Financial Data and Key Metrics - Net loss for Q3 2024 totaled $8.9 million, or a loss of $0.35 per diluted share, compared to net income of $33.7 million, or a gain of $1.28 per diluted share for Q3 2023 [6] - Q3 2024 NOI was $38.1 million on 36 properties, down from $42.1 million for Q3 2023 on 40 properties [6] - Same-store rent decreased 1.8%, while same-store occupancy grew to 94.9% [6] - Same-store NOI decreased by 2.4% compared to Q3 2023, driven by an 8.2% increase in same-store operating expenses [7] - Core FFO for Q3 2024 was $17.9 million, or $0.69 per diluted share, compared to $0.69 per diluted share for the same quarter last year [7] Business Line Data and Key Metrics - Completed 45 full and partial upgrades and leased 39 upgraded units in Q3, achieving an average monthly rent premium of $253 and a 19.5% ROI [8] - Since inception, the company has completed 8,316 full and partial upgrades, 4,704 kitchen and laundry appliance installs, and 11,389 technology package installations, resulting in significant rental increases and ROIs [8] - Dividend increased by 10.3% to $0.51 per share, with a payout ratio of 68% of core FFO [9] Market Data and Key Metrics - Same-store rental revenue increased by 2%, with Las Vegas and Raleigh markets leading growth at 11.6% and 5.4%, respectively [15] - Occupancy closed at 94.9% for Q3, with 96.2% leased as of the call date [17] - Seven out of ten markets are past peak supply, with nine markets forecasted to grow occupancy and all ten expected to grow rents over the next 12 months [19] Company Strategy and Industry Competition - The company expects to reach peak supply in Charlotte, Phoenix, and South Florida by Q3 2025, leading to a fundamental shift in favor of sustained growth through 2027 [19] - Refinancing activities have extended the weighted average debt maturity to approximately seven years and reduced the weighted average interest rate by 48 basis points to 6.21% [10] - The company plans to increase rehab output materially in 2025, focusing on value-add opportunities [19] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the near-term outlook, expecting stronger performance through 2027 due to favorable market conditions and refinancing benefits [20] - The company has $100 million of buying power for accretive investments in 2025, supported by the sale of Stone Creek and available cash [20] Other Important Information - The company adjusted core FFO to remove the amortization of deferred financing costs and mark-to-market gains or losses related to interest rate caps, aiming to better reflect ongoing operations [14] - NAV per share is estimated at a midpoint of $54.33, based on cap rates ranging from 5.25% to 5.75% [12] Q&A Session Question: What drove the 1.7% same-store revenue growth despite a 1.8% decrease in net effective rent? - The increase was driven by a 1.4% year-over-year growth in financial occupancy and a reduction in bad debt from 3.1% to 1.3% [25] Question: What caused the decrease in property G&A expenses, and is it sustainable? - The decrease was due to the use of AI and reduced on-site leasing staff, which is expected to be sustainable [26][27] Question: What drove the increase in core FFO guidance? - The increase was due to the impact of refinancing activities and the removal of mark-to-market impacts, which smoothed out core FFO calculations [29] Question: What are the company's plans for hedging new debt? - The company plans to layer in swaps as interest rates potentially decrease, aiming to take advantage of the interest rate environment [31] Question: What were the new and renewal rent spreads for the quarter? - New leases were down 6.43%, while renewals were up 2.2% [32]

NexPoint Residential Trust Inc. (NXRT) reported $64.1 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.2%. EPS of $0.79 for the same period compares to $1.28 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $64.69 million, representing a surprise of -0.92%. The company delivered an EPS surprise of +3.95%, with the consensus EPS estimate being $0.76. While investors scrutinize revenue and earnings changes year-over-year and how th ...

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to FFO of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 3.95%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.79 per share when it actually produced FFO of $0.80, delivering a surprise of 1.27%.Over th ...

Exhibit 99.1 29 October 2024 | NYSE: NXRT EARNINGS SUPPLEMENT: THIRD QUARTER 2024 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] | --- | --- | |-----------------------------------------------------------------|-------| | | | | Earnings Release | 1 | | Cautionary Statement Regarding Forward-Looking Statements | 3 | | Overview | 4 | | Highlights of Recent Activity | 5 | | Financia ...

DALLAS, Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.51 per share of NXRT common stock, payable on December 31, 2024, to stockholders of record on December 13, 2024. This represents an 10.3% increase over the previous quarter's dividend per share and an increase of 147.6% since inception in 2015. About NexPoint Residential Trust, Inc. NexPoint Residential Trust is a publicly traded REIT, ...

Company Overview - NexPoint Residential Trust, Inc. (NXRT) is a publicly traded Real Estate Investment Trust (REIT) listed on the New York Stock Exchange, focusing on acquiring, owning, and operating middle-income multifamily properties with "value-add" potential in large cities and suburban areas, primarily in the Southeastern and Southwestern United States [2] Recent Events - The company announced that its properties did not sustain any material damages due to Hurricane Milton, and it plans to provide further updates if there are any material changes [1]

DALLAS, Sept. 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company's properties did not sustain any material damages as a result of Hurricane Helene. The Company plans to provide additional updates in the event of a material change. About NXRT NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well- ...

Klaus Vedfelt Leverage is one of the most misunderstood concepts in finance. Investors have a tendency to view debt on balance sheets as the sword of Damocles, hanging overhead by a single hair. Negative perceptions of leverage in real estate spawned in the Financial Crisis as dozens of REITs had to turn keys over to banks when debt overwhelmed them. Fear of leverage has persisted and to this day, low-debt REITs trade at substantial premiums over higher-debt REITs. There is certainly truth to the idea that ...

hrabar/iStock via Getty Images Investment Thesis With a market cap of $1.13B, NexPoint Residential Trust (NYSE:NXRT) is a relatively small multifamily residential REIT. A couple of days ago, it released its Q2 results, and updated its guidance for 2024. In this article, we will look at the key takeaways from the latest earnings and the company's overall strategy. Both make NXRT, in my eyes, an attractive pick, although short-term headwinds exist. The Company And Its Strategy NXRT has traded publicly since 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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) Maryland 47-1881359 (State or other ...