Q1 2026 results: NexPoint Residential (NYSE: NXRT) AFFO at $0.77

Rhea-AI Filing Summary

NexPoint Residential Trust reported essentially flat first-quarter 2026 results with softer same-store performance and reaffirmed full-year guidance. Total revenues were $63.5 million, slightly above $63.2 million a year ago. Net loss attributable to common stockholders was $6.8 million, or $0.27 per diluted share, similar to 2025.

Cash-flow metrics were mixed. Q1 2026 FFO was $17.4 million, or $0.69 per diluted share, in line with last year, while Core FFO fell to $17.3 million, or $0.68 from $0.75. AFFO declined to $19.6 million, or $0.77 from $0.84, still covering the $0.53 quarterly dividend.

Operating metrics softened modestly. Same Store revenues and NOI decreased 2.2% and 2.7%, with average effective rent down 0.9% and occupancy down 80 bps to 93.6%. The 36‑property, 13,304‑unit portfolio posted 93.5% occupancy and average rent of $1,485.

Leverage remains elevated but partly addressed. Total debt was $1.6 billion with a net debt to enterprise value ratio of 71%. The company paid down $33.0 million on its credit facility using a new mortgage on Sedona at Lone Mountain and estimates net asset value at $40.66–$54.74 per share, midpoint $47.70, versus a quarter‑end share price of $25.00. Management reaffirmed 2026 guidance, including Core FFO of $2.42–$2.71 per diluted share and Same Store NOI growth between -2.5% and 1.5%.

Insights

REIT equity analyst

Q1 shows stable FFO, weaker Core FFO/AFFO, soft rents, high leverage but reaffirmed guidance.

NexPoint Residential Trust delivered Q1 2026 FFO of $17.4M ($0.69 per share), flat year over year, while Core FFO and AFFO declined about 9–10%. Same Store revenue and NOI fell 2.2% and 2.7%, reflecting modest rent and occupancy pressure across Sun Belt markets.

The balance sheet is a key consideration. Total debt of $1.6B against enterprise value of $2.21B implies net debt to enterprise value of 71%, with largely floating-rate mortgage financing partly hedged via $917.5M of interest rate swaps. Management used a new Sedona mortgage to repay $33.0M on the credit facility, but leverage remains elevated.

Management reaffirmed 2026 guidance, including Core FFO of $2.42–$2.71 per share and Same Store NOI growth between -2.5% and 1.5%. They also continue a high-yield dividend of $0.53 quarterly, covered by AFFO at $0.77 in Q1. Future disclosures in 2026 filings will clarify whether rent softness and expense trends stay within the guided ranges.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Total revenues: $63.5M Net loss per share: $0.27 loss FFO per share: $0.69 +5 more

8 metrics

Total revenues $63.5M Q1 2026 vs $63.2M in Q1 2025

Net loss per share $0.27 loss Q1 2026 diluted EPS, unchanged vs prior year

FFO per share $0.69 Q1 2026 diluted, vs $0.68 in Q1 2025

Core FFO per share $0.68 Q1 2026 diluted, down from $0.75 in Q1 2025

AFFO per share $0.77 Q1 2026 diluted, down from $0.84 in Q1 2025

Quarterly dividend $0.53 per share Paid March 31, 2026; same amount approved for June 30, 2026

Portfolio occupancy 93.5% Portfolio-wide occupancy as of Q1 2026 end

Net debt to enterprise value 71% Leverage ratio at March 31, 2026

Key Terms

NOI, Same Store NOI, FFO, Core FFO, +2 more

6 terms

NOI financial

"For the first quarter of 2026, NOI was $37.6 million on 36 properties"

Net operating income (NOI) is the total profit a business makes from its core operations, after subtracting expenses directly related to running the business but before accounting for taxes, interest, or investments. It shows how well the company’s main activities generate earnings and helps investors assess its financial health and profitability without the influence of external factors. Think of it as the money a store earns from sales minus the costs to keep it open.

Same Store NOI financial

"For the first quarter of 2026, Q1 Same Store NOI decreased 2.7% to $36.7 million"

Same-store Net Operating Income (NOI) tracks the change in income from a company's properties or retail locations that were owned and operating for the entire comparison period, excluding new acquisitions or dispositions. It matters to investors because it isolates the performance of the existing portfolio—like comparing the same set of stores year-to-year—to show whether underlying operations are generating more revenue or cutting costs, rather than masking results with growth from new assets.

FFO financial

"For the first quarter of 2026, FFO totaled $17.4 million, or $0.69 per diluted share"

Funds from operations (FFO) is a performance metric used mainly for real estate companies that measures the cash generated by their core rental and property-management activities, while removing accounting items such as building depreciation and one-time gains or losses from property sales. Investors rely on FFO to assess a real estate firm's ability to pay and sustain dividends and fund growth—similar to checking how much actual rent a landlord collects each month rather than paper profits.

Core FFO financial

"For the first quarter of 2026, Core FFO totaled $17.3 million, or $0.68 per diluted share"

Core FFO (Core Funds From Operations) is a real estate industry measure of a property owner's recurring cash earnings calculated by starting with net income and removing non-cash accounting items and one-time gains or losses so the number reflects ongoing operating performance. Investors use it like a trimmed-down paycheck: it helps compare cash-generating ability across periods and companies by focusing on the stable, repeatable income rather than temporary or accounting-driven swings.

AFFO financial

"For the first quarter of 2026, AFFO totaled $19.6 million, or $0.77 per diluted share"

AFFO (Adjusted Funds from Operations) is a measure of how much cash a real estate company or investment trust generates from its core operations after subtracting routine upkeep, leasing costs and other recurring expenses. Investors use it as a rough proxy for the cash available to pay dividends or reinvest, like checking how much money remains in your household budget after paying regular bills to see what you can spend or save.

net debt financial

"Net Debt was $1,574,663 for Q1 2026 in the Reconciliations section"

Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.

