NexPoint Residential Trust Q1 2025 10-Q Filed
Ticker: NXRT · Form: 10-Q · Filed: 2025-05-02T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, real-estate, financing, interest-rates
TL;DR
NXRT Q1 2025 10-Q is in - watch SOFR impact on debt.
AI Summary
NexPoint Residential Trust, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial instruments and rates, such as the Secured Overnight Financing Rate (SOFR), are referenced, indicating potential impacts on interest expenses and financing costs for the company.
Why It Matters
This filing provides insight into NexPoint Residential Trust's financial health and operational status for the first quarter of 2025, which can influence investor decisions.
Risk Assessment
Risk Level: medium — The filing references interest rate swaps and SOFR, indicating exposure to interest rate fluctuations which can impact profitability.
Key Numbers
- Q1 2025 — Reporting Period (First quarter financial performance)
- 2025-03-31 — As of Date (End of the reporting period)
Key Players & Entities
- NexPoint Residential Trust, Inc. (company) — Filer of the 10-Q
- 20250331 (date) — Period of report
- 20250502 (date) — Filing date
- 300 Crescent Court, Suite 700, Dallas, TX 75201 (address) — Business and mailing address
- 471181359 (ein) — Employer Identification Number
- 001-36663 (sec_file_number) — SEC File Number
- Secured Overnight Financing Rate (SOFR) (financial_metric) — Referenced in relation to financing rates
- Interest Rate Swap (financial_instrument) — Mentioned in relation to financial reporting
- NexPoint Advisors (company) — Mentioned in relation to financial reporting
FAQ
What is the company's primary business activity?
NexPoint Residential Trust, Inc. is a real estate investment trust (REIT).
What is the fiscal year end for NexPoint Residential Trust?
The fiscal year end is December 31st.
What is the business address of NexPoint Residential Trust?
The business address is 300 Crescent Court, Suite 700, Dallas, TX 75201.
What financial metric related to financing is frequently referenced?
The Secured Overnight Financing Rate (SOFR) is referenced multiple times.
What type of financial instrument is mentioned in the filing?
Interest Rate Swaps are mentioned in the context of financial reporting.
From the Filing
0000950170-25-062150.txt : 20250502 0000950170-25-062150.hdr.sgml : 20250502 20250501183723 ACCESSION NUMBER: 0000950170-25-062150 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 74 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250502 DATE AS OF CHANGE: 20250501 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 EIN: 471181359 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36663 FILM NUMBER: 25904944 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-Q 1 nxrt-20250331.htm 10-Q 10-Q --12-31 false Q1 0001620393 http://nxrt.nexpoint.com/20250331#AverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20250331#AverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20250331#AverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20250331#AverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20250331#AdjustmentToAverageSecuredOvernightFinancingRateMember http://nxrt.nexpoint.com/20250331#AdjustmentToAverageSecuredOvernightFinancingRateMember http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense http://fasb.org/us-gaap/2024#InterestExpense 3 http://nxrt.nexpoint.com/20250331#ChiefInvestmentOfficerMember http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 0001620393 nxrt:NexPointResidentialTrustIncMember nxrt:CorporateCreditFacilityMember 2025-03-31 0001620393 us-gaap:InterestRateSwapMember 2025-01-01 2025-03-31 0001620393 nxrt:NexPointAdvisorsMember 2024-01-01 2024-03-31 0001620393 2022-10-24 0001620393 nxrt:NexPointResidentialTrustIncMember nxrt:CorporateCreditFacilityMember 2025-01-01 2025-03-31 0001620393 nxrt:ParcFiveHundredOneMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2025-03-31 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nxrt:TheVerandasAtLakeNormanMember 2025-01-01 2025-03-31 0001620393 nxrt:GrantYearSevenMember nxrt:DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember 2025-01-01 2025-03-31 0001620393 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001620393 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember nxrt:TheVerandasAtLakeNormanMember 2025-03-31 0001620393 nxrt:SelfInsuranceProgramMember 2024-01-01 2024-06-30 0001620393 us-gaap:SubsequentEventMember nxrt:TwoThousandAndTwentyFiveInsurancePolicyMember 2025-04-01 2025-04-30 0001620393 nxrt:MarchMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2024-01-01 2024-03-31 0001620393 nxrt:SixForksStationMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-03-31 0001620393 nxrt:NexpointCaptiveInsuranceCompanyIncMember 2023-07-06 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nxrt:ThePreserveAtTerrellMillMember 2025-01-01 2025-03-31 0001620393 nxrt:TheVenueOnCamelbackMember nxrt:DebtWithFloatingInterestRateMember us-gaap:MortgagesMember 2025-01-01 2025-03-31 0001620393 nxrt:TruistBankMember nxrt:InterestRateSwapTransactionFourMember 2025-01-01 2025-03-31 0001620393 nxrt:BHManagementServicesLLCMember 2024-01-01 2024-03-31 0001620393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001620393 nxrt:TwoThousandSixteenLongTermIncentivePlanMember 2025-03-31 0001620393 nxrt:CuttersPointMember us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember 2025-01-01 2025-03-31 0001620393 nxrt:TheEnclaveMember nxrt:DebtWithFloatingInterestRateMember us-gaap:MortgagesMember 2025-01-01 2025-03-31 0001620393 us-gaap:NondesignatedMember us-gaap:CashFlowHedgingMember nx