Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Q1 2026 Earnings Presentation
33 slides from Nexpoint Residential Trust's earnings presentation, Apr 28, 2026
Slide 1: Earnings Supplement: First Quarter 2026
Exhibit 99.1 28 April 2026 | NYSE: NXRT EARNINGS SUPPLEMENT: FIRST QUARTER 2026 NEXPOINT RESIDENTIAL TRUST, INC. 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201 INVESTOR RELATIONS: KRISTEN GRIFFITH NXRT.NEXPOINT.COM
Slide 2: Table of Contents
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] TABLE OF CONTENTS Earnings Release 1 Cautionary Statement Regarding Forward-Looking 3 Statements Overview 4 Highlights of Recent Activity 5 Financial Summary 7 2026 Full Year Guidance 8 SEDONA AT LONE MOUNTAIN: LAS VEGAS, NV Components of Net Asset Value
Slide 3: Reports First Quarter 2026 Results
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FOR IMMEDIATE RELEASE Contact: Investor Relations Kristen Griffith IR@nexpoint.com (214) 276-6300 Media inquiries: Comms@nexpoint.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2026 RESULTS NXRT Recaps Value-Add Results, Tames Expense Growth a
Slide 4: First Quarter 2026 Financial Results
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] First Quarter 2026 Financial Results Total revenues were $63.5 million for the first quarter of 2026, compared to $63.2 million for the first quarter of 2025. Net loss attributable to common stockholders for the first quarter of 2026 totaled $6.8 mill
Slide 5: Cautionary Statement Regarding Forward-Looking Statements
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current expectations, assumptions and beli
Slide 6: First Quarter 2026 Overview
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NEXPOINT RESIDENTIAL TRUST, INC: FIRST QUARTER 2026 OVERVIEW Company Profile (share counts in thousands) NYSE; NYSE Texas: Exchange/Ticker NXRT Share Price (1) $26.36 Insider Ownership (2) 17.07% 2026 Q2 Dividend Per Share $0.53 Dividend Yield (1) 8.04% S
Slide 7: Highlights of First Quarter 2026 Activity
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Highlights of First Quarter 2026 Activity Operating Snapshot Metric 1Q'26 4Q'25 QoQ 1Q'25 YoY Same Store Ending Physical Occupancy: 93.6% 92.7% 0.9% 94.40% -0.8% Same Store Blended Lease Trade-out %: -1.92% -1.36% -0.56% -1.59% -0.3% Same Store Average Ef
Slide 8: Forecasted Submarket Deliveries
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FORECASTED SUBMARKET DELIVERIES(1) Submarket NXRT Unit 2026 Q1 2025 2026 2027 2028 3-year 3-year % Market Property (RealPage) Exposure Inventory Deliveries Deliveries Deliveries Deliveries Deliveries Growth ATL Southeast Marietta Rockledge 708 13,563 - -
Slide 9: Financial Summary
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Financial Summary Q1 2026 Q1 2025 FY 2025 FY 2024 (in thousands, except for per share and unit data) Company Profile Market Capitalization $ 637,000 $ 1,011,000 $ 763,000 $ 1,061,000 Share Price (as of the last day of the period) $ 25.00 $ 39.53 $ 30.10 $
Slide 10: 2026 Full Year Guidance Summary
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] 2026 Full Year Guidance Summary NXRT is reaffirming 2026 guidance ranges for earnings (loss) per diluted share, Core FFO per diluted share, Same Store rental income, Same Store total revenue, Same Store total expenses, Same Store NOI, and acquisitions and
Slide 11: Components of Net Asset Value
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Components of Net Asset Value (dollar and share amounts in thousands, except per share and per unit data) REAL ESTATE VALUE BY MARKET NAV SUMMARY Cap Rate Range Component Min Max Property NOI (1) Value Range (2) Tangible Assets Market Contribution Min Max
Slide 12: Consolidated Balance Sheets
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NEXPOINT RESIDENTIAL TRUST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) March 31, 2026 December 31, 2025 (Unaudited) ASSETS Operating Real Estate Investments Land $ 371,656 $ 371,656 Buildings and i
Slide 13: Consolidated Statements of Operations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NEXPOINT RESIDENTIAL TRUST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands, except per share amounts) (Unaudited) For the Three Months Ended March 31, 2026 2025 Revenues Rental income $ 61,056 $ 61,440 Oth
Slide 14: NOI and Same Store NOI
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NOI and Same Store NOI The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles NOI and our Q1 Same Store NOI for the three months ended March 31, 2026 and 2025 to net loss, the most directly comparable GAAP
Slide 15: Q1 Same Store Results of Operations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Q1 Same Store Results of Operations for the Three Months Ended March 31, 2026 and 2025 There are 35 properties encompassing 12,984 units of apartment space, or approximately 98% of our Portfolio, in our Q1 Same Store properties. Our Q1 Same Store properti
Slide 16: Q1 Same Store Properties Operating Metrics
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] (5) For additional information regarding NOI, see the “Definitions and Reconciliations of Non-GAAP Measures” and “NOI and Same Store NOI” sections of this release. The following table contains additional information about our Q1 Same Store properties rent
Slide 17: Q1 Same Store Properties Operating Metrics
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Q1 Same Store Properties Operating Metrics (dollars in thousands, except for per unit data) Properties by Unit Market (1) Count Average Effective Rent Occupancy Total Rental Income % Total Q1 2026 Q1 2025 Change Q1 2026 Q1 2025 bps ∆ Q1 2026 Q1 2025 % Cha
