Nexpoint Residential Trust, Inc. · NYSE:NXRT

Nexpoint Residential Trust — Q1 2023 Earnings Presentation

15 slides from Nexpoint Residential Trust's earnings presentation, Apr 25, 2023

  1. Slide 1: NexPoint Residential Trust, Inc. Table of Contents

    NEXPOINT RESIDENTIAL TRUST, INC. 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201 INVESTOR RELATIONS: KRISTEN THOMAS NXRT.NEXPOINT.COM TABLE OF CONTENTS Earnings Release Cautionary Statement Regarding Forward-Looking Statements Overview Highlights of Recent Activity Financial Summary 2023 Full Year Gu

  2. Slide 2: Rockledge Apartments: Marietta, GA

    ROCKLEDGE APARTMENTS: MARIETTA, GA

  3. Slide 3: Outside Clubhouse Upon Acquisition

    OUTSIDE CLUBHOUSE UPON ACQUISITION

  4. Slide 4: Garden Area Conversion & Clubhouse Paint – Completed in 2023

    GARDEN AREA CONVERSION & CLUBHOUSE PAINT – COMPLETED IN 2023

  5. Slide 5: NexPoint Residential Trust Reports First Quarter 2023 Results

    FOR IMMEDIATE RELEASE Contact: Investor Relations Kristen Thomas IR@nexpoint.com (214) 276-6300 Media inquiries: Pro-NexPoint@prosek.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2023 RESULTS NXRT Refinances Venue on Camelback, Pays Down $17.5 million on Credit Facility and Executes Val

  6. Slide 6: Revenue & Average Rent Per Unit; Stock Price Performance

    Revenue & Average Rent Per Unit Stock Price Performance (Since Inception; 4/1/2015)

  7. Slide 7: Revenue ($000s)

    mg Revenue ($000s) $70,000 $60,000 > + $1,250 $50,000 — + $1,000 $40,000 — $30,000 SE a ++ $750 1Q20 4Q20 3Q21 2Q22 1Q23 7 $1,500

  8. Slide 8: Highlights of Recent Activity

    NXRT.NEXPOINT.COM Highlights of Recent Activity NXRT Q1 2023 NEW LEASES & RENEWALS Market New Leases % Increase Rent Increase Renewals % Increase Rent Increase South Florida 9.8% $ 188.04 6.6% $ 127.33 Atlanta 9.7% $ 136.40 3.5% $ 51.08 Orlando 5.2% $ 76.88 5.7% $ 85.50 Tampa 3.3% $ 45.80 5.8% $ 79.

  9. Slide 9: Forecasted Submarket Deliveries

    (1) Source: RealPage as of March 31, 2023. (2) Source: Average of Invitation Homes and American Homes 4 Rent. Average effective rent per market based on recent public filings as of December 31, 2022. FORECASTED SUBMARKET DELIVERIES (1)

  10. Slide 10: Financial Summary

    (1) This table only includes the 36 properties in our Q1 Same Store pool. (1) This table only includes the 36 properties in our Q1 Same Store pool. (1) Source: 2023 RealPage, Inc.; Data as of March 2023. NXRT.NEXPOINT.COM Financial Summary Q1 2023 Q1 2022 FY 2022 FY 2021 (in thousands, except for pe

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  13. Slide 13: Value-Add Program Details: Interiors (Full & Partials)

    Value-Add Program Details: Interiors (Full & Partials) NXRT.NEXPOINT.COM Property Name (1) Units Rehab Units Completed (2) Average Rent Pre-Rehab Average Rent Post-Rehab Avg. Rehab Cost Per Unit (3) Post-Rehab Rent Change % ROI (3) Value-Add Programs In Progress Arbors of Brentwood $ 1,245 $ 1,438 $

  14. Slide 14: Hedged Debt Composition

    Hedged Debt Composition (1) Hedged/Fixed Rate Debt B Unhedged Floating Rate Debt

  15. Slide 15: Historical Acquisition Details

    (1) As of March 31, 2023, we had total indebtedness of $1.7 billion at an adjusted weighted average interest rate of 3.57%, of which $1.6 billion was debt with a floating interest rate. As of March 31, 2023, interest rate swap agreements effectively covered 74% of our $1.6 billion of floating rate m

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