Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Q4 2025 Earnings Presentation
34 slides from Nexpoint Residential Trust's earnings presentation, Feb 24, 2026
Slide 1: Earnings Supplement: Fourth Quarter & Full Year 2025
Exhibit 99.1 24 February 2026 | NYSE: NXRT EARNINGS SUPPLEMENT: FOURTH QUARTER & FULL YEAR 2025 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 Fourth Quarter and FY 2025 Activity 5 Financial Summary 7 2026 Full Year Guidance Summary 8 Components of Net Asset Value 9 Consolida
Slide 3: Reports Fourth Quarter and Full Year 2025 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 FOURTH QUARTER AND FULL YEAR 2025 RESULTS NXRT Acquires $73.25 Million Property
Slide 4: Full Year 2025 Financial Results
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] excludes 21 units that are currently down due to fires and repairs (Rockledge: 20 units and Summers Landing: 1 unit) and Sedona at Lone Mountain. (4) Total number of units owned as of December 31, 2025 is 13,305, however 22 units are currently down (Rockl
Slide 5: Cautionary Statement Regarding Forward-Looking Statements
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. Our filings with the Securities and Exchange Commission (the “SEC”) are available on our website, nxrt.nexpoint.com, under the “Financi
Slide 6: Fourth Quarter & Full Year 2025 Overview
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NEXPOINT RESIDENTIAL TRUST, INC: FOURTH QUARTER & FULL YEAR 2025 OVERVIEW Company Profile (share counts in thousands) NYSE; NYSE Texas: Exchange/Ticker NXRT Share Price (1) $29.69 Insider Ownership (2) 16.09% 2026 Q1 Dividend Per Share $0.53 Dividend Yiel
Slide 7: Highlights of Fourth Quarter and Full Year 2025 Activity
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Highlights of Fourth Quarter and Full Year 2025 Activity COMPLETED ACQUISITION Date of Effective Property Name Location Acquisition Purchase Price # Units Ownership Sedona at Lone Mountain Las Vegas, NV December 11, 2025 $ 73,250 321 100 % NXRT Q4 2025 NE
Slide 8: Forecasted Submarket Deliveries
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FORECASTED SUBMARKET DELIVERIES (1) NXRT Unit 2025 Q4 2025 2026 2027 2028 3-year 3-year % Market Submarket (RealPage) Property 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 FY 2025 FY 2024 FY 2023 Q4 2025 Q4 2024 (in thousands, except for per share and unit data) Company Profile Market Capitalization $ 763,000 $ 1,061,000 $ 884,000 Share Price (as of the last day of the period) $ 30.10 $ 41.75 $ 34.43 Weigh
Slide 10: 2026 Full Year Guidance Summary
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] 2026 Full Year Guidance Summary NXRT is providing initial 2026 guidance ranges for earnings 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 Property NOI Cap Rate Range (1) Value Range (2) Component Min Max Market Contribution Min Max Min Max Tangibl
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) (Unaudited) December 31, 2025 December 31, 2024 ASSETS Operating Real Estate Investments Land $ 371,656 $ 359,819 Buildings an
Slide 13: Consolidated Statements of Operations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] NEXPOINT RESIDENTIAL TRUST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands, except per share amounts) (Unaudited) For the Year Ended December 31, 2025 2024 2023 Revenues Rental income $ 243,738 $
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 for the years ended December 31, 2025, 2024 and 2023, and our 2024-2025 and our Q4 Same Store NOI for the years and three m
Slide 15: 2024-2025 Same Store Results
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] 2024-2025 Same Store Results of Operations for the Years Ended December 31, 2025 and 2024 There are 35 properties encompassing 12,963 units of apartment space, or approximately 97% of our Portfolio, in our 2024-2025 Same Store properties. Our 2024-2025 Sa
Slide 16: 2024-2025 Same Store Properties Operating Metrics
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] (4) For the years ended December 31, 2025 and 2024, excludes approximately $0 and $16,000, respectively, of casualty-related expenses. (5) For the years ended December 31, 2025 and 2024, excludes approximately $307,000 and $54,000, respectively, of expens
Slide 17: QoQ Same Store Properties Operating Metrics
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] 2024-2025 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 2025 2024 Change 2025 2024 bps ∆ 2025 2024 % Change Texas D
Slide 18: Q4 Same Store Results
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 Q4 2025 Q3 2025 Change Q4 2025 Q3 2025 bps ∆ Q4 2025 Q3 2025 % Ch
Slide 19: Q4 Same Store Results of Operations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Q4 Same Store Results of Operations for the Three Months Ended December 31, 2025 and 2024 There are 35 properties encompassing 12,963 units of apartment space, or approximately 97% of our Portfolio, in our same store pool for the three months ended Decemb
Slide 20: Definitions and Reconciliations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] (3) For the three months ended December 31, 2025 and 2024, excludes approximately $1,007,000 and $1,290,000, respectively, of expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for
Slide 21: FFO, Core FFO and AFFO
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FFO, Core FFO and AFFO The following table reconciles our calculations of FFO, Core FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the years ended December 31, 2025, 2024 and 2023 and for the three months ended
Slide 22: Historical Capital Expenditures
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Historical Capital Expenditures FY 2025 FY 2024 % Change Q4 2025 Q4 2024 % Change ($ in thousands) Capital Expenditures Acquisition Capital Expenditures $ 73,250 $ — N/M $ 73,250 $ — N/A Capitalized Rehab Expenditures Interior 5,951 4,760 25.0 % 1,953 826
Slide 23: 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 24: 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 25: 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 26: 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 December 31, 2025 (dollars in thousands): Outstanding Operating Properties Type Term (months) Principal Interest Rate
Slide 27: Credit Facility
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Credit Facility The following table contains summary information concerning the Company's credit facility as of December 31, 2025 (dollars in thousands): Outstanding Available Type Term (months) Principal Principal Interest Rate (1) Maturity Date Credit F
Slide 28: Interest Rate Cap Agreements
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Interest Rate Cap Agreements As of December 31, 2025, 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 Rat
Slide 29: Debt Maturity Schedule
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Debt Maturity Schedule The following table summarizes our contractual obligations and commitments as of December 31, 2025 for the next five calendar years subsequent to December 31, 2025 and thereafter. We used the applicable reference rate as of December
Slide 30: 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 31: 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 32: 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 33: Reconciliations
NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Reconciliations Reconciliation of Debt to Net Debt (dollar amounts in thousands) FY 2025 FY 2024 FY 2023 Total mortgage debt $ 1,503,242 $ 1,503,242 $ 1,551,236 Credit facilities 90,000 — 24,000 Total Debt 1,593,242 1,503,242 1,575,236 Adjustments to arri
Slide 34: Guidance Reconciliations
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
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