$NXRT
NexPoint Residential Trust, Inc.

2019 Q4 Form 10-K Financial Statement

#000156459020005798 Filed on February 21, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $49.68M $39.39M $146.6M
YoY Change 26.11% 12.82% 1.66%
Cost Of Revenue $3.340M $3.070M $11.90M
YoY Change 8.79% 4.78% 1.71%
Gross Profit $46.34M $36.33M $134.7M
YoY Change 27.55% 13.57% 1.66%
Gross Profit Margin 93.28% 92.23% 91.88%
Selling, General & Admin $22.59M $19.44M $70.50M
YoY Change 16.2% 19.04% 0.14%
% of Gross Profit 48.75% 53.51% 52.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.40M $13.83M $45.00M
YoY Change 69.2% 7.38% 12.78%
% of Gross Profit 50.5% 38.07% 33.41%
Operating Expenses $45.98M $33.27M $117.9M
YoY Change 38.2% 13.9% -1.17%
Operating Profit $360.0K $3.060M $16.79M
YoY Change -88.24% 10.07% 26.36%
Interest Expense -$10.75M -$7.830M $28.57M
YoY Change 37.29% 10.28% -3.39%
% of Operating Profit -2986.11% -255.88% 170.15%
Other Income/Expense, Net $590.0K
YoY Change
Pretax Income -$13.31M -$4.780M -$1.600M
YoY Change 178.45% 10.14% -102.84%
Income Tax
% Of Pretax Income
Net Earnings -$13.27M -$4.767M -$1.609M
YoY Change 178.29% 10.09% -103.01%
Net Earnings / Revenue -26.71% -12.1% -1.1%
Basic Earnings Per Share -$0.53 -$0.21 -$0.08
Diluted Earnings Per Share -$0.53 -$0.21 -$0.08
COMMON SHARES
Basic Shares Outstanding 25.03M 21.19M
Diluted Shares Outstanding 21.67M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.70M $19.90M $19.90M
YoY Change 29.15% 24.38% 24.38%
Cash & Equivalents $25.67M $19.86M $19.90M
Short-Term Investments
Other Short-Term Assets $2.300M $9.100M $9.100M
YoY Change -74.73% 468.75% 468.75%
Inventory
Prepaid Expenses
Receivables $6.300M $3.300M $3.300M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.30M $32.30M $32.30M
YoY Change 6.19% 57.56% 57.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.782B $1.088B $1.088B
YoY Change 63.84% 9.72% 9.72%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.50M $23.30M $23.30M
YoY Change 95.28% -14.34% -14.34%
Total Long-Term Assets $1.832B $1.129B $1.129B
YoY Change 62.25% 9.09% 9.08%
TOTAL ASSETS
Total Short-Term Assets $34.30M $32.30M $32.30M
Total Long-Term Assets $1.832B $1.129B $1.129B
Total Assets $1.866B $1.161B $1.161B
YoY Change 60.69% 10.03% 10.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.00M $5.800M $5.800M
YoY Change 106.9% -6.45% -6.45%
Accrued Expenses $3.700M $2.900M $2.900M
YoY Change 27.59% 38.1% 38.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.90M $21.30M $21.30M
YoY Change 30.99% 18.33% 18.33%
LONG-TERM LIABILITIES
Long-Term Debt $1.403B $838.0M $838.0M
YoY Change 67.42% 5.7% 5.7%
Other Long-Term Liabilities $5.500M $3.400M $3.400M
YoY Change 61.76% 13.33% 13.33%
Total Long-Term Liabilities $1.409B $841.4M $841.4M
YoY Change 67.4% 5.73% 5.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.90M $21.30M $21.30M
Total Long-Term Liabilities $1.409B $841.4M $841.4M
Total Liabilities $1.436B $862.6M $865.2M
YoY Change 66.52% 6.0% 6.04%
SHAREHOLDERS EQUITY
Retained Earnings $63.78M -$6.764M
YoY Change -1042.87% -135.07%
Common Stock $360.0M $285.7M
YoY Change 25.99% 38.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $0.00 $0.00
Shareholders Equity $426.2M $296.0M $296.0M
YoY Change
Total Liabilities & Shareholders Equity $1.866B $1.161B $1.161B
YoY Change 60.69% 10.03% 10.02%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income -$13.27M -$4.767M -$1.609M
YoY Change 178.29% 10.09% -103.01%
Depreciation, Depletion And Amortization $23.40M $13.83M $45.00M
YoY Change 69.2% 7.38% 12.78%
Cash From Operating Activities $12.43M $11.29M $41.74M
YoY Change 10.1% 12.79% 11.3%
INVESTING ACTIVITIES
Capital Expenditures -$258.0M -$5.310M -$158.9M
YoY Change 4758.57% -92.05% -28.47%
Acquisitions
YoY Change
Other Investing Activities $1.880M -$7.650M $21.90M
YoY Change -124.58% -610.0% -90.24%
Cash From Investing Activities -$256.1M -$12.97M -$135.2M
YoY Change 1874.56% -80.14% -2791.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $89.20M -$75.11M
YoY Change -3184.6%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 253.4M -770.0K 93.39M
YoY Change -33007.79% -96.73% -271.21%
NET CHANGE
Cash From Operating Activities 12.43M 11.29M 41.74M
Cash From Investing Activities -256.1M -12.97M -135.2M
Cash From Financing Activities 253.4M -770.0K 93.39M
Net Change In Cash 9.720M -2.450M -119.0K
YoY Change -496.73% -96.89% -99.01%
FREE CASH FLOW
Cash From Operating Activities $12.43M $11.29M $41.74M
Capital Expenditures -$258.0M -$5.310M -$158.9M
Free Cash Flow $270.4M $16.60M $200.6M
YoY Change 1529.04% -78.39% -22.73%

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NetCashProvidedByUsedInInvestingActivities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-135248000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2018 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
232252000