Earnings Snapshot

Total revenues: $63.5M · Guidance included

Q1 2026

Total revenues $63.5M +0.5% YoY

FFO per share (diluted) $0.69 +$0.01 YoY

Core FFO per share (diluted) $0.68 -$0.07 YoY

AFFO per share (diluted) $0.77 -$0.07 YoY

Same Store NOI growth -2.7% vs prior-year Same Store period

Guidance

For full-year 2026, NXRT guides to diluted Core FFO of $2.42–$2.71 per share, diluted earnings (loss) per share of $(1.54) to $(1.26), Same Store NOI growth between -2.5% and 1.5%, and potential acquisitions and dispositions each between $0 and $200M.

Understanding 8-K Material Events →

0001620393false00016203932026-04-282026-04-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2026

NEXPOINT RESIDENTIAL TRUST, INC.

(exact name of registrant as specified in its charter)

Maryland		001-36663		47-1881359
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

300 Crescent Court, Suite 700

Dallas, Texas 75201

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (214) 276-6300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.01 per share		NXRT		New York Stock Exchange; NYSE Texas, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, whether made before or after the date of this report, regardless of any general incorporation language in the filing. In a press release dated April 28, 2026, NexPoint Residential Trust, Inc. (the “Company”) announced financial results for the Company’s first quarter ended March 31, 2026. The full text of the press release is furnished herewith as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Exhibit Description
99.1		Press Release dated April 28, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEXPOINT RESIDENTIAL TRUST, INC.
	By:		/s/ Paul Richards
			Name: Paul Richards Title: Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary

Date: April 28, 2026

Exhibit 99.1

28 April 2026 | NYSE: NXRT

EARNINGS SUPPLEMENT: FIRST QUARTER 2026

NEXPOINT RESIDENTIAL TRUST, INC.

300 CRESCENT COURT, SUITE 700

DALLAS, TX 75201

INVESTOR RELATIONS:

KRISTEN GRIFFITH

NXRT.NEXPOINT.COM

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

TABLE OF CONTENTS

Earnings Release		1
Cautionary Statement Regarding Forward-Looking Statements		3
Overview		4
Highlights of Recent Activity		5
Financial Summary		7
2026 Full Year Guidance		8
Components of Net Asset Value		9
Consolidated Balance Sheets		10
Consolidated Statements of Operations		11
NOI and Same Store NOI		12
Q1 Same Store Results		13
Q1 Same Store Properties Operating Metrics		15
QoQ Same Store Properties Operating Metrics		16
FFO, Core FFO and AFFO		17
Historical Capital Expenditures		18
Value-Add Program Details		19
Outstanding Debt Details		22
Debt Maturity Schedule		24
Historical Acquisition Details		26
Historical Disposition Details		27
Definitions and Reconciliations of Non-GAAP Measures		28

Sedona at Lone Mountain: Las Vegas, NV

Patio Extensions Underway, ~30% return on Investment

Mockup of Refreshed Exterior Full Paint

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 FIRST QUARTER 2026 RESULTS

NXRT Recaps Value-Add Results, Tames Expense Growth and Pays Down $33.0 Million on Credit Facility

Dallas, TX, April 28, 2026 – NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the first quarter ended March 31, 2026.

Highlights

•NXRT1 reported net loss, FFO2, Core FFO2 and AFFO2 of $6.8M, $17.4M, $17.3M and $19.6M, respectively, attributable to common stockholders for the quarter ended March 31, 2026, compared to net loss, FFO, Core FFO, and AFFO of $6.9M, $17.4M, $19.1M and $21.6M, respectively, attributable to common stockholders for the quarter ended March 31, 2025.

•For the three months ended March 31, 2026, Q1 Same Store properties3 total revenue, NOI2 , average effective rent, and occupancy decreased 2.2%, 2.7%, 0.9% and 80 bps, respectively, over the prior year period.

•The weighted average effective monthly rent per unit across all 36 properties held as of March 31, 2026 (the “Portfolio”), consisting of 13,304 units4, was $1,485, while physical occupancy was 93.5%.

•NXRT paid a first quarter dividend of $0.53 per share of common stock on March 31, 2026 to stockholders of record on March 13, 2026.

•On February 3, 2026, NXRT used proceeds from a new mortgage note secured by Sedona at Lone Mountain to pay down $33.0 million of its outstanding principal balance on the Credit Facility.

•During the first quarter, for the properties in the Portfolio, NXRT completed 300 full and partial upgrades, leased 225 upgraded units, achieving an average monthly rent premium of $69 and a 19.0% ROI5.

•Since inception, NXRT has completed installation of 10,118 full and partial upgrades, 5,027 kitchen and laundry appliances and 11,199 technology packages, resulting in $155, $51 and $43 average monthly rental increase per unit and 20.7%, 63.5% and 37.2% ROI, respectively.

(1)In this release, “we,” “us,” “our,” the “Company,” and “NXRT” each refer to NexPoint Residential Trust, Inc., a Maryland corporation.

(2)FFO, Core FFO, AFFO and NOI are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of FFO, Core FFO, AFFO and NOI to net income (loss), see the “Definitions and Reconciliations of Non-GAAP Measures” and “FFO, Core FFO and AFFO” sections of this release.

(3)We define “Same Store” properties as properties that were in our Portfolio for the entirety of the periods being compared. There are 35 properties encompassing 12,984 units of apartment space in our Same Store pool for the three months ended March 31, 2026 (our “Q1 Same Store” properties).

(4)Total number of units owned as of March 31, 2026 is 13,305, however 1 unit is currently down.

(5)We define Return on Investment (“ROI”) as the sum of the actual 12-month rent premium divided by the sum of the total cost.

NXRT.NEXPOINT.COM Page 1

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

First Quarter 2026 Financial Results

•Total revenues were $63.5 million for the first quarter of 2026, compared to $63.2 million for the first quarter of 2025.

