Nexpoint Residential Trust, Inc. · NYSE:NXRT

Nexpoint Residential Trust — Q1 2024 Earnings Presentation

12 slides from Nexpoint Residential Trust's earnings presentation, Apr 30, 2024

  1. Slide 1: Sabal Palm at Lake Buena Vista: Orlando, FL

    SABAL PALM AT LAKE BUENA VISTA: ORLANDO, FL

  2. Slide 2: Fully Upgraded Kitchen

    FULLY UPGRADED KITCHEN

  3. Slide 3: Refreshed Gym Equipment, Paint and Carpeting

    REFRESHED GYM EQUIPMENT, PAINT AND CARPETING NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

  4. Slide 4: Revenue & Average Rent Per Unit

    Revenue & Average Rent Per Unit

  5. Slide 5: Stock Price Performance (Since Inception; 4/1/2015)

    [Stock Price Performance (Since Inception; 4/1/2015)]

  6. Slide 6: Highlights of Recent Activity

    NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Highlights of Recent Activity COMPLETED DISPOSITIONS Property Name Location Date of Sale Sales Price IRR Multiple on Invested Capital Net Cash Proceeds (1) Gain on Sale of Real Estate Old Farm Houston, TX March 1, 2024 $ 103,000 22.1% 2.

  7. Slide 7: Annual Job Creation

    Annual Job Creation 2023 2024 2025 2026 2027 NXRT Markets 508,354 264,008 201,871 151,156 138,674 All other MSAs 1,031,994 542,610 337,649 164,221 136,982 Total 1,540,348 806,618 539,520 315,377 275,656 NXRT Mkts % of Total 33.0% 32.7% 37.4% 47.9% 50.3% Job Growth NXRT Mkts 2.4% 1.2% 0.9% 0.7% 0.6%

  8. Slide 8: Forecasted Submarket Deliveries

    (1) Source: 2024 Costar Group.; Data as of April 2024. NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] FORCASTED SUBMARKET DELIVERIES (1) Market Submarket (RealPage) Property NXRT Unit Exposure 2024 Q1 Inventory 2023 Deliveries 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Deliveries 2025 Q1 2

  9. Slide 9: Slide 9

  10. Slide 10: Slide 10

  11. Slide 11: 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

  12. Slide 12: Historical Acquisition Details

    (1) As of March 31, 2024, we had total indebtedness of $1.5 billion at an adjusted weighted average interest rate of 3.39%, of which $1.5 billion was debt with a floating interest rate. As of March 31, 2024, interest rate swap agreements effectively covered 80% of our $1.5 billion of floating rate m

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