CY2017 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
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CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
255000000
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
55000000
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25000000
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
37000000
CY2018 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
85000000
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
310000000
CY2018 nxrt Proceeds From Bridge Loan
ProceedsFromBridgeLoan
30000000
CY2017 nxrt Proceeds From Bridge Loan
ProceedsFromBridgeLoan
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CY2018 nxrt Repayments Of Bridge Loan
RepaymentsOfBridgeLoan
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CY2017 nxrt Repayments Of Bridge Loan
RepaymentsOfBridgeLoan
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CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5120000
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
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CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1706000
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2701000
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
84782000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
69874000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
751000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9672000
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19258000
CY2017 nxrt Payments To Redeemable Noncontrolling Interests
PaymentsToRedeemableNoncontrollingInterests
69000
CY2017 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
38000
CY2017 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4789000
CY2017 nxrt Payments To Noncontrolling Interests
PaymentsToNoncontrollingInterests
51840000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
529816000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28053000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-119000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71182000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
41053000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
30261000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
25467000
CY2017 nxrt Noncash Or Part Noncash Acquisition For Operating Partnership Unit Of Joint Venture Interest Acquired
NoncashOrPartNoncashAcquisitionForOperatingPartnershipUnitOfJointVentureInterestAcquired
2000000
CY2019 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
3776000
CY2018 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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1715000
CY2017 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
2263000
CY2019 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-14625000
CY2018 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
1931000
CY2017 us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
4568000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
758000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
76000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
325000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
6608000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
1382000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
849000
CY2019 nxrt Noncash Or Part Noncash Fair Market Value Adjustment Of Assumed Debt
NoncashOrPartNoncashFairMarketValueAdjustmentOfAssumedDebt
980000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
70486000
CY2019 nxrt Non Cash Or Part Non Cash Write Off Of Assets Due To Casualty Losses
NonCashOrPartNonCashWriteOffOfAssetsDueToCasualtyLosses
7838000
CY2019 nxrt Non Cash Or Part Non Cash Write Off Of Fully Amortized In Place Leases
NonCashOrPartNonCashWriteOffOfFullyAmortizedInPlaceLeases
8181000
CY2018 nxrt Non Cash Or Part Non Cash Write Off Of Fully Amortized In Place Leases
NonCashOrPartNonCashWriteOffOfFullyAmortizedInPlaceLeases
1340000
CY2017 nxrt Non Cash Or Part Non Cash Write Off Of Fully Amortized In Place Leases
NonCashOrPartNonCashWriteOffOfFullyAmortizedInPlaceLeases
9093000
CY2019 nxrt Non Cash Or Part Non Cash Write Off Of Deferred Financing Costs
NonCashOrPartNonCashWriteOffOfDeferredFinancingCosts
1419000
CY2018 nxrt Non Cash Or Part Non Cash Write Off Of Deferred Financing Costs
NonCashOrPartNonCashWriteOffOfDeferredFinancingCosts
1412000
CY2017 nxrt Non Cash Or Part Non Cash Write Off Of Deferred Financing Costs
NonCashOrPartNonCashWriteOffOfDeferredFinancingCosts
1003000
CY2019 nxrt Increase In Dividends Payable Upon Vesting Of Restricted Stock Units
IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits
173000
CY2018 nxrt Increase In Dividends Payable Upon Vesting Of Restricted Stock Units
IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits
336000
CY2017 nxrt Increase In Dividends Payable Upon Vesting Of Restricted Stock Units
IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits
244000
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain reclassifications have been made to conform the prior period consolidated financial statements and notes to the current period presentation due to the adoption of the new accounting standards. </p>
CY2019 dei Entity Incorporation Date Of Incorporation
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2014-09-19
CY2019Q4 us-gaap Units Of Partnership Interest Amount
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CY2019Q4 nxrt Limited Partner Units Owned
LimitedPartnerUnitsOwned
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CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
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CY2018 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
127964000
CY2017 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
125024000
CY2019 nxrt Lessor Operating Leases Utility Reimbursements
LessorOperatingLeasesUtilityReimbursements
10906000
CY2018 nxrt Lessor Operating Leases Utility Reimbursements
LessorOperatingLeasesUtilityReimbursements
9835000
CY2017 nxrt Lessor Operating Leases Utility Reimbursements
LessorOperatingLeasesUtilityReimbursements
10514000
CY2019 nxrt Lessor Operating Leases Late Fees
LessorOperatingLeasesLateFees
1622000
CY2018 nxrt Lessor Operating Leases Late Fees
LessorOperatingLeasesLateFees
1443000
CY2017 nxrt Lessor Operating Leases Late Fees
LessorOperatingLeasesLateFees
1597000
CY2019 nxrt Lessor Operating Leases Pet Fees
LessorOperatingLeasesPetFees
816000
CY2018 nxrt Lessor Operating Leases Pet Fees
LessorOperatingLeasesPetFees
618000
CY2017 nxrt Lessor Operating Leases Pet Fees
LessorOperatingLeasesPetFees
582000
CY2019 nxrt Lessor Operating Leases Other Fees
LessorOperatingLeasesOtherFees
5651000
CY2018 nxrt Lessor Operating Leases Other Fees
LessorOperatingLeasesOtherFees
3298000
CY2017 nxrt Lessor Operating Leases Other Fees
LessorOperatingLeasesOtherFees
3165000
CY2019 nxrt Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
3
CY2019 nxrt Minimum Percentage Of Distributed Taxable Income To Qualify As Reit
MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT
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CY2019 nxrt Percentage Of Non Deductible Excise Tax On Distribution
PercentageOfNonDeductibleExciseTaxOnDistribution
0.04
CY2019 nxrt Percentage Of Ordinary Income Considered For Payment Of Distribution
PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution
0.85
CY2019 nxrt Percentage Of Capital Gain Net Income Considered For Payment Of Distribution
PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution
0.95
CY2019 nxrt Percentage Of Undistributed Income Of Prior Considered For Payment Of Distribution
PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution
1.00
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0
CY2019Q4 nxrt Ownership Percentage Of Wholly Owned Subsidiary
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1.00
CY2019 nxrt Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
40
CY2019Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
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CY2019Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
14920
CY2019 us-gaap Depreciation
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CY2018 us-gaap Depreciation
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CY2019 us-gaap Amortization Of Leased Asset
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CY2018 us-gaap Amortization Of Leased Asset
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2468000
CY2017 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
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CY2018 nxrt Number Of Properties Acquired
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CY2019 nxrt Number Of Properties Acquired
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11
CY2018 us-gaap Business Combination Consideration Transferred1
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CY2019 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
493635000
CY2019 nxrt Number Of Units In Real Estate Property Acquired
NumberOfUnitsInRealEstatePropertyAcquired
4583
CY2018 nxrt Number Of Properties Sold
NumberOfPropertiesSold
1
CY2018Q4 nxrt Sales Price Of Property Held For Sale
SalesPriceOfPropertyHeldForSale
30000000
CY2019 nxrt Sales Price Of Real Estate Property Sold During Period
SalesPriceOfRealEstatePropertySoldDuringPeriod
289875000
CY2019 us-gaap Gain On Business Interruption Insurance Recovery
GainOnBusinessInterruptionInsuranceRecovery
600000
CY2019Q4 nxrt Real Estate Investments Capitalized Costs
RealEstateInvestmentsCapitalizedCosts
200000
CY2019Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
2494000
CY2017Q4 nxrt Number Of Properties Sold
NumberOfPropertiesSold
4