•Net loss attributable to common stockholders for the first quarter of 2026 totaled $6.8 million, or loss of $0.27 per diluted share. This compared to net loss attributable to common stockholders of $6.9 million, or loss of $0.27 per diluted share for the first quarter of 2025.

•The change in our net loss of $6.8 million for the three months ended March 31, 2026 as compared to our net loss of $6.9 million for the three months ended March 31, 2025 primarily relates to an increase in operating income of $1.1 million offset by an increase in interest expense of $1.0 million.

•For the first quarter of 2026, NOI was $37.6 million on 36 properties, compared to $37.8 million for the first quarter of 2025 on 35 properties.

•For the first quarter of 2026, Q1 Same Store NOI decreased 2.7% to $36.7 million, compared to $37.7 million for the full year 2025.

•For the first quarter of 2026, FFO totaled $17.4 million, or $0.69 per diluted share, compared to $17.4 million, or $0.68 per diluted share, for first quarter of 2025. For the first quarter of 2026, Core FFO totaled $17.3 million, or $0.68 per diluted share, compared to $19.1 million, or $0.75 per diluted share, for the first quarter of 2025. For the first quarter of 2026, AFFO totaled $19.6 million, or $0.77 per diluted share, compared to $21.6 million, or $0.84 per diluted share, for the first quarter of 2025.

Subsequent Events

•On April 27, 2026, the Company’s Board approved a quarterly dividend of $0.53 per share, payable on June 30, 2026 to stockholders of record on June 16, 2026.

First Quarter Earnings Conference Call

NXRT will host a call on Tuesday, April 28, 2026, at 11:00 a.m. ET (10:00 a.m. CT), to discuss its first quarter 2026 financial results. The conference call can be accessed live over the phone by dialing 888-660-4430 or, for international callers, +1 646-960-0537 and using passcode Conference ID: 5001576. A live audio webcast of the call will be available online at the Company's website, nxrt.nexpoint.com (under "Resources"). An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days.

A replay of the conference call will also be available through Tuesday, May 14, 2026, by dialing 800-770-2030 or, for international callers, +1 647-362-9199 and entering passcode 5001576.

About NXRT

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust (“REIT”), with its common stock listed on the New York Stock Exchange and NYSE Texas, Inc. under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an 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 “Financials” tab.

NXRT.NEXPOINT.COM Page 2

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as “expect,” “anticipate,” “estimate,” “may,” “plan,” “believe” and similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding NXRT’s business and industry in general, supply and demand outlook, forecasted submarket deliveries, 2026 full year guidance for earnings per diluted share and Core FFO per diluted share and the related components and assumptions, including acquisitions and dispositions, shares outstanding, and same store growth projections, NXRT’s net asset value and the related components and assumptions, including estimated value-add expenditures, debt payments, outstanding debt, and shares outstanding, net income and NOI guidance for the full year and second quarter of 2026 and the related assumptions, planned value-add programs, including projected average rehab costs, rent change and return on investment, and expected settlement of interest rate swaps and the effect on the debt maturity schedule, rehab budgets. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement, including those described in greater detail in our filings with the SEC, particularly those described in our Annual Report on Form 10-K. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s most recent Annual Report on Form 10-K and other filings with the SEC for a more complete discussion of the risks and other factors that could affect any forward-looking statements. The statements made herein speak only as of the date of this release and except as required by law, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements.

NXRT.NEXPOINT.COM Page 3

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

NEXPOINT RESIDENTIAL TRUST, INC: FIRST QUARTER 2026 OVERVIEW

Company Profile

(share counts in thousands)
Exchange/Ticker	NYSE; NYSE Texas: NXRT
Share Price (1)	$26.36
Insider Ownership (2)	17.07%
2026 Q2 Dividend Per Share	$0.53
Dividend Yield (1)	8.04%
Shares outstanding - basic (3)	25,398
Shares outstanding - diluted (3)	25,398

(1)As of the close of market trading on April 27, 2026.

(2)As of the close of market trading on March 31, 2026.

(3)Weighted average for the three months ended March 31, 2026.

Portfolio Composition by Market

Market		% of Units
Phoenix			15.1	%
South Florida			14.7	%
Dallas/Fort Worth			14.6	%
Atlanta			12.7	%
Las Vegas			11.2	%
Nashville			10.1	%
Orlando			8.8	%
Raleigh			4.7	%
Tampa			4.3	%
Charlotte			3.8	%
Total			100.0	%

Revenue & Average Rent Per Unit		Stock Price Performance (Since Inception; 4/1/2015)

NXRT.NEXPOINT.COM Page 4

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Highlights of First Quarter 2026 Activity

