MARCH 2020 NXRT RAYMOND JAMES INSTITUTIONAL INVESTORS CONFERENCE CAUTIONARY STATEMENTS FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements. These statements reflect the current views of the Company's management with respect to future events and financial performance. These statements include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's business and industry in general, statements regarding NXR ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdiction of Incorpor ...

Exhibit 99.1 18 FEBRUARY 2020 | NYSE: NXRT EARNINGS SUPPLEMENT: FOURTH QUARTER & FULL YEAR 2019 NEXPOINT NEXPOINT RESIDENTIAL TRUST, INC. 300 CRESCENT COURT, SUITE 700 DALLAS, TX 75201 PHONE: 972-628-4100 INVESTOR RELATIONS: JACKIE GRAHAM - 972-419-6213 WWW.NEXPOINTLIVING.COM NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT] TABLE OF CONTENTS | --- | --- | |------------------------------------------------------------|-------| | Earnings Release | 1 | | Cautionary Statement Regarding Forward-Looking Statements | ...

NexPoint Residential Trust, Inc. (NYSE:NXRT) Q4 2019 Earnings Conference Call February 18, 2020 11:00 AM ET Company Participants Jackie Graham - IR Brian Mitts - EVP & CFO Matt McGraner - EVP & Chief Investment Officer Conference Call Participants Buck Horne - Raymond James Drew Babin - Baird Tayo Okusanya - Mizuho John Massocca - Ladenburg Thalmann Rob Stevenson - Janney Barry Oxford - D.A. Davidson Operator Good day and welcome to the NexPoint Residential Trust Inc. Fourth Quarter 2019 Conference Call. To ...

12-14 NOVEMBER 2019 NXRT REIT WORLD 2019 NEXPOINT RESIDENTIAL TRUST FORWARD LOOKING STATEMENTS This presentation includes forward-looking statements. These statements reflect the current views of the Company's management with respect to future events and financial performance. These statements include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the Company's business and industry in general, statements regarding the acquisition of the ...

[Cautionary Statement Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This section provides a standard cautionary statement warning investors that the report contains forward-looking statements based on current management beliefs and assumptions [Forward-Looking Statements and Risk Factors](index=3&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) This section highlights that actual results may differ materially due to a wide range of risks and uncertainties, including market conditions, real estate ownership, competition, financing, and regulatory compliance - The company identifies numerous risk factors that could impact future performance, including but not limited to[10](index=10&type=chunk)[11](index=11&type=chunk) - **Market and Economic Conditions:** Unfavorable changes in the U.S. economy and in specific geographic markets where properties are located - **Real Estate Concentration:** The portfolio is concentrated in the Southeastern and Southwestern United States, making it susceptible to adverse developments in those markets - **Financing Risks:** Risks associated with increases in interest rates and the ability to issue additional debt or equity - **Competition:** Competition could limit the ability to acquire attractive investments and maintain rental rates - **REIT Status:** Failure to maintain status as a Real Estate Investment Trust (REIT) could result in significant tax liabilities [PART I—FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) This part presents the unaudited consolidated financial statements and management's discussion and analysis for NexPoint Residential Trust, Inc [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for NexPoint Residential Trust, Inc. as of September 30, 2019, and for the three and nine-month periods then ended [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) The balance sheet shows a significant increase in total assets from $1.16 billion at year-end 2018 to $1.62 billion as of September 30, 2019, primarily driven by an increase in Net Operating Real Estate Investments Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 (Unaudited) | Dec 31, 2018 | | :--- | :--- | :--- | | **Total Net Real Estate Investments** | **$1,554,016** | **$1,087,542** | | Cash and cash equivalents | $20,373 | $19,864 | | **Total Assets** | **$1,624,282** | **$1,161,210** | | Mortgages payable, net | $1,027,947 | $824,702 | | Credit facility, net | $106,034 | $— | | **Total Liabilities** | **$1,201,047** | **$862,615** | | **Total Stockholders' Equity** | **$419,811** | **$296,028** | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) For the third quarter of 2019, the company