Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Q2 2022 Earnings Presentation
15 slides from Nexpoint Residential Trust's earnings presentation, Jul 26, 2022
Slide 1: NexPoint Residential Trust, Inc. Table of Contents
NEXPOINT RESIDENTIAL TRUST, INC. 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201 PHONE: (214) 276-6300 INVESTOR RELATIONS: JACKIE GRAHAM NXRT.NEXPOINT.COM TABLE OF CONTENTS Earnings Release Cautionary Statement Regarding Forward-Looking Statements Overview Highlights of Recent Activity Financial Summ
Slide 2: The Avant at Pembroke Pines
THE AVANT AT PEMBROKE PINES
Slide 3: Fully Repositioned Amenity Package
FULLY REPOSITIONED AMENITY PACKAGE
Slide 4: Top-Flight New Fitness and Recreation Center
TOP-FLIGHT NEW FITNESS AND RECREATION CENTER
Slide 5: NexPoint Residential Trust Reports Second Quarter 2022 Results
FOR IMMEDIATE RELEASE Contact: Investor Relations Jackie Graham JGraham@nexpoint.com (214) 276-6300 Media inquiries: JGraham@nexpoint.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2022 RESULTS NXRT Continues to Experience Strong Revenue Growth; Accelerates Rehab Pace for the Quarter Da
Slide 6: Revenue & Average Rent Per Unit; Stock Price Performance
Revenue & Average Rent Per Unit Stock Price Performance (Since Inception; 4/1/2015)
Slide 7: Revenue and Average Rent Per Unit Chart
mRevenue ($000s) e@ Avg. Rent/Unit $70,000 > e @ er $55,000 ) ooserr? i $40,000 9oo0ee® $10,000 Eee tt tet 3Q15 4Q17 1Q20 2Q22 $1,400 $1,100 $800 $500
Slide 8: Highlights of Recent Activity
NXRT.NEXPOINT.COM Highlights of Recent Activity ACQUISITIONS Property Name Location Date of Acquisition Purchase Price Mortgage Debt # Units Effective Ownership The Adair Sandy Springs, Georgia April 1, 2022 $ 65,500 $ 35,115 % Estates on Maryland Phoenix, Arizona April 1, 2022 77,900 43,157 % $ 143
Slide 9: Room for Future Rent Growth
NXRT.NEXPOINT.COM ROOM FOR FUTURE RENT GROWTH
Slide 10: Financial Summary
(1) This table only includes the 34 properties in our Q2 Same Store pool. (1) This table only includes the 34 properties in our Q2 Same Store pool. (1) Source: RealPage as of April 30, 2022. NXRT average rent as of May 31, 2022. (2) Source: Average of Invitation Homes and American Homes 4 Rent. Aver
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Slide 13: Value-Add Program Details: Interiors (Full & Partials)
NXRT.NEXPOINT.COM Value-Add Program Details: Interiors (Full & Partials) 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 $ 1,214 $ 1,381 $
Slide 14: Hedged Debt Composition
Hedged Debt Composition (1) WHedged/Fixed Rate Debt GUnhedged Floating Rate Debt
Slide 15: Historical Acquisition Details
(1) As of June 30, 2022, we had total indebtedness of $1.7 billion at an adjusted weighted average interest rate of 2.90%, of which $1.6 billion was debt with a floating interest rate. As of June 30, 2022, interest rate swap agreements effectively covered 98% of our $1.3 billion of floating rate mor
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