Operating Snapshot
Metric	1Q'26	4Q'25	QoQ	1Q'25	YoY
Same Store Ending Physical Occupancy:	93.6%	92.7%	0.9%	94.40%	-0.8%
Same Store Blended Lease Trade-out %:	-1.92%	-1.36%	-0.56%	-1.59%	-0.3%
Same Store Average Effective Monthly Rent per Unit:	$1,482	$1,489	-0.5%	$1,495	-0.9%
Resident Turnover:	44.4%	41.9%	2.6%	46.3%	-1.9%
Move-outs to Purchase a Home:	7.9%	8.7%	0.8%	10.6%	2.7%
Move-outs to Rent a Home:	1.9%	2.6%	0.7%	1.2%	-0.6%
Bad Debt as % of Gross Potential Revenue:	0.55%	0.81%	32.0%	1.02%	45.7%
Monthly Leasing Cadence
Metric	Jan '26	Feb '26	Mar '26	Q1 '26	Apr MTD
New Lease Trade-out %	-7.0%	-7.3%	-5.6%	-6.6%	-4.0%
Renewal Lease Trade-out %	2.4%	2.5%	2.2%	2.3%	1.8%
Blended Lease Trade-out %	-1.9%	-2.1%	-1.7%	-1.9%	-1.2%
Ending Occupancy %	92.6%	93.0%	93.6%	93.6%	93.9%
Ending Leased %	94.6%	95.2%	95.6%	95.6%	95.9%
Resident Retention	54.8%	54.8%	57.2%	55.6%	55.8%
Market-Level Lease Trade-outs: Q1 2026
Market	New Leases	% Change	$ Change	Renewals	% Change	$ Change
Dallas/Fort Worth	210	-9.6%	-$114	181	1.9%	$22
Charlotte	36	-8.5%	-$126	69	1.3%	$18
Nashville	129	-7.7%	-$101	141	1.7%	$20
Atlanta	161	-5.8%	-$82	218	1.0%	$15
Orlando	163	-9.8%	-$152	125	1.1%	$17
Tampa	76	-7.2%	-$95	81	1.8%	$23
South Florida	187	-5.5%	-$123	231	1.7%	$36
Phoenix	201	-6.4%	-$95	229	-0.6%	-$12
Las Vegas	178	-1.5%	-$21	159	12.2%	$164
Raleigh	47	-3.8%	-$52	94	2.2%	$30
TOTAL	1,388	-6.6%	-$97	1,528	2.3%	$33
Leasing Data Indicators
Metric	Q2'25	Q3'25	Q4'25	Q1'26	April to Date
Leads	31,888	29,317	26,565	31,882	6,446
Tours	4,757	5,027	3,597	4,270	996
Self-Guided Tours	902	950	706	798	185
Applications	1,526	1,612	1,195	1,571	309
Lead to Application Conversion	4.8%	5.5%	4.5%	4.9%	4.8%
Tour to Application Conversion	32.1%	32.1%	33.2%	36.8%	31.0%
Move-ins	1,130	1,507	1,146	1,354	288
Supply & Demand Outlook - RealPage Market Analytics (1)
Metric	NXRT Submarkets		NXRT Markets
1Q'26 Supply	2,426		24,199
1Q'26 Demand	3,733		28,125
Net Absorption	+1,307		+3,926
1Q'26 Occupancy	94.1%		93.9%
FY'26 Supply	10,158		117,641
FY'26 Demand	10,239		103,850
Net Absorption	+81		-13,791

(1)Source: 2026 Realpage, Inc.; Data as of April 2026.

NXRT.NEXPOINT.COM Page 5

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

FORECASTED SUBMARKET DELIVERIES(1)

Market	Submarket (RealPage)	Property	NXRT Unit Exposure			2026 Q1 Inventory			2025 Deliveries			2026 Deliveries			2027 Deliveries			2028 Deliveries			3-year Deliveries			3-year % Growth
ATL	Southeast Marietta	Rockledge		708			13,563			-			-			-			-			-		0.0%
ATL	Southeast Marietta	The Preserve at Terrell Mill		752			13,563			-			-			-			-			-		0.0%
ATL	Sandy Springs	The Adair		232			20,363			286			120			975			-			1,095		5.4%
CHA	Huntersville/Cornelius	The Verandas at Lake Norman		264			9,622			1,012			1,713			577			238			2,528		26.3%
CHA	Matthews/Southeast Charlotte	Creekside at Matthews		240			13,299			499			277			920			55			1,252		9.4%
DFW	East Fort Worth	The Venue at 8651		333			13,069			-			398			-			-			398		3.0%
DFW	Far North Dallas	Versailles		388			30,136			-			-			-			-			-		0.0%
DFW	Far North Dallas	Versailles II		242			30,136			-			-			-			-			-		0.0%
DFW	Hurst/Euless/Bedford	Arbors on Forest Ridge		210			33,875			526			326			-			-			326		1.0%
DFW	Hurst/Euless/Bedford	Summers Landing		196			33,875			526			326			-			-			326		1.0%
DFW	Oak Lawn/Park Cities	Atera		380			21,508			612			574			212			-			786		3.7%
DFW	Richardson	Cutters Point		196			20,443			223			336			881			169			1,386		6.8%
LSV	Northwest Las Vegas	Bella Solara		320			22,679			516			44			77			266			387		1.7%
LSV	Northwest Las Vegas	Bloom		528			22,679			516			44			77			266			387		1.7%
LSV	Southwest Las Vegas	Torreyana		316			22,442			1,173			1,300			751			236			2,287		10.2%
LSV	North Las Vegas	Sedona at Lone Mountain		321			12,427			522			750			271			-			1,021		8.2%
NASH	East Nashville	Residences at Glenview Reserve		360			15,561			852			52			168			-			220		1.4%
NASH	South Nashville	Arbors of Brentwood		346			18,215			264			60			133			-			193		1.1%
NASH	South Nashville	Brandywine		632			18,215			264			60			133			-			193		1.1%
ORL	East Orlando	The Cornerstone		430			22,776			337			370			363			-			733		3.2%
ORL	Northwest Orlando	Residences at West Place		342			17,698			465			29			299			-			328		1.9%
ORL	South Orange County	Sabal Palm at Lake Buena Vista		400			36,612			1,858			1,281			1,633			369			3,283		9.0%
PHX	Chandler	Fairways at San Marcos		352			27,091			815			661			354			157			1,172		4.3%
PHX	North Central Phoenix	Heritage		204			27,249			191			240			167			-			407		1.5%
PHX	North Central Phoenix	The Venue on Camelback		415			27,249			191			240			167			-			407		1.5%
PHX	Northeast Phoenix	Bella Vista		248			22,762			112			167			707			530			1,404		6.2%
PHX	South Tempe	Enclave		204			16,998			-			130			99			-			229		1.3%
PHX	Southwest Mesa	Madera Point		256			18,361			129			-			211			-			211		1.1%
PHX	West Phoenix	Estates on Maryland		330			15,596			-			57			-			-			57		0.4%
RDU	Far North Raleigh	Six Forks Station		323			13,487			63			555			286			-			841		6.2%
RDU	North Cary/Morrisville	High House at Cary		302			23,721			500			691			466			521			1,678		7.1%
SFL	Pembroke Pines/Miramar	Avant at Pembroke Pines		1,520			25,713			332			-			-			-			-		0.0%
SFL	West Palm Beach	Parc500		217			33,965			343			1,512			-			-			1,512		4.5%
SFL	West Palm Beach	Seasons 704		222			33,965			343			1,512			-			-			1,512		4.5%
TPA	Egypt Lake/Lowry Park	Courtney Cove		324			13,926			245			28			-			-			28		0.2%
TPA	Temple Terrace	The Summit at Sabal Park		252			16,551			202			246			84			-			330		2.0%
Totals/Averages		Total		13,305			599,708			12,077			11,917			9,634			2,541			24,092		4.0%

