NexPoint Residential Trust (NXRT) Q2 FY26 earnings call

NexPoint Residential Trust revised its full-year FFO guidance downward, primarily due to increased interest expense from expiring swap positions and a slower same-store revenue rebound, particularly in Nashville. Despite these headwinds, the company reported improving leasing trends with positive blended tradeouts in July and strong expense management across the portfolio. Management anticipates a "clean inflection" in new lease pricing by late 2026 into 2027, driven by a favorable supply-demand backdrop in Sunbelt markets.