reported a net income of $119.1 million, a substantial increase from a net loss of $5.3 million in Q3 2018, primarily due to a $127.7 million gain on the sale of real estate Key Operating Results (in thousands, except per share data) | Metric | Q3 2019 | Q3 2018 | Nine Months 2019 | Nine Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $46,833 | $36,495 | $131,390 | $107,207 | | Total expenses | $42,600 | $31,689 | $116,839 | $93,466 | | Gain on sales of real estate | $127,700 | $— | $127,700 | $13,742 | | **Net income (loss)** | **$119,104** | **($5,260)** | **$112,744** | **$3,168** | | Net income (loss) attributable to common stockholders | $118,747 | ($5,245) | $112,406 | $3,158 | | **Earnings (loss) per share - diluted** | **$4.84** | **($0.25)** | **$4.63** | **$0.15** | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2019, net cash from operating activities increased to $38.9 million, while investing activities used $297.0 million, primarily for property acquisitions Cash Flow Summary for the Nine Months Ended Sep 30 (in thousands) | Activity | 2019 | 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $38,943 | $30,452 | | Net cash used in investing activities | ($297,025) | ($123,984) | | Net cash provided by financing activities | $276,434 | $95,861 | | **Net increase in cash** | **$18,352** | **$2,329** | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed information supporting the financial statements, covering accounting policies, real estate investments, debt, derivatives, equity, related party transactions, and subsequent events - During the first nine months of 2019, the company acquired eight properties for a total purchase price of **$635.7 million**[66](index=66&type=chunk)[67](index=67&type=chunk) - The company sold six properties during the first nine months of 2019 for a total sales price of **$289.9 million**, realizing a gain of **$127.7 million**[68](index=68&type=chunk)[69](index=69&type=chunk) - On January 28, 2019, the company entered into a new **$75.0 million** corporate credit facility, which was subsequently upsized to **$150 million** by September 30, 2019[79](index=79&type=chunk) - The company issued **1,119,487 shares** of common stock through its at-the-market (ATM) offering program during the first nine months of 2019, generating net proceeds of approximately **$49.9 million**[109](index=109&type=chunk) - Subsequent to the quarter's end, on October 21, 2019, the Cutter's Point property was damaged by a tornado in Dallas, TX, but the company expects any resulting losses to be immaterial due to comprehensive insurance coverage[134](index=134&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial condition, results of operations, liquidity, and capital resources, highlighting strong revenue growth driven by property acquisitions and increased rental rates [Results of Operations](index=39&type=section&id=Results%20of%20Operations) The analysis of operating results shows a significant increase in net income for Q3 and the first nine months of 2019 compared to 2018, primarily driven by a **$127.7 million** gain on property sales - The primary driver for the substantial increase in net income for Q3 2019 was a **$127.7 million** gain on the sale of six properties[149](index=149&type=chunk)[160](index=160&type=chunk) - **Q3 2019 vs. Q3 2018:** Total revenues increased by **$10.3 million (28.3%)**, while total expenses rose by **$10.9 million**[149](index=149&type=chunk)[161](index=161&type=chunk) - **YTD 2019 vs. YTD 2018:** Total revenues increased by **$24.2 million (22.6%)**, while total expenses rose by **$23.4 million**[149](index=149&type=chunk)[161](index=161&type=chunk) - Rental income growth was supported by an **11.8%** increase in the weighted average monthly effective rent per occupied unit, rising to **$1,095** as of September 30, 2019, from **$979** a year prior[150](index=150&type=chunk)[162](index=162&type=chunk) [Non-GAAP Measurements](index=44&type=section&id=Non-GAAP%20Measurements) This section provides key non-GAAP metrics used to evaluate the company's performance, showing strong organic growth and improved dividend coverage ratios - Q3 Same Store NOI (for 26 properties) increased by **4.4%** year-over-year, from **$16.2 million** to **$16.9 million**[179](index=179&type=chunk) - Year-to-date Same Store NOI increased by **5.1%** year-over-year, from **$47.9 million** to **$50.4 million**[188](index=188&type=chunk) FFO, Core FFO, and AFFO per Diluted Share | Metric per Diluted Share | Q3 2019 | Q3 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | FFO | $0.35 | $0.28 | $1.26 | $1.08 | | Core FFO | $0.47 | $0.42 | $1.38 | $1.21 | | AFFO | $0.54 | $0.48 | $1.60 | $1.41 | - The dividend coverage ratio, based on AFFO per diluted share, improved to **1.97x** in Q3 2019 from **1.93x** in Q3 2018[205](index=205&type=chunk)[206](index=206&type=chunk) [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity position is supported by operating cash flow, existing cash, and a **$150 million** corporate credit facility with **$43.0 million** of unused capacity - As of September 30, 2019, the company had **$43.0 million** of unused capacity on its Corporate Credit Facility[213](index=213&type=chunk) - The company had approximately **$16.5 million** of renovation value-add reserves for its planned capital expenditures, sufficient to complete approximately **1,600** interior rehabs[234](index=234&type=chunk) Value-Add Program Capital Expenditures (in thousands) | Rehab Expenditures | Q3 2019 | Q3 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Interior | $3,322 | $2,582 | $8,783 | $6,138 | | Exterior and common area | $2,524 | $2,322 | $7,661 | $7,314 | | **Total rehab expenditures** | **$5,846** | **$4,904** | **$16,444** | **$13,452** | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=58&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk associated with its **$1.1 billion** in floating-rate debt, which is mitigated through interest rate swaps and caps - As of September 30, 2019, the company had **$1.17 billion** in total indebtedness, of which **$1.10 billion** was floating-rate debt[253](index=253&type=chunk) - The company utilizes interest rate swaps to effectively fix the interest rate on **$975 million** of its floating-rate mortgage debt at a weighted average fixed rate of **1.4147%**[255](index=255&type=chunk) Interest Rate Sensitivity Analysis | Change in Interest Rates | Annual Increase to Interest Expense (in thousands) | | :--- | :--- | | 0.25% | $300 | | 0.50% | $600 | | 0.75% | $900 | | 1.00% | $1,200 | [Item 4. Controls and Procedures](index=59&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2019, with no material changes to internal control over financial reporting identified - The President and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of September 30, 2019[259](index=259&type=chunk) - There were no changes in internal control over financial reporting during the third quarter of 2019 that materially affected, or are reasonably likely to materially affect, internal controls[261](index=261&type=chunk) [PART II—OTHER INFORMATION](index=61&type=section&id=PART%20II%E2%80%94OTHER%20INFORMATION) This part covers other information including legal proceedings, updated risk factors, and unregistered sales of equity securities [Item 1. Legal Proceedings](index=61&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not a party to any legal proceedings that are reasonably likely to have a material adverse effect on its financial condition or results of operations - The company is not aware of any legal proceedings that are reasonably likely to have a material adverse effect on its business[264](index=264&type=chunk) [Item 1A. Risk Factors](index=61&type=section&id=Item%201A.%20Risk%20Factors) A new material risk factor is disclosed concerning the Chapter 11 bankruptcy filing of Highland Capital Management, L.P., an affiliate of the company's Sponsor - A new risk factor has emerged from the October 16, 2019, Chapter 11 bankruptcy filing of Highland Capital Management, L.P., an affiliate of the company's Sponsor[265](index=265&type=chunk) - Potential adverse consequences include negative publicity, diversion of management resources, and potential conflicts of interest that could harm the company's business and financial condition[265](index=265&type=chunk)[266](index=266&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=61&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports that there were no repurchases of its equity securities during the nine months ended September 30, 2019, under its authorized Share Repurchase Program - No shares of the company's common stock were repurchased during the nine months ended September 30, 2019[267](index=267&type=chunk)

NexPoint Residential Trust, Inc. (NYSE:NXRT) Q3 2019 Earnings Conference Call October 29, 2019 11:00 PM ET Company Participants Jackie Graham – Investor Relations Brian Mitts – Executive Vice President and Chief Financial Officer Matt McGraner – Executive Vice President and Chief Investment Officer Conference Call Participants Buck Horne – Raymond James Tayo Okusanya – Mizuho Drew Babin – Baird John Massocca – Ladenburg Thalmann Barry Oxford – D.A. Davidson Craig Kucera – B. Riley FBR Rob Stevenson – Janney ...