(1)Source: 2026 Realpage, Inc.; Data as of April 2026.

NXRT.NEXPOINT.COM Page 6

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Financial Summary

		Q1 2026				Q1 2025				FY 2025				FY 2024
(in thousands, except for per share and unit data)
Company Profile
Market Capitalization		$	637,000			$	1,011,000			$	763,000			$	1,061,000
Share Price (as of the last day of the period)		$	25.00			$	39.53			$	30.10			$	41.75
Weighted average common shares outstanding - basic			25,398				25,448				25,390				25,516
Weighted average common shares outstanding - diluted			25,398				25,448				25,390				26,246
Earnings Profile
Total revenues		$	63,544			$	63,216			$	251,281			$	259,701
Net income (loss) attributable to common stockholders			(6,754	)			(6,897	)			(32,027	)			1,110
NOI (1)			37,636				37,760				151,737				157,035
Same Store NOI (2)			36,699				37,734				151,591				154,050
Same Store NOI Growth (%) (2)			-2.7	%							-1.6	%
Earnings Metrics Per Common Share (diluted basis)
Earnings (loss)		$	(0.27	)		$	(0.27	)		$	(1.26	)		$	0.04
FFO (1)		$	0.69			$	0.68			$	2.48			$	1.69
Core FFO (1)		$	0.68			$	0.75			$	2.79			$	2.79
AFFO (1)		$	0.77			$	0.84			$	3.18			$	3.19
Dividends declared per common share		$	0.53			$	0.51			$	2.06			$	1.90
Net Income (Loss) Coverage (3)		-0.51x				-0.53x				-0.61x				0.02x
FFO Coverage (3)		1.30x				1.33x				1.20x				0.89x
Core FFO Coverage (3)		1.28x				1.46x				1.35x				1.47x
AFFO Coverage (3)		1.46x				1.65x				1.54x				1.68x
Portfolio
Total Properties			36				35				36				35
Total Units (4)			13,304				12,948				13,305				12,984
Occupancy			93.5	%			94.4	%			92.7	%			94.7	%
Average Effective Monthly Rent per Unit		$	1,485			$	1,495			$	1,492			$	1,491
Same Store Portfolio Metrics (2)
Total Same Store Properties			35				35				35				35
Total Same Store Units			12,984				12,948				12,963				12,948
Occupancy			93.6	%			94.4	%			92.7	%			94.7	%
Average Effective Monthly Rent per Unit		$	1,482			$	1,495			$	1,489			$	1,491
Value-Add Program
Completed Full and Partial Interior Rehab Units			300				210				1,518				388
Cumulative Completed Rehab Units (5)			10,118
Average Increase to Effective Monthly Rent      per Unit (Post-Rehab)		$	155
ROI on Post-Rehab Units			20.7	%
Outstanding Debt Summary
Total Mortgage Debt		$	1,543,529			$	1,503,242
Credit Facility			57,000				—
Total Debt Outstanding		$	1,600,529			$	1,503,242
Leverage Ratio (Total Debt to Market Capitalization plus Total Debt)			72	%			60	%
Leverage Ratio (Net Debt to Enterprise Value) (6)			71	%			59	%

(1)For more information and reconciliations of NOI, FFO, Core FFO and AFFO, see the “FFO, Core FFO and AFFO,” “NOI and Same Store NOI” and “Definitions and Reconciliations of Non-GAAP Measures” sections of this release.

(2)We define “Same Store” properties as properties that were in our Portfolio for the entirety of the periods being compared. For additional information regarding our Q1 Same Store properties, see the “Q1 Same Store Results” section of this release.

(3)Indicates coverage ratio of net loss/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period. The Company uses actual diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO. For periods in which potential common shares are anti‑dilutive, diluted weighted‑average shares outstanding are equal to basic weighted‑average shares outstanding.

(4)Total units owned is 13,305, however 1 unit is currently down.

(5)Inclusive of all full and partial interior upgrades completed through March 31, 2026. Cumulative results exclude rehabs completed for properties sold through March 31, 2026.

(6)For more information and a reconciliation of debt to net debt, see the “Definitions and Reconciliations of Non-GAAP Measures” section of this release.

NXRT.NEXPOINT.COM Page 7

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

2026 Full Year Guidance Summary

NXRT is reaffirming 2026 guidance ranges for earnings (loss) 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 dispositions as follows (dollars in millions, except per share amounts):

		Guidance Range (1)
		Low-End				Mid-Point				High-End
Earnings (loss) per diluted share (1)		$	(1.54	)		$	(1.40	)		$	(1.26	)
Core FFO per diluted share (1) (2)		$	2.42			$	2.57			$	2.71
Same Store Growth: (3)
Rental Income			0.0	%			0.9	%			1.9	%
Total Revenue			0.1	%			1.1	%			2.0	%
Total Expenses			4.2	%			3.5	%			2.8	%
Same Store NOI (2)			-2.5	%			-0.5	%			1.5	%
Other Considerations: (4)
Acquisitions		$	—			$	100.0			$	200.0
Dispositions		$	—			$	100.0			$	200.0

(1)Weighted average diluted share count estimate for full year 2026 is approximately 25.7 million.

