Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — FY2024 Earnings Presentation
16 slides from Nexpoint Residential Trust's earnings presentation, Feb 25, 2025
Slide 1: Table of Contents
Cautionary Statement Regarding Forward-Looking Statements 3 Highlights of Fourth Quarter and FY 2024 Activity 5 2025 Full Year Guidance Summary 9 Consolidated Balance Sheets 11 NOI and Same Store NOI 13 2023-2024 Same Store Properties Operating Metrics 17 2022-2024 Same Store Results 19 FFO, Core FF
Slide 2: The Avant at Pembroke Pines: Pembroke Pines, FL
The Avant at Pembroke Pines: Pembroke Pines, FL
Slide 3: Classic Unit – Before Renovation
Classic Unit – Before Renovation
Slide 4: 2024 Leased Upgrades Averaged +19.9% ROI
2024 Leased Upgrades Averaged +19.9% ROI NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]
Slide 5: NexPoint Residential Trust Reports Fourth Quarter and Full Year 2024 Results
(share counts in thousands) Exchange/Ticker NYSE: NXRT Insider Ownership (2) 14.46% Dividend Yield (1) 5.24% Shares outstanding - diluted (3) 26,246 Market % of Units South Florida 15.1 % Atlanta 13.0 % Orlando 9.0 % Raleigh 4.8 % Charlotte 3.9 % FOR IMMEDIATE RELEASE Contact: Investor Relations Kri
Slide 6: Revenue & Average Rent Per Unit
Revenue & Average Rent Per Unit Stock Price Performance (Since Inception; 4/1/2015)
Slide 7: Revenue and Average Rent Per Unit
280,000 240,000 200,000 160,000 120,000 $80,000, 1 Revenue ($0003) Avg. Rent Unit . . . 2 . . y o a es $1500 $1,250 $1,000 $750 $500 250
Slide 8: Highlights of Fourth Quarter and Full Year 2024 Activity
Property Name Location Date of Sale Sales Price IRR Multiple on Invested Capital Net Cash Proceeds (1) Radbourne Lake Charlotte, NC April 30, 2024 39,250 19.2 % 3.64x 38,904 $ 166,750 $ 165,703 (*) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, I
Slide 9: 2022-2024 Same Store Growth
2024 vs 2022 2024 vs 2022 FY 2024 FY 2023 FY 2022 $ Change % Change Same Store Average Rent per Unit $ 1,483 $ 1,509 $ 1,508 $ (25 ) -1.7 % Same Store Revenues Same Store Other Income 5,234 5,661 5,271 (37 ) -0.7 % Miscellaneous income $ 476 $ 1,020 $ 783 (307 ) -39.2 % (1) Based on each REIT's Four
Slide 10: Debt Maturity Schedule
800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2023 2024 Debt Maturity Schedule As of September 30, 2024 2025 2026 2027 2028 2029 2030 = 2031 2032 ee 2033
Slide 11: Outstanding Debt Details
Operating Properties Type Term (months) Outstanding Principal Interest Rate (1) Maturity Date Avant at Pembroke Pines Floating 84 248,185 5.62% 10/1/2031 Brandywine I & II Floating 84 59,526 5.62% 10/1/2031 Estates on Maryland Floating 84 37,345 5.62% 10/1/2031 Residences at Glenview Reserve Floatin
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Slide 14: 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) Arbors of Brentwood 346 168 1,226 $ 1,443 $ 10,251 17.7 % 25.4 % Atera Apartments 380 234 1,206 1,355 3,419 12.4 % 52.5 % Bella Solara 320 12
Slide 15: Hedged Debt Composition
Hedged Debt Composition (1) @ Hedged/Fixed Rate Debt BUnhedged Floating Rate Debt
Slide 16: Historical Acquisition Details
(in thousands, except for unit and per unit amounts) Property Name (1) Location Units Transaction Date Purchase Price Rehab Budget (2) Total Investment Per Unit Cutter's Point Richardson, TX 196 1/31/2014 15,845 1,379 17,224 87,878 Courtney Cove Tampa, FL 324 8/20/2014 18,950 1,635 20,585 63,534 Cor
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