Slide 18: QoQ Same Store Properties Operating Metrics
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] QoQ Same Store Properties Operating Metrics (dollars in thousands, except for per unit data) Properties by Market (1) Unit Count Average Effective Rent Occupancy Total Rental Income % Total Q1 2026 Q4 2025 Change Q1 2026 Q4 2025 bps ∆ Q1 2026 Q4 2025 % Ch
Slide 19: FFO, Core FFO and AFFO
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FFO, Core FFO and AFFO The following table reconciles our calculations of FFO, Core FFO and AFFO to net loss, the most directly comparable GAAP financial measure, for the three months ended March 31, 2026 and 2025 (in thousands, except per share amounts):
Slide 20: Historical Capital Expenditures
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Historical Capital Expenditures Q1 2026 Q1 2025 % Change ($ in thousands) Capitalized Rehab Expenditures Interior $ 1,229 $ 652 88.7 % Exterior and common area 396 58 586.8 % Capitalized Maintenance Expenditures Recurring 3,390 2,797 21.2 % Non-Recurring
Slide 21: Value-Add Program Details: Interiors
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Value-Add Program Details: Interiors (Full & Partials) Avg. Rehab Post-Rehab Rehab Units Average Rent Average Rent Cost Rent Property Name (1) Units Completed (2) Pre-Rehab Post-Rehab Per Unit (3) Change % ROI (3) Value-Add Programs In Progress Arbors of
Slide 22: Value-Add Program Details: Kitchen & Laundry Appliances
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Value-Add Program Details: Kitchen & Laundry Appliances Avg. Rehab Post-Rehab Rehab Units Cost Rent Property Name (1) Units Completed (2) Per Unit (3) Change $ ROI (3) Value-Add Programs In Progress Arbors of Brentwood 346 319 $ 871 $ 50 68.8 % Arbors on
Slide 23: Value-Add Program Details: Smart Home Technology Packages
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Value-Add Program Details: Smart Home Technology Packages Avg. Rehab Post-Rehab Rehab Units Cost Rent Property Name (1) Units Completed (2) Per Unit (3) Change $ ROI (3) Value-Add Programs In Progress Arbors of Brentwood 346 346 $ 1,419 $ 45 30.9 % Arbors
Slide 24: Outstanding Debt Details
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Outstanding Debt Details Mortgage Debt The following table contains summary information concerning the mortgage debt of the Company as of March 31, 2026 (dollars in thousands): Outstanding Operating Properties Type Term (months) Principal Interest Rate (1
Slide 25: Interest Rate Swap Agreements
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Interest Rate Swap Agreements As of March 31, 2026, the Company had the following outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk (dollars in thousands): Effective Date Termination Date Counterparty Notional
Slide 26: Interest Rate Cap Agreements
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Interest Rate Cap Agreements As of March 31, 2026, the Company had the following interest rate caps outstanding that were not designated as cash flow hedges of interest rate risk (dollars in thousands): Properties Type Maturity Date Notional Strike Rate A
Slide 27: Debt and Leverage Summary
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] (1) Interest expense obligations includes the impact of expected settlements on interest rate swaps which have been entered into in order to fix the interest rate on the hedged portion of our floating rate debt obligations. As of March 31, 2026, we had en
Slide 28: Historical Acquisition Details
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Historical Acquisition Details (in thousands, except for unit and per unit amounts) Rehab Budget Total Property Name (1) Location Units Transaction Date Purchase Price (2) Investment Per Unit Arbors on Forest Ridge Bedford, TX 210 1/31/2014 $ 12,805 $ 1,8
Slide 29: Historical Disposition Details
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Historical Disposition Details (in thousands, except unit and per unit amounts) Sales Purchase Sale Price Per Net Cash Gain on Property Name Location Units Price Price Unit Sale Date Proceeds (1) Sale Meridian Austin, TX 200 $ 12,300 $ 17,250 $ 86,250 5/1
Slide 30: Definitions and Reconciliations of Non-GAAP Measures
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Definitions and Reconciliations of Non-GAAP Measures Definitions This presentation contains non-GAAP financial measures. A “non-GAAP financial measure” is defined as a numerical measure of a company’s financial performance that excludes or includes amount
Slide 31: Reconciliations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Reconciliations Reconciliation of Debt to Net Debt (dollar amounts in thousands) Q1 2026 Q1 2025 Total mortgage debt $ 1,543,529 $ 1,503,242 Total credit facility 57,000 — Total Debt $ 1,600,529 $ 1,503,242 Adjustments to arrive at net debt: Cash and cash
Slide 32: Reconciliation of FFO, Core FFO and AFFO Guidance
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] The following table reconciles our FFO, Core FFO and AFFO guidance to our net loss (the most directly comparable GAAP financial measure) guidance for the year ended December 31, 2026 (in thousands, except per share data): For the Year Ended December 31, 2
Slide 33: Reconciliation of NOI, FFO, Core FFO and AFFO
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] The following table reconciles our NOI to our FFO, Core FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the years ended December 31, 2025 and 2024 (in thousands): For the Year Ended December 31, % Change 2025 20
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