(2)Same Store NOI and Core FFO are non-GAAP measures. For reconciliations of Full Year 2026 Same Store NOI and Core FFO guidance to net loss guidance, and a discussion of why we consider these non-GAAP measures useful, see the “Definitions and Reconciliations of Non-GAAP Measures” section of this release.

(3)Year-over-year growth for the Full Year 2026 Same Store pool (35 properties).

(4)We continue to evaluate our Portfolio for capital recycling opportunities. Transaction volumes presented are incorporated into the earnings per share and Core FFO guidance above. Actual acquisitions and dispositions could vary significantly from our projections. We undertake no duty to update these assumptions, except as required by law.

Additional information on 2026 financial and earnings guidance is included in the following sections of this release.

NXRT.NEXPOINT.COM Page 8

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

Property		NOI		Cap Rate Range (1)				Value Range (2)
Market		Contribution		Min		Max		Min				Max
Texas
Dallas/Fort Worth		10.3%		5.25%		5.75%		$	272,106			$	310,606
North Carolina
Raleigh		4.3%		5.25%		5.75%			114,735				130,969
Charlotte		4.0%		5.25%		5.75%			104,821				119,652
Georgia
Atlanta		12.1%		5.25%		5.75%			318,274				363,306
Tennessee
Nashville		9.0%		5.25%		5.75%			236,365				269,808
Florida
Orlando		9.1%		5.25%		5.75%			240,930				275,018
Tampa		3.5%		5.25%		5.75%			93,355				106,564
South Florida		20.6%		5.25%		5.75%			544,933				622,035
Nevada
Las Vegas		11.5%		5.25%		5.75%			303,974				346,982
Arizona
Phoenix		15.6%		5.25%		5.75%			411,021				469,176
Total / Ave		100.0%		5.25%		5.75%		$	2,640,514			$	3,014,116

NOI ESTIMATE

4Q 2025 NOI Actual						37,124
Q1 2026 NOI Actual						37,636
		Low						High
Estimated Q2 2026 NOI Guidance (3)			37,559						39,411
2026 NOI Guidance (3)		$	151,830					$	158,241

NAV SUMMARY

Component		Min						Max
Tangible Assets
Real Estate (2)		$	2,640,514					$	3,014,116
Cash						18,465
Restricted Cash - Renovation Reserves (4)						7,401
Renovation Expenditures (4)						(7,401	)
Cash Adjustments						0
Fair Market Value of Interest Rate Swaps						9,222
Other Assets						40,727
Value of Assets		$	2,708,928					$	3,082,530
Tangible Liabilities
Credit Facility (5)					$	57,000
Mortgage Debt						1,543,529
Total Outstanding Debt						1,600,529
Forward 12-month Principal Payments						0
Total Outstanding Debt (FY 2026 Est.)						1,600,529
Other Tangible Liabilities (at Book)						29,667
Value of Liabilities					$	1,630,196
Net Leverage (mid-point)					56%
Net Asset Value		$	1,078,732					$	1,452,334
Shares outstanding - diluted (FY 2026 Est.)						26,530
Est. NAV / Share		$	40.66					$	54.74
NAV / Share (mid-point)					$	47.70

IMPLIED VALUATION METRICS

		Min						Max
Implied Real Estate Value		$	2,640,514					$	3,014,116
No. of Units (March 31, 2026) (2)						13,305
Implied Value/Apartment Unit		$	198.5					$	226.5
Implied Value/Apartment Unit (mid-point)					$	212.5

(1)Management estimates based on independent third-party review of our properties.

(2)Estimated value ranges are presented for the existing portfolio 36 properties at March 31, 2026.

(3)The Company anticipates net loss will be in the range between approximately $39.7 million and $32.5 million for the full year 2026 and between $11.6 million and $9.7 million for the second quarter of 2026. FY 2026 NOI Guidance considers a commensurate volume of capital recycling.

(4)Includes approximately $7.4 million that is held for value-add upgrades; reduced by $7.4 million for estimated 2026 rehab expenditures.

(5)Includes outstanding balance as of March 31, 2026.

NXRT.NEXPOINT.COM Page 9

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

NEXPOINT RESIDENTIAL TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

		March 31, 2026				December 31, 2025
		(Unaudited)
ASSETS
Operating Real Estate Investments
Land		$	371,656			$	371,656
Buildings and improvements			1,816,938				1,812,311
Intangible lease assets			1,052				1,052
Construction in progress			5,713				8,535
Furniture, fixtures and equipment			229,950				224,661
Total Gross Operating Real Estate Investments			2,425,309				2,418,215
Accumulated depreciation and amortization			(628,612	)			(604,321	)
Total Net Operating Real Estate Investments			1,796,697				1,813,894
Cash and cash equivalents			18,465				13,704
Restricted cash			34,318				31,476
Accounts receivable, net			8,760				9,059
Prepaid and other assets			5,050				4,852
Fair market value of interest rate swaps			9,222				13,434
TOTAL ASSETS		$	1,872,512			$	1,886,419
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Mortgages payable, net		$	1,510,401			$	1,469,410
Credit facility, net			55,292				88,102
Accounts payable and other accrued liabilities			11,697				11,554
Accrued real estate taxes payable			7,203				5,251
Accrued interest payable			6,701				7,053
Security deposit liability			2,885				2,980
Prepaid rents			1,181				1,170
Fair market value of interest rate swaps			—				475
Total Liabilities			1,595,360				1,585,995
Redeemable noncontrolling interests in the OP			4,724				4,928
Stockholders' Equity:
Preferred stock, $0.01 par value: 100,000,000 shares authorized; 0 shares issued			—				—
Common stock, $0.01 par value: 500,000,000 shares authorized; 25,491,439 and 25,364,470 shares issued and outstanding, respectively			255				254
Additional paid-in capital			407,722				406,628
Accumulated earnings less dividends			(143,850	)			(123,409	)
Accumulated other comprehensive income			8,301				12,023
Total Stockholders' Equity			272,428				295,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	1,872,512			$	1,886,419

