BellaSolaraMember nxrt:LasVegasNVMember 2024-12-31 0001620393 nxrt:TheAdairOneMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2024-01-01 2024-12-31 0001620393 us-gaap:RestrictedStockUnitsRSUMember 2023-12-31 0001620393 us-gaap:InterestRateCapMember 2024-01-01 2024-12-31 0001620393 nxrt:HighHouseAtCaryMember nxrt:DebtWithFloatingInterestRateMember us-gaap:MortgagesMember 2023-12-31 0001620393 nxrt:DebtWithFixedInterestRateMember us-gaap:MortgagesMember nxrt:ResidencesAtWestPlaceMember 2023-12-31 0001620393 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember nxrt:FairMarketValueOfInterestRateSwapsMember 2024-12-31 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nxrt:HighHouseAtCaryOneMember 2024-01-01 2024-12-31 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nxrt:BrandywineOneAndTwoMember 2024-01-01 2024-12-31 0001620393 nxrt:NexPointResidentialTrustIncMember nxrt:CorporateCreditFacilityMember 2021-06-01 2021-06-30 0001620393 nxrt:DebtWithFloatingInterestRateMember us-gaap:MortgagesMember nxrt:ArborsOnForestRidgeMember 2023-01-01 2023-12-31 0001620393 nxrt:NLMFHoldcoLLCMember 2024-12-31 0001620393 nxrt:VenueAtEightSixFiveOneMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2024-01-01 2024-12-31 0001620393 nxrt:CornerstoneM