Nexpoint Residential Trust, Inc. · NYSE:NXRT
Nexpoint Residential Trust — Q3 2022 Earnings Presentation
18 slides from Nexpoint Residential Trust's earnings presentation, Oct 25, 2022
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 Balance Sheet Improvements Ov
Slide 2: Seasons 704 Apartments: West Palm Beach, FL
SEASONS 704 APARTMENTS: WEST PALM BEACH, FL
Slide 3: Q3 Leased Upgrades Averaged +24.3% ROI
Q3 LEASED UPGRADES AVERAGED +24.3% ROI
Slide 4: Enhanced Pool Amenity for Residents
ENHANCED POOL AMENITY FOR RESIDENTS NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]
Slide 5: NexPoint Residential Trust Reports Third Quarter 2022 Results
FOR IMMEDIATE RELEASE Contact: Investor Relations Kristen Thomas IR@nexpoint.com Media inquiries: Pro-Nexpoint@prosek.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2022 RESULTS NXRT Reports Continued Strength in Operations, Boosts Quarterly Dividend by 10.5% and Announces Accretive 19-P
Slide 6: Debt Maturity Schedule as of 9/30/2022
DEBT MATURITY SCHEDULE AS OF 9/30/2022 Debt Maturity Schedule MFixed Debt m Floating Debt $1,000,000 $750,000 $500,000 $250,000 = Fixed incl/ swaps = Floating $0 =_ |_| = 2022 -2023« 2024 «= 2025 «2026 += 2027 «S «2028 «= 2029» 2080-2031 ~=-2032 Total Debt Amount (in 000s) Wtd. Avg Int Rate [iM Fixe
Slide 7: Analysis of the Potential Impact of Rising Rates on Future Years' Growth
NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] ANALYSIS OF THE POTENTIAL IMPACT OF RISING RATES ON FUTURE YEARS’ GROWTH
Slide 8: Spread to All-In Hedged Rate Analysis
SPREAD TO ALL-IN HEDGED RATE ANALYSIS 2023 2024 2025 Property and Facility Principal Debt Balance(1) 1,530,434 1,530,434 1,530,434 Weighted Average Notional Swap Amount(2) 4,167,500 1,109,167 859,167 Hedged [Fixed Rate Debt % 79.8% 47% 58.3% Floating Rate Principal % 202% 253% 41.7% ‘Swap Rate (3) 1
Slide 9: Debt Analysis Footnotes
1. Principal debt balances assume the refinancing of 19 property level mortgages, $217mm of facility paydown due to refinancing, and $95mm of facility paydown with Houston net proceeds. Houston net proceeds are assumed to be the midpoint of the Houston Value range on the Components of Q3 2022 Net As
Slide 10: Revenue & Average Rent Per Unit; Stock Price Performance
Revenue & Average Rent Per Unit Stock Price Performance (Since Inception; 4/1/2015)
Slide 11: Revenue and Average Rent per Unit
mRevenue ($000s) @ Avg. Rent/Unit $70,000 7 e $1,500 é ) $55,000 > b at abated ~ $10,000 Ttrtt ttt Eee Petite ttt t TPT tt et $500 3Q15 2Q17 1Q19 4Q20 3Q22
Slide 12: Highlights of Recent Activity: Dividend Growth
NXRT.NEXPOINT.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] Highlights of Recent Activity DIVIDEND GROWTH
Slide 13: Rent Tradeouts and Same Store Growth
(1) This table only includes the 36 properties in our Q3 Same Store pool. (1) This table only includes the 36 properties in our Q3 Same Store pool. RENT TRADEOUTS Market New Leases % Increase Rent Increase Renewals % Increase Rent Increase DFW 17.7% $ 199.14 12.4% $ 137.07 HOU 5.5% $ 71.20 9.1% $ 11
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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) mHedged/Fixed Rate Debt Unhedged Floating Rate Debt
Slide 18: Historical Acquisition Details
(1) As of September 30, 2022, we had total indebtedness of $1.7 billion at an adjusted weighted average interest rate of 3.23%, of which $1.6 billion was debt with a floating interest rate. As of September 30, 2022, interest rate swap agreements effectively covered 91% of our $1.3 billion of floatin
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