NXRT.NEXPOINT.COM Page 10

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

NEXPOINT RESIDENTIAL TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS

(in thousands, except per share amounts)

(Unaudited)

		For the Three Months Ended March 31,
		2026				2025
Revenues
Rental income		$	61,056			$	61,440
Other income			2,488				1,776
Total revenues			63,544				63,216
Expenses
Property operating expenses			12,343				12,468
Real estate taxes and insurance			8,079				9,002
Property management fees (1)			1,814				1,820
Advisory and administrative fees (2)			1,771				1,696
Corporate general and administrative expenses			4,473				4,457
Property general and administrative expenses			2,254				2,000
Depreciation and amortization			24,291				24,350
Total expenses			55,025				55,793
Operating income			8,519				7,423
Interest expense			(15,442	)			(14,381	)
Casualty loss			—				(163	)
Equity in earnings of affiliate			68				55
Miscellaneous income			74				142
Net loss			(6,781	)			(6,924	)
Net loss attributable to redeemable noncontrolling interests in the OP			(27	)			(27	)
Net loss attributable to common stockholders		$	(6,754	)		$	(6,897	)
Other comprehensive loss
Unrealized losses on interest rate derivatives			(3,737	)			(10,172	)
Total comprehensive loss			(10,518	)			(17,096	)
Comprehensive loss attributable to redeemable noncontrolling interests in the OP			(42	)			(67	)
Comprehensive loss attributable to common stockholders		$	(10,476	)		$	(17,029	)
Weighted average common shares outstanding - basic			25,398				25,448
Weighted average common shares outstanding - diluted			25,398				25,448
Loss per share - basic		$	(0.27	)		$	(0.27	)
Loss per share - diluted		$	(0.27	)		$	(0.27	)

(1)Fees incurred to an unaffiliated third party that is an affiliate of a noncontrolling limited partner of NexPoint Residential Trust Operating Partnership, L.P. (the "OP").

(2)Fees incurred to the Company’s adviser.

NXRT.NEXPOINT.COM Page 11

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 and our Q1 Same Store NOI for the three months ended March 31, 2026 and 2025 to net loss, the most directly comparable GAAP financial measure (in thousands):

		For the Three Months Ended March 31,
		2026				2025
Net loss		$	(6,781	)		$	(6,924	)
Adjustments to reconcile net loss to NOI:
Advisory and administrative fees			1,771				1,696
Corporate general and administrative expenses			4,473				4,457
Corporate income			(590	)			(442	)
Casualty-related recoveries	(1)		(1,753	)			(656	)
Casualty loss			—				163
Property general and administrative expenses	(2)		851				790
Depreciation and amortization			24,291				24,350
Interest expense			15,442				14,381
Equity in earnings of affiliate			(68	)			(55	)
NOI		$	37,636			$	37,760
Less Non-Same Store
Revenues			(1,560	)			(4	)
Operating expenses			623				(22	)
Same Store NOI		$	36,699			$	37,734

(1)Adjustment to net loss to exclude certain property operating expenses that are casualty-related recoveries.

(2)Adjustment to net loss to exclude certain property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees.

NXRT.NEXPOINT.COM Page 12

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Q1 Same Store Results of Operations for the Three Months Ended March 31, 2026 and 2025

There are 35 properties encompassing 12,984 units of apartment space, or approximately 98% of our Portfolio, in our Q1 Same Store properties. Our Q1 Same Store properties excludes Sedona at Lone Mountain from our Portfolio as of March 31, 2026.

As of March 31, 2026, our Q1 Same Store properties were approximately 93.6% leased with a weighted average monthly effective rent per occupied apartment unit of $1,482, which were decreases of 80 bps and $13, respectively.

The following table reflects the revenues, property operating expenses and NOI for the three months ended March 31, 2026 and 2025 for our Q1 Same Store and Non-Same Store properties (dollars in thousands):

		For the Three Months Ended March 31,
		2026				2025				$ Change				% Change
Revenues
Same Store
Rental income		$	59,540			$	61,436			$	(1,896	)			-3.1	%
Other income			1,854				1,334				520				39.0	%
Same Store revenues			61,394				62,770				(1,376	)			-2.2	%
Non-Same Store
Rental income			1,516				4				1,512			N/M
Other income			44				—				44				0.0	%
Non-Same Store revenues			1,560				4				1,556			N/M
Total revenues			62,954				62,774				180				0.3	%
Operating expenses
Same Store
Property operating expenses (1)			13,811				13,122				689				5.3	%
Real estate taxes and insurance			7,810				9,026				(1,216	)			-13.5	%
Property management fees (2)			1,773				1,820				(47	)			-2.6	%
Property general and administrative expenses (3)			1,375				1,210				165				13.6	%
Same Store operating expenses			24,769				25,178				(409	)			-1.6	%
Non-Same Store
Property operating expenses			285				2				283			N/M
Real estate taxes and insurance			269				(24	)			293			N/M
Property management fees (2)			41				—				41				0.0	%
Property general and administrative expenses (4)			28				—				28				0.0	%
Non-Same Store operating expenses			623				(22	)			645			N/M
Total operating expenses			25,392				25,156				236				0.9	%
Operating income
Same Store
Miscellaneous income			74				142				(68	)			-47.9	%
Total operating income			74				142				(68	)			-47.9	%
NOI
Same Store			36,699				37,734				(1,035	)			-2.7	%
Non-Same Store			937				26				911			N/M
Total NOI (6)		$	37,636			$	37,760			$	(124	)			-0.3	%

(1)For the three months ended March 31, 2026 and 2025, excludes approximately $96,000 and $(656,000), respectively, of casualty-related expenses/(recoveries).