CY2019 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1400000
CY2018 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1400000
CY2017 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1000000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1006000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
219153000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
13989000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21155000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
453054000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
703171000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
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CY2019Q4 us-gaap Derivative Average Cap Interest Rate
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CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
7298000
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
18151000
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3824000
CY2017 nxrt Other Comprehensive Income Loss Reclassification Adjustments From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentsFromAOCIOnDerivativesNetOfTax
185000
CY2019 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2017Q1 nxrt Common Stock Maximum Proposed Offering Price
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CY2018Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2018Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
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CY2018Q4 nxrt Limited Partner Units Issued
LimitedPartnerUnitsIssued
2702500
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
CY2016Q2 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2018-06-15
CY2016Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
40000000
CY2018Q2 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2020-06-15
CY2018Q2 us-gaap Stock Repurchase Program Period In Force1
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P2Y
CY2019 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0
CY2018 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
0
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3100000
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock
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CY2019Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2019Q1 us-gaap Sale Of Stock Price Per Share
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45.98
CY2019Q1 us-gaap Sales Commissions And Fees
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1079601
CY2019Q1 us-gaap Deferred Offering Costs
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CY2019Q1 nxrt Net Proceeds Form Sale Of Common Stock
NetProceedsFormSaleOfCommonStock
69874054
CY2019Q1 nxrt Shares Issued Average Price Per Share
SharesIssuedAveragePricePerShare
44.64
CY2019 nxrt Conversion Ratio Of Operating Partnership Unit To Common Stock
ConversionRatioOfOperatingPartnershipUnitToCommonStock
1.00
CY2019 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
298000
CY2018 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
-5000
CY2017 nxrt Net Income Loss Attributable To Redeemable Noncontrolling Interests
NetIncomeLossAttributableToRedeemableNoncontrollingInterests
149000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
99140000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1609000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
53374000
CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
477000
CY2018 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
478000
CY2017 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
342000
CY2017Q3 nxrt Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders Per Share
CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare
27.31
CY2017Q2 nxrt Amount Used For Calculation Of Op Units Of Net Asset Value
AmountUsedForCalculationOfOPUnitsOfNetAssetValue
2000000
CY2019 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
298000
CY2019 nxrt Temporary Equity Other Comprehensive Loss Attributable To Redeemable Noncontrolling Interests In Operating Partnership
TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership
44000
CY2019 nxrt Contributions From Redeemable Noncontrolling Interests On Operating Partnership
ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership
140000
CY2019 nxrt Distributions To Redeemable Noncontrolling Interests On Operating Partnership
DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership
47000
CY2019Q1 us-gaap Revenues
Revenues
41491000
CY2019Q2 us-gaap Revenues
Revenues
43066000
CY2019Q3 us-gaap Revenues
Revenues
46833000
CY2019Q4 us-gaap Revenues
Revenues
49676000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q2 us-gaap Profit Loss
ProfitLoss
-1987000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
119104000
CY2019Q4 us-gaap Profit Loss
