Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — FY2021 Earnings Presentation
13 slides from Nexpoint Residential Trust's earnings presentation, Feb 15, 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 Fourth Quarter and FY 2021 Act
Slide 2: Hudson High House: Cary, NC
HUDSON HIGH HOUSE: CARY, NC
Slide 3: Expansion in Raleigh/Durham
EXPANSION IN RALEIGH/DURHAM
Slide 4: Prime Value-Add Opportunity
PRIME VALUE-ADD OPPORTUNITY
Slide 5: NexPoint Residential Trust Reports Fourth Quarter and Full Year 2021 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 FOURTH QUARTER AND FULL YEAR 2021 RESULTS NXRT Recaps Acquisition/Disposition Activity, Value-Add Results and Issues 2022
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
$240,000 $210,000 $180,000 $150,000 $120,000 $90,000 $60,000 $30,000 $0 m Revenue (S000s) @ Avg. Rent/Unit $1,200 $1,000 $800 $600 $400
Slide 8: Highlights of Fourth Quarter and Full Year 2021 Activity
NXRT.NEXPOINT.COM Highlights of Fourth Quarter and Full Year 2021 Activity ACQUISITIONS Property Name Location Date of Acquisition Purchase Price Mortgage Debt # Units The Verandas at Lake Norman Charlotte, North Carolina June 30, 2021 $ 63,500 $ 34,925 Creekside at Matthews Charlotte, North Carolin
Slide 9: $2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 +79% mil 2015 2016 2017 2018 2019
$2.50 $2.25 $2.00 $1.75 $1.50 $1.25 $1.00 +79% mil 2015 2016 2017 2018 2019 2020 2021
Slide 10: Financial Summary
(1) This table only includes the 33 properties in our 2020-2021 Same Store pool. (1) This table only includes the 33 properties in our Q4 Same Store pool. (1) Represents additional cleaning, disinfecting, PPE and other costs incurred at the properties related to COVID-19 that are not reflective of t
Slide 11: Value-Add Program Details: Interiors
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 1,217 $ 1,384 $ 8
Slide 12: Hedged Debt Composition
Hedged Debt Composition (1) mHedged/Fixed Rate Debt @Unhedged Floating Rate Debt
Slide 13: Historical Acquisition Details
(1) As of December 31, 2021, we had total indebtedness of $1.6 billion at an adjusted weighted average interest rate of 1.96%, of which $1.5 billion was debt with a floating interest rate. The interest rate swap agreements we have entered into effectively fix the interest rate on $1.2 billion, or 96
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