Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — FY2022 Earnings Presentation
18 slides from Nexpoint Residential Trust's earnings presentation, Feb 21, 2023
Slide 1: NexPoint Residential Trust, Inc. Table of Contents
NEXPOINT RESIDENTIAL TRUST, INC. 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201 INVESTOR RELATIONS: KRISTEN THOMAS NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] TABLE OF CONTENTS Earnings Release Cautionary Statement Regarding Forward-Looking Statements Overview Highlights of Fourth
Slide 2: The Summit at Sabal Park: Tampa, FL
THE SUMMIT AT SABAL PARK: TAMPA, FL
Slide 3: Updated and Repositioned Sports Court Amenity
UPDATED AND REPOSITIONED SPORTS COURT AMENITY
Slide 4: Pickle Ball, Cornhole, Track and Grilling Station
PICKLE BALL, CORNHOLE, TRACK AND GRILLING STATION NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]
Slide 5: NexPoint Residential Trust Reports Fourth Quarter and Full Year 2022 Results
FOR IMMEDIATE RELEASE Contact: Investor Relations Kristen Thomas IR@nexpoint.com (214) 276-6300 Media inquiries: Pro-Nexpoint@prosek.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS NXRT Recaps Acquisition/Disposition Activity, Value-Add Results and Issues 2023
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
m Revenue ($000s) @ Avg. Rent/Unit $270,000. + @ + $1,500 $225,000 bd $1,250 $180,000 $1,000 $135,000 $750 $90,000 $500 $45,000 $250 $0 $0
Slide 8: Highlights of Fourth Quarter and Full Year 2022 Activity
NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Highlights of Fourth Quarter and Full Year 2022 Activity ACQUISITIONS Property Name Location Date of Acquisition Purchase Price Mortgage Debt # Units The Adair Sandy Springs, Georgia April 1, 2022 $ 65,500 $ 35,115 Estates on Maryland Ph
Slide 9: Stock Price Performance Since Inception
$3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $- +135% 2015 2016 2017 2018 2019 2020 2021 2022
Slide 10: Update to Capital Structure
nxrt.nexpoint.com NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] UPDATE TO CAPITAL STRUCTURE • Refinanced 20 properties and sold Hollister Place; paid down approximately $260.5mm of Corporate Credit Facility in Q422. • As of 12/31/22, the Corporate Credit Facility outstanding balance was approximately
Slide 11: Credit Facility Outstanding Balance
400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 Facility Outstanding Balance! (in Thousands) Q22022 Q32022 42022 Q22023E
Slide 12: Debt Detail as of Dec. 2022
Debt Detail as of Dec. 2022? m Property Level Debt - Hedged = Debt - Hitting Rate Cap Limit - Hedged Fixed Property Level Debt - Unhedged ™ Credit Facility - Unhedged
Slide 13: 2023 Full Year Guidance Summary and Footnotes
(1) This table only includes the 31 properties in our 2021-2022 Same Store pool. (1) This table only includes the 35 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
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Slide 16: Value-Add Program Details: Interiors (Full & Partials)
NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] 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 P
Slide 17: Hedged Debt Composition
Hedged Debt Composition (1) W@ Hedged/Fixed Rate Debt
Slide 18: Historical Acquisition Details
(1) As of December 31, 2022, we had total indebtedness of $1.7 billion at an adjusted weighted average interest rate of 5.74%, of which $1.6 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 74
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