Latest Ratios: P/E Ratio -16.5x · EV/EBITDA 16.7x · ROE -8.9%. (2013–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $527M | $764M | $1.1B | $904M | $1.1B | $2.2B | $1.1B | $1.1B | $759M | $598M | $476M |
| Enterprise Value | $2.1B | $2.3B | $2.5B | $2.4B | $2.7B | $3.7B | $2.4B | $2.4B | $1.6B | $1.3B | $1.2B |
| P/E Ratio → | -16.46 | — | 987.00 | 20.37 | — | 94.19 | 24.32 | 11.17 | — | 11.22 | 21.69 |
| P/S Ratio | 2.10 | 3.04 | 4.22 | 3.26 | 4.22 | 9.85 | 5.21 | 6.11 | 5.18 | 4.15 | 3.58 |
| P/B Ratio | 1.75 | 2.54 | 2.63 | 1.81 | 2.12 | 4.54 | 2.60 | 2.58 | 2.54 | 2.47 | 1.86 |
| P/FCF | 6.31 | 9.14 | 14.89 | 9.36 | 14.09 | 29.47 | 18.66 | 21.55 | 18.19 | — | — |
| P/OCF | 6.31 | 9.14 | 14.89 | 9.36 | 14.09 | 29.47 | 18.66 | 21.55 | 18.19 | 15.94 | 14.10 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.19 | 9.77 | 8.53 | 10.22 | 16.71 | 11.66 | 13.49 | 10.67 | 9.32 | 8.74 |
| EV / EBITDA | 16.74 | 18.66 | 13.99 | 11.37 | 18.74 | 24.22 | 14.46 | 11.54 | 24.34 | 9.57 | 20.20 |
| EV / EBIT | 74.14 | 80.40 | 24.10 | 15.30 | 65.32 | 72.55 | 31.14 | 17.85 | 93.16 | 101.16 | 53.16 |
| EV / FCF | — | 27.61 | 34.47 | 24.52 | 34.10 | 50.02 | 41.74 | 47.56 | 37.47 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3% | 84.3% | 56.4% | 56.8% | 54.5% | 53.4% | 51.8% | 51.7% | 57.2% | 55.5% | 54.7% |
| Operating Margin | 11.1% | 11.1% | 32.2% | 40.8% | 17.5% | 29.4% | 40.4% | 78.8% | 11.5% | 63.5% | 16.4% |
| Net Profit Margin | -12.7% | -12.7% | 0.4% | 15.9% | -3.5% | 10.5% | 21.5% | 54.8% | -1.1% | 37.0% | 16.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.9% | -8.9% | 0.2% | 8.6% | -1.8% | 5.2% | 10.5% | 27.2% | -0.6% | 21.4% | 8.7% |
| ROA | -1.7% | -1.7% | 0.1% | 2.0% | -0.4% | 1.2% | 2.4% | 6.5% | -0.1% | 5.1% | 2.2% |
| ROIC | 1.1% | 1.1% | 3.3% | 4.2% | 1.7% | 2.6% | 3.5% | 7.5% | 1.2% | 6.9% | 1.7% |
| ROCE | 1.5% | 1.5% | 4.4% | 5.6% | 2.4% | 3.8% | 5.2% | 10.5% | 1.6% | 11.3% | 2.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.18 | 5.18 | 3.52 | 2.95 | 3.04 | 3.27 | 3.27 | 3.17 | 2.76 | 3.16 | 2.98 |
| Debt / EBITDA | 12.59 | 12.59 | 8.07 | 7.09 | 11.12 | 10.27 | 8.15 | 6.43 | 12.83 | 5.43 | 13.28 |
| Net Debt / Equity | — | 5.14 | 3.46 | 2.93 | 3.01 | 3.16 | 3.21 | 3.11 | 2.70 | 3.09 | 2.68 |
| Net Debt / EBITDA | 12.48 | 12.48 | 7.94 | 7.03 | 11.00 | 9.95 | 8.00 | 6.31 | 12.52 | 5.32 | 11.92 |
| Debt / FCF | — | 18.47 | 19.58 | 15.17 | 20.01 | 20.54 | 23.08 | 26.01 | 19.28 | — | — |
| Interest Coverage | 0.47 | 0.47 | 1.01 | 1.37 | 0.82 | 1.71 | 2.36 | 3.66 | 0.54 | 0.45 | 1.13 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.48 | 0.48 | 2.69 | 1.13 | 0.99 | 0.30 | 0.32 | 0.43 | 4.29 | 1.36 | 0.34 |
| Quick Ratio | 0.48 | 0.48 | 2.69 | 1.13 | 0.99 | 0.30 | 0.32 | 0.43 | 4.29 | 1.36 | 0.34 |
| Cash Ratio | 0.12 | 0.12 | 0.94 | 0.08 | 0.75 | 0.17 | 0.12 | 0.09 | 0.94 | 0.27 | 0.06 |
| Asset Turnover | — | 0.13 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.10 | 0.13 | 0.14 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.2% | 7.0% | 4.5% | 5.0% | 3.6% | 1.7% | 3.0% | 2.5% | 2.9% | 3.2% | 3.7% |
| Payout Ratio | — | — | 4441.8% | 101.2% | — | 155.4% | 73.4% | 28.3% | — | 36.1% | 81.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.1% | 4.9% | — | 1.1% | 4.1% | 9.0% | — | 8.9% | 4.6% |
| FCF Yield | 15.9% | 10.9% | 6.7% | 10.7% | 7.1% | 3.4% | 5.4% | 4.6% | 5.5% | — | — |
| Buyback Yield | 1.5% | 1.0% | 1.3% | 0.2% | 1.0% | 0.0% | 4.2% | 0.0% | 1.3% | 0.4% | 1.0% |
| Total Shareholder Yield | 11.6% | 8.0% | 5.8% | 5.1% | 4.6% | 1.7% | 7.2% | 2.5% | 4.2% | 3.6% | 4.7% |
| Shares Outstanding | — | $25M | $26M | $26M | $26M | $26M | $25M | $25M | $22M | $21M | $21M |
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying NXRT stock.
