Latest Ratios: P/E Ratio -11.2x · EV/EBITDA 16.0x · 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 | $413M | $764M | $1.1B | $904M | $1.1B | $2.2B | $1.1B | $1.1B | $759M | $598M | $476M |
| Enterprise Value | $2.0B | $2.3B | $2.5B | $2.4B | $2.7B | $3.7B | $2.4B | $2.4B | $1.6B | $1.3B | $1.2B |
| P/E Ratio → | -11.18 | — | 987.00 | 20.37 | — | 94.19 | 24.32 | 11.17 | — | 11.22 | 21.69 |
| P/S Ratio | 1.61 | 3.04 | 4.22 | 3.26 | 4.22 | 9.85 | 5.21 | 6.11 | 5.18 | 4.15 | 3.58 |
| P/B Ratio | 1.37 | 2.54 | 2.63 | 1.81 | 2.12 | 4.54 | 2.60 | 2.58 | 2.54 | 2.47 | 1.86 |
| P/FCF | 7.16 | 9.14 | 14.89 | 9.36 | 14.09 | 29.47 | 18.66 | 21.55 | 18.19 | — | — |
| P/OCF | 4.94 | 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 | 16.03 | 18.66 | 13.99 | 11.37 | 18.74 | 24.22 | 14.46 | 11.54 | 24.34 | 9.57 | 20.20 |
| EV / EBIT | 70.06 | 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 | 13.0% | 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 | 14.0% | 10.9% | 6.7% | 10.7% | 7.1% | 3.4% | 5.4% | 4.6% | 5.5% | — | — |
| Buyback Yield | 1.9% | 1.0% | 1.3% | 0.2% | 1.0% | 0.0% | 4.2% | 0.0% | 1.3% | 0.4% | 1.0% |
| Total Shareholder Yield | 14.8% | 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 -11.2x. The historical average is 30.5x.
NexPoint Residential Trust, Inc.'s current EV/EBITDA is 16.0x. 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 -11.2x. Compare with industry peers and growth rates for a complete picture.
NexPoint Residential Trust, Inc.'s current dividend yield is 12.96%.
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
Equity erosion and thin coverage
Metrics are mathematically derived from official filings.
Discount to Book Masks Earnings Fragility
Based on reported figures, NXRT trades at 1.37 times book and 16.26 dollars per share, yet trailing P/E of -12.90 and no meaningful P/FFO leave earnings-based valuation unanchored, so the apparent value rests on asset backing rather than cash earnings. Investors should monitor this gap.
The price-to-book of 1.37 is elevated relative to a balance sheet whose book equity has contracted sharply, which suggests the market is pricing recovery rather than current returns. With FFO per share falling to 0.46 in the latest quarter, the implied P/FFO near 9 times is a function of a shrinking earnings base, so the multiple may appear cheap while the denominator is deteriorating. Warrants further investigation into whether the book value reflects realizable property values.
FFO Erosion Overrides Volatile NOI Margins
As reported in quarterly filings, NXRT's FFO per share declined from 0.69 to 0.46 over the recent window while NOI margins swung between negative 14.4 percent and 136.3 percent, making the margin series unreliable as a read on operating performance.
Margins this volatile suggest reporting or classification effects rather than underlying property economics, so the more reliable signal is the steady decline in FFO per share. The erosion of FFO alongside a flat revenue base points toward cost pressure or rising interest burden absorbing residential rent growth. Investors should treat the positive quarters as potential outliers rather than a recovery trend.
Payout Ratios Leave Little Margin for Error
Based on reported figures, the FFO payout ratio reached 101.4 percent in 2025Q4 and 89.7 percent in 2026Q2, while AFFO coverage was thin, leaving the 13.0 percent dividend yield dependent on sustained cash generation that recent quarters do not clearly demonstrate.
A payout ratio near or above 100 percent means distributions consume all reported FFO, leaving no retained cash to fund capital needs or absorb a downturn. The high yield at 13.0 percent likely reflects the depressed share price more than income strength, which suggests the market is pricing a meaningful risk of distribution reduction. Investors should monitor quarterly AFFO coverage closely before relying on the current distribution level.
Coverage Collapse Amid Rising Debt Ratios
According to reported figures, NXRT's debt-to-equity rose from 2.93 to 6.95 while interest coverage fell below 0.4 times in recent quarters, indicating operating income is insufficient to service the roughly 1.6 billion dollars of total debt from current earnings.
The rise in leverage stems largely from book equity erosion rather than debt growth, since total debt held near 1.5 to 1.6 billion dollars throughout the period. Coverage below 1.0 times suggests interest obligations exceed reported operating earnings, which warrants further investigation into refinancing terms and maturity concentration. Debt-to-equity is a misleading measure for a REIT here, and debt-to-gross-assets would give a more reliable read on capital structure.
Debt-to-Equity Misreads the Real Estate Balance Sheet
The ratio most commonly misapplied to NXRT is debt-to-equity using depressed book value, which, based on reported figures, inflates leverage to 6.95 times and obscures the underlying real estate asset base that a gross-asset measure would capture.
Because depreciation has reduced book equity while property values may not have fallen to the same degree, debt-to-equity overstates risk relative to debt-to-gross-assets or debt-to-enterprise-value. A better adjustment would use gross asset value at appraised or private-transaction cap rates, paired with interest coverage on NOI rather than net income. The reported NOI volatility, however, means any alternative metric still depends on data quality that warrants scrutiny.