Financial Performance - Net income attributable to common stockholders for Q3 2019 was $118747 thousand, compared to a net loss of $(5245) thousand in Q3 2018[6, 28] - For the nine months ended September 30, 2019, net income attributable to common stockholders was $112406 thousand, compared to $3158 thousand for the same period in 2018[6, 28] - Q3 Same Store NOI increased by 44% to $16898 thousand, compared to $16185 thousand for the third quarter of 2018[6, 28] - YTD Same Store NOI increased 51% to $50370 thousand, compared to $47936 thousand for the nine months ended September 30, 2018[6, 28] - NXRT increased the quarterly dividend by 136% to $03125 per share[5] Portfolio and Operations - NXRT acquired properties worth $4843 million in Nashville, TN, Orlando, FL, and Pembroke Pines, FL during Q3 2019[5, 6] - The portfolio consisted of 37 properties with 13757 units, with an average effective monthly rent of $1095 and 936% physical occupancy as of September 30, 2019[6, 28] - The company completed the sale of six properties for approximately $2899 million, netting $1402 million after debt repayment and closing costs[6] - For properties in the Portfolio, 5842 full and partial upgrades have been completed since inception, achieving an average monthly rental increase of $98 per unit, equating to a 242% ROI[6] Guidance - The company is tightening its 2019 guidance for earnings per diluted share to a midpoint of $442 and reaffirming Core FFO per diluted share guidance to a midpoint of $192[31]

PART I—FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents NexPoint Residential Trust, Inc.'s unaudited consolidated financial statements for periods ending June 30, 2019, detailing financial position, operations, and cash flows [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2019, total assets increased to $1.277 billion from $1.161 billion at year-end 2018, primarily driven by a significant increase in real estate held for sale, while total liabilities also grew to $1.003 billion from $862.6 million Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2019 (Unaudited) | December 31, 2018 | | :--- | :--- | :--- | | **Total Net Real Estate Investments** | **$1,228,497** | **$1,087,542** | | Real estate held for sale, net | $175,968 | $17,329 | | Cash and cash equivalents | $16,892 | $19,864 | | **Total Assets** | **$1,276,921** | **$1,161,210** | | Mortgages payable, net | $769,973 | $824,702 | | Mortgages payable held for sale, net | $156,636 | $13,318 | | Credit facility, net | $51,536 | $— | | **Total Liabilities** | **$1,002,541** | **$862,615** | | **Total Stockholders' Equity** | **$271,348** | **$296,028** | [Consolidated Statements of Operations and Comprehensive Income (Loss)](index=6&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income%20%28Loss%29) For Q2 2019, the company reported a net loss of $2.0 million, compared to a $1.7 million loss in Q2 2018, while the six-month period ended June 30, 2019, saw a net loss of $6.4 million, a significant shift from the $8.4 million net income in the prior year Financial Performance (in thousands, except per share amounts) | Metric | Q2 2019 | Q2 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $43,066 | $35,655 | $84,557 | $70,712 | | Total expenses | $36,463 | $30,420 | $74,239 | $61,777 | | Operating income | $6,603 | $5,235 | $10,318 | $22,677 | | Net income (loss) | $(1,987) | $(1,666) | $(6,360) | $8,428 | | Net income (loss) attributable to common stockholders | $(1,981) | $(1,661) | $(6,341) | $8,403 | | Earnings (loss) per share - diluted | $(0.08) | $(0.08) | $(0.27) | $0.39 | - The increase in net loss for Q2 2019 was primarily due to a **$2.0 million** rise in property operating expenses and a **$1.8 million** increase in interest expense, which offset revenue growth[147](index=147&type=chunk)[150](index=150&type=chunk)[157](index=157&type=chunk) - The shift from net income to net loss for the six-month period was mainly attributable to the absence of a **$13.7 million** gain on sale of real estate that was present in 2018[159](index=159&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2019, net cash from operating activities increased to $23.6 million, while investing activities used $152.3 million, and financing activities provided $125.1 million Cash Flow Summary for the Six Months Ended June 30 (in thousands) | Activity | 2019 | 