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-13306000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-4360000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-1981000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q4 us-gaap Net Income Loss
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CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.93
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.84
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2018Q1 us-gaap Revenues
Revenues
35057000
CY2018Q2 us-gaap Revenues
Revenues
35655000
CY2018Q3 us-gaap Revenues
Revenues
36495000
CY2018Q4 us-gaap Revenues
Revenues
39390000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
10094000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
-5260000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
-4782000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
10064000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-1661000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2017Q1 us-gaap Revenues
Revenues
36991000
CY2017Q2 us-gaap Revenues
Revenues
35234000
CY2017Q3 us-gaap Revenues
Revenues
37097000
CY2017Q4 us-gaap Revenues
Revenues
34913000
CY2017Q1 us-gaap Profit Loss
ProfitLoss
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CY2017Q2 us-gaap Profit Loss
ProfitLoss
9930000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
54076000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
-4343000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
-3616000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
7406000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
53914000
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.56
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.53
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2019Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
1193528000
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
331595000
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
1524723000
CY2019Q4 nxrt Real Estate And Accumulated Depreciation Initial Cost
RealEstateAndAccumulatedDepreciationInitialCost
1856318000
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
108483000
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
331596000
CY2019Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1610625000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1942221000
CY2019Q4 nxrt Real Estate Accumulated Depreciation And Amortization
RealEstateAccumulatedDepreciationAndAmortization
160411000
CY2019Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
1800000000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1222563000
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1082805000
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1029349000
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
882313000
CY2018 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
131679000
CY2017 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
198173000
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
47739000
CY2018 us-gaap Real Estate Improvements
RealEstateImprovements
28809000
CY2017 us-gaap Real Estate Improvements
RealEstateImprovements
25748000
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
191203000
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
18311000
CY2017 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
160250000
CY2019 nxrt Real Estate Write Off Of Fully Amortized Assets And Other
RealEstateWriteOffOfFullyAmortizedAssetsAndOther
19191000
CY2018 nxrt Real Estate Write Off Of Fully Amortized Assets And Other
RealEstateWriteOffOfFullyAmortizedAssetsAndOther
2419000
CY2017 nxrt Real Estate Write Off Of Fully Amortized Assets And Other
RealEstateWriteOffOfFullyAmortizedAssetsAndOther
10215000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
135021000
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
91649000
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
66312000
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
56360000
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
45002000
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
39812000
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
32408000
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2500000
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
14199000
CY2019 nxrt Real Estate Accumulated Depreciation Write Off Of Fully Amortized Assets And Other
RealEstateAccumulatedDepreciationWriteOffOfFullyAmortizedAssetsAndOther
11288000
CY2018 nxrt Real Estate Accumulated Depreciation Write Off Of Fully Amortized Assets And Other
RealEstateAccumulatedDepreciationWriteOffOfFullyAmortizedAssetsAndOther
1598000
CY2017 nxrt Real Estate Accumulated Depreciation Write Off Of Fully Amortized Assets And Other
RealEstateAccumulatedDepreciationWriteOffOfFullyAmortizedAssetsAndOther
9216000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
160411000

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