NexPoint Residential Trust, Inc.'s current P/E ratio is -16.5x. The historical average is 30.5x.
NexPoint Residential Trust, Inc.'s current EV/EBITDA is 16.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.0x.
NexPoint Residential Trust, Inc.'s return on equity (ROE) is -8.9%. The historical average is 3.8%.
Based on historical data, NexPoint Residential Trust, Inc. is trading at a P/E of -16.5x. Compare with industry peers and growth rates for a complete picture.
NexPoint Residential Trust, Inc.'s current dividend yield is 10.16%.
NexPoint Residential Trust, Inc. has 84.3% gross margin and 11.1% operating margin. Operating margin between 10-20% is typical for established companies.
NexPoint Residential Trust, Inc.'s Debt/EBITDA ratio is 12.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Negative AFFO threatens dividend
Metrics are mathematically derived from official filings.
Valuation Discount Reflects Balance Sheet Risk
NXRT trades at a P/FFO of 9.92x, a significant discount to its historical average above 15x, suggesting the market is pricing in the severe balance sheet deterioration and negative AFFO reported in recent quarters.
The compressed P/FFO multiple appears to be a direct reflection of the balance sheet's structural weakness, with the debt-to-equity ratio surging to 6.29x. This valuation discount may indicate that investors are demanding a higher risk premium for the equity's subordination to a large, fixed-income claim. The implied cap rate, derived from the NOI margin and enterprise value, warrants investigation to see if it offers a sufficient spread over the company's elevated cost of debt.
NOI Margin Volatility Obscures Core Trends
NXRT's NOI margin has swung wildly from 56.4% to 136.3% over the past ten quarters, with the 2025Q4 peak of 136.3% suggesting significant non-recurring items that distort the underlying property-level profitability trend.
The extreme volatility in reported NOI margin makes it difficult to assess the true operational efficiency of the residential portfolio. While the most recent 82.6% margin is more normalized, the pattern suggests that FFO growth may be influenced by accounting adjustments rather than purely organic rent growth. Investors should monitor same-store NOI growth to gauge whether the recent positive revenue trend is translating into sustainable property-level cash flow.
Dividend Unsustainable on an AFFO Basis
The reported negative AFFO of -$0.05 per share in 2026Q2, as per the provided data, means the dividend is not covered by true distributable cash flow, forcing the company to fund the payout from external sources or balance sheet cash.
The FFO payout ratio of 89.7% appears manageable in isolation, but this metric is misleading because it ignores the substantial recurring capital expenditures that pushed AFFO negative. The dividend's sustainability is therefore highly questionable, as it relies on the company's ability to continuously access capital markets or draw down its dwindling cash reserves, which fell to just $14.6M. This dynamic represents a significant risk to equity holders.
Leverage Escalation Erodes Financial Flexibility
NXRT's debt-to-equity ratio has ballooned to 6.29x from 2.81x just two years prior, driven by a 52% contraction in total equity, which severely constrains the company's strategic and financial flexibility.
The rapid increase in leverage is not a result of asset growth but rather equity erosion from accumulated losses, fundamentally weakening the balance sheet's integrity. With interest coverage at a minimal 0.39x, the company's operating income is insufficient to cover its interest obligations, indicating a high degree of financial risk. This leverage profile suggests that NXRT has limited capacity to fund acquisitions or weather operational downturns without resorting to dilutive equity issuances.
Operational Recovery Masked by Financial Strain
While revenue growth has stabilized at 5.5% year-over-year, suggesting an operational bottom has been reached, the benefits are being consumed by the company's high fixed-cost debt structure and recurring capital expenditure needs.
The transition from negative to positive revenue growth implies that occupancy and rent trends in the multifamily portfolio are improving. However, this operational recovery is not yet translating into positive AFFO, indicating that the cost structure—particularly the interest burden on $1.6B of debt—is overwhelming the property-level cash flow. The company's ability to convert top-line growth into distributable cash flow is the critical metric to watch.
The Misleading Safety of the P/E Ratio
The standard P/E ratio is deeply misleading for NXRT, as the negative earnings are driven by massive non-cash depreciation charges that obscure the positive underlying cash flow from operations.
NXRT's negative P/E of -18.69x is a function of GAAP net losses, which are heavily distorted by depreciation on real estate assets. This metric incorrectly suggests the company has no earnings power, whereas FFO per share is positive at $0.60. The correct analytical lens is the P/FFO ratio, which adds back depreciation to reflect the cash-generating capacity of the property portfolio. Relying on P/E would lead to a fundamental mispricing of the REIT's operating performance.