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $23,620 | $17,333 | | Net cash provided by (used in) investing activities | $(152,321) | $14,449 | | Net cash provided by (used in) financing activities | $125,140 | $(35,811) | | **Net decrease in cash, cash equivalents and restricted cash** | **$(3,561)** | **$(4,029)** | [Notes to Consolidated Unaudited Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Unaudited%20Financial%20Statements) These notes detail the company's REIT structure, accounting policies, real estate portfolio, debt, and equity transactions, highlighting key acquisitions, credit facility changes, and subsequent events - The Company is a **REIT** focused on 'value-add' multifamily investments primarily in the Southeastern and Southwestern U.S., externally managed by NexPoint Real Estate Advisors, L.P[28](index=28&type=chunk)[29](index=29&type=chunk) - During the first six months of 2019, the company acquired **four properties** for a total purchase price of **$151.5 million**, with no dispositions during this period[64](index=64&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) - On January 28, 2019, the company entered into a **$75.0 million** corporate credit facility, which was later increased to **$125 million** on June 29, 2019, with **$52.5 million** outstanding as of June 30, 2019[74](index=74&type=chunk) - Subsequent to the quarter end, the company declared a quarterly dividend of **$0.275 per share**, acquired **two properties** for **$100 million**, and entered an agreement to sell **six properties** for approximately **$290 million**[127](index=127&type=chunk)[128](index=128&type=chunk)[129](index=129&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, including revenue and expense drivers, non-GAAP measures, liquidity, debt strategies, and progress on value-add programs [Results of Operations](index=37&type=section&id=Results%20of%20Operations) For Q2 2019, total revenues increased by $7.4 million to $43.1 million, but a net loss of $2.0 million was recorded due to higher operating and interest expenses, while the six-month period reported a net loss of $6.4 million, primarily due to the absence of a prior year gain on real estate sales Comparison of Operating Results (in thousands) | Metric | Q2 2019 | Q2 2018 | YTD 2019 | YTD 2018 | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $43,066 | $35,655 | $84,557 | $70,712 | | Total expenses | $(36,463) | $(30,420) | $(74,239) | $(61,777) | | Interest expense | $(8,590) | $(6,823) | $(16,678) | $(13,620) | | Gain on sales of real estate | $— | $— | $— | $13,742 | | **Net income (loss)** | **$(1,987)** | **$(1,666)** | **$(6,360)** | **$8,428** | - The increase in net loss for Q2 2019 was primarily due to a **$2.0 million** rise in property operating expenses and a **$1.8 million** increase in interest expense, which offset revenue growth[147](index=147&type=chunk)[150](index=150&type=chunk)[157](index=157&type=chunk) - The shift from net income to net loss for the six-month period was mainly attributable to the absence of a **$13.7 million** gain on sale of real estate that was present in 2018[159](index=159&type=chunk) [Non-GAAP Financial Measures](index=41&type=section&id=Non-GAAP%20Financial%20Measures) The company reported strong growth in non-GAAP operating metrics, with Q2 Same Store NOI increasing **5.4%** and FFO and AFFO per diluted share growing **14.4%** and **14.6%** respectively for the six months ended June 30, 2019 Same Store NOI Performance (Q2 2019 vs Q2 2018) | Metric | Q2 2019 ($ thousands) | Q2 2018 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Same Store revenues | $37,062 | $35,642 | 4.0% | | Same Store operating expenses | $16,225 | $15,868 | 2.2% | | **Same Store NOI** | **$20,837** | **$19,774** | **5.4%** | FFO and AFFO per Diluted Share (Six Months Ended June 30) | Metric | 2019 | 2018 | % Change | | :--- | :--- | :--- | :--- | | FFO per share - diluted | $0.91 | $0.80 | 14.4% | | Core FFO per share - diluted | $0.91 | $0.80 | 14.5% | | AFFO per share - diluted | $1.06 | $0.92 | 14.6% | [Liquidity and Capital Resources](index=49&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is supported by cash from operations, existing cash balances, and a corporate credit facility with **$72.5 million** of unused capacity, while it relies on debt and equity markets for long-term needs and raised **$9.4 million** through its ATM stock offering