Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Q3 2019 Earnings Presentation
10 slides from Nexpoint Residential Trust's earnings presentation, Oct 29, 2019
Slide 1: Arbors of Brentwood: Nashville, TN
ARBORS OF BRENTWOOD: NASHVILLE, TN
Slide 2: The Model Unit Living Room
THE MODEL UNIT LIVING ROOM
Slide 3: An Opportunistic Acquisition
AN OPPORTUNISTIC ACQUISITION
Slide 4: Revenue & Average Rent Per Unit
Revenue & Average Rent Per Unit Stock Price Performance (Since Inception; 4/1/2015)
Slide 5: Revenue and Average Rent Per Unit
miReveme(S000) Avg. RentUsit S8s8se geguees 1Q15 3915 1916 3016 I 17 3917 1918 3018 1919 3019
Slide 6: Highlights of Recent Activity
www.NexPointLiving.com Highlights of Recent Activity NEW ACQUISITION METRICS Avant at Pembroke Pines Arbors of Brentwood Total/ Average New Unit Interior Upgrade Inventory 1,085 Average Interior Upgrade Cost $ 13,562 $ 10,193 $ 13,106 Underwritten Average Rent Premium (monthly) $ $ $ Forecast Return
Slide 7: Q3 Rent Growth and Financial Summary
(1) This table only includes the 26 properties in our Q3 Same Store pool. 4.0% RENT GROWTH 3.5% RENT GROWTH ON Q3’19 NEW LEASES ON Q3’19 RENEWALS Top 5 Markets New Leases % Increase Rent Increase Top 5 Markets Renewals % Increase Rent Increase DC Metro 10.8% $122 Charlotte 5.3% $49 Charlotte 7.7% $7
Slide 8: Historical Cap Ex Composition
Historical Cap Ex Composition (Oct ‘13 - Sep'19)
Slide 9: Value-Add Program Details
www.NexPointLiving.com Value-Add Program Details 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) Completed Value-Add Programs Southpoint Reserve at Stoney Creek (4) 1,011 1,120 7,043 10.8 %
Slide 10: Indebtedness and Historical Acquisition Details
(1) As of September 30, 2019, we had total indebtedness of $1,167.9 million at an adjusted weighted average interest rate of 2.86%, of which $1,097.0 million was debt with a floating interest rate. The interest rate swap agreements we have entered into effectively fix the interest rate on $975.0 mil
NexPoint Residential Trust — Q3 2019 Earnings Presentation on 6ix