in Q2 2019 - Short-term liquidity is met through net cash from operations, existing cash, and an available **$72.5 million** on the Corporate Credit Facility as of June 30, 2019[213](index=213&type=chunk) - The company utilized its At-The-Market (ATM) program, issuing **252,165 shares** for net proceeds of approximately **$9.4 million** during the three months ended June 30, 2019[216](index=216&type=chunk) - The company spent **$10.6 million** on its value-add rehab program in the first six months of 2019, completing interior rehabs on **720 units**[232](index=232&type=chunk) - The Freddie Mac Green Program has been effective, contributing to a **15.5%** decrease in utility costs for YTD Same Store properties compared to the prior year[233](index=233&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk on its **$986.8 million** of total indebtedness, actively managed through interest rate swaps and caps, with a **0.25%** change in LIBOR estimated to increase annual interest expense by approximately **$500,000** - The primary market risk is interest rate risk associated with its debt, of which **$949.5 million** was floating rate as of June 30, 2019[253](index=253&type=chunk) - The company uses interest rate swaps to mitigate risk, effectively fixing the rate on **$750.0 million** of its floating rate mortgage debt with a weighted average fixed rate of **1.4272%**[255](index=255&type=chunk) Interest Rate Sensitivity Analysis | Change in Interest Rates | Annual Increase to Interest Expense | | :--- | :--- | | 0.25% | $500,000 | | 0.50% | $1,000,000 | | 1.00% | $2,000,000 | - The company is monitoring the planned transition from LIBOR to alternative reference rates like SOFR, as it has material contracts indexed to LIBOR[258](index=258&type=chunk) [Controls and Procedures](index=58&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2019, with no material changes in internal control over financial reporting during the second quarter - Based on an evaluation as of June 30, 2019, the President and CFO concluded that the company's disclosure controls and procedures were **effective**[259](index=259&type=chunk) - No changes occurred in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, these controls[261](index=261&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=59&type=section&id=Item%201.%20Legal%20Proceedings) The company is not aware of any legal proceedings that are reasonably likely to have a material adverse effect on its financial condition or results of operations - The company is party to legal proceedings arising in the ordinary course of business, but management does not believe any will have a material adverse effect[264](index=264&type=chunk) [Risk Factors](index=59&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2018 - No material changes have occurred from the risk factors disclosed in the Annual Report filed on February 19, 2019[265](index=265&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=59&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase any shares of its common stock during the six months ended June 30, 2019, under its authorized **$40 million** share repurchase program, which is effective until June 15, 2020 - The company has a share repurchase program authorized up to **$40 million**, extending to June 15, 2020. No shares were repurchased during the six months ended June 30, 2019[266](index=266&type=chunk) [Defaults Upon Senior Securities](index=59&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None - No defaults upon senior securities were reported[267](index=267&type=chunk) [Mine Safety Disclosures](index=59&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable - This item is not applicable to the company[268](index=268&type=chunk) [Other Information](index=59&type=section&id=Item%205.%20Other%20Information) None - No other information was reported under this item[269](index=269&type=chunk) [Exhibits](index=60&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including a Purchase and Sale Agreement, CEO and CFO certifications, and XBRL data files - Exhibits filed include a Purchase and Sale Agreement dated June 25, 2019, Sarbanes-Oxley Act certifications (Sections 302 and 906), and XBRL interactive data files[272](index=272&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. If an emerging growth company, indicate by check mark if the registrant has elected not to ...