(2)Fees incurred to an unaffiliated third party that is an affiliate of a noncontrolling limited partner of the OP.

(3)For the three months ended March 31, 2026 and 2025, excludes approximately $807,000 and $791,000, respectively, of expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees.

(4)For the three months ended March 31, 2026 and 2025, excludes approximately $44,000 and $(1,000), respectively, of expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees.

NXRT.NEXPOINT.COM Page 13

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

(5)For additional information regarding NOI, see the “Definitions and Reconciliations of Non-GAAP Measures” and “NOI and Same Store NOI” sections of this release.

The following table contains additional information about our Q1 Same Store properties rent and occupancy metrics, revenues, operating expenses and NOI for the three months ended March 31, 2026 and 2025 (dollars in thousands, except for per unit data):

		Q1 2026				Q1 2025				% Change
Same Store Total Units			12,984				12,948
Same Store Occupied Units			12,154				12,228
Same Store Ending Occupancy			93.6	%			94.4	%			-0.8	%
Same Store Average Rent per Unit		$	1,482			$	1,495				-0.9	%
Same Store Revenues
Same Store Rental Income		$	59,540			$	61,436				-3.1	%
Same Store Other Income			1,854				1,334				39.0	%
Total Same Store Revenues			61,394				62,770				-2.2	%
Same Store Operating Expenses
Payroll			4,739				4,949				-4.2	%
Repairs & Maintenance			6,036				5,238				15.2	%
Utilities			3,036				2,935				3.4	%
Real Estate Taxes			6,511				7,329				-11.2	%
Insurance			1,299				1,697				-23.5	%
Property Management Fees			1,773				1,820				-2.6	%
Office Operations			916				905				1.2	%
Marketing			459				305				50.5	%
Total Same Store Operating Expenses			24,769				25,178				-1.6	%
Same Store Operating Income
Miscellaneous income			74				142				-47.9	%
Total Same Store Operating Income			74				142				-47.9	%
Q1 Same Store NOI		$	36,699			$	37,734				-2.7	%

NXRT.NEXPOINT.COM Page 14

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Q1 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				Q1 2026			Q1 2025			% Change	Q1 2026			Q1 2025			bps ∆			Q1 2026			Q1 2025			% Change
Texas
Dallas			1,945			$	1,207		$	1,236		-2.3%		92.0	%		93.3	%		-130		$	7,552		$	7,992		-5.5%
Average/Total			1,945				1,207			1,236		-2.3%		92.0	%		93.3	%		-130			7,552			7,992		-5.5%
North Carolina
Charlotte			504				1,396			1,389		0.5%		93.7	%		95.2	%		-150			2,224			2,274		-2.2%
Raleigh/Durham			625				1,431			1,409		1.6%		94.1	%		92.2	%		190			2,710			2,636		2.8%
Average/Total			1,129				1,415			1,400		1.1%		93.9	%		93.5	%		40			4,934			4,910		0.5%
Georgia
Atlanta			1,692				1,450			1,463		-0.9%		92.6	%		93.8	%		-120			7,436			7,552		-1.5%
Average/Total			1,692				1,450			1,463		-0.9%		92.6	%		93.8	%		-120			7,436			7,552		-1.5%
Tennessee
Nashville			1,338				1,244			1,265		-1.7%		92.6	%		95.4	%		-280			5,257			5,483		-4.1%
Average/Total			1,338				1,244			1,265		-1.7%		92.6	%		95.4	%		-280			5,257			5,483		-4.1%
Florida
Orlando			1,172				1,535			1,553		-1.2%		92.8	%		94.6	%		-180			5,309			5,635		-5.8%
Tampa			576				1,337			1,327		0.8%		92.9	%		94.3	%		-140			2,345			2,456		-4.5%
South Florida			1,959				2,127			2,142		-0.7%		95.2	%		95.5	%		-30			12,794			13,110		-2.4%
Average/Total			3,707				1,817			1,829		-0.7%		94.1	%		95.0	%		-90			20,448			21,201		-3.6%
Arizona
Phoenix			2,009				1,395			1,435		-2.8%		95.1	%		94.6	%		50			8,900			9,224		-3.5%
Average/Total			2,009				1,395			1,435		-2.8%		95.1	%		94.6	%		50			8,900			9,224		-3.5%
Nevada
Las Vegas			1,164				1,378			1,357		1.5%		94.5	%		95.0	%		-50			5,013			5,074		-1.2%
Average/Total			1,164				1,378			1,357		1.5%		94.5	%		95.0	%		-50			5,013			5,074		-1.2%
Average/Total			12,984			$	1,482		$	1,495		-0.9%		93.6	%		94.4	%		-80		$	59,540		$	61,436		-3.1%

(1)This table includes the 35 properties in our Q1 Same Store pool.

NXRT.NEXPOINT.COM Page 15

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				Q1 2026			Q4 2025			% Change	Q1 2026			Q4 2025			bps ∆			Q1 2026			Q4 2025			% Change
Texas
Dallas			1,945			$	1,207		$	1,227		-1.6%		92.0	%		90.8	%		120		$	7,552		$	7,647		-1.2%
Average/Total			1,945				1,207			1,227		-1.6%		92.0	%		90.8	%		120			7,552			7,647		-1.2%
North Carolina
Charlotte			504				1,396			1,398		-0.1%		93.7	%		93.7	%		0			2,224			2,294		-3.1%
Raleigh/Durham			625				1,431			1,404		1.9%		94.1	%		93.0	%		110			2,710			2,741		-1.1%
Average/Total			1,129				1,415			1,401		1.0%		93.9	%		93.3	%		60			4,934			5,035		-2.0%
Georgia
Atlanta			1,692				1,450			1,465		-1.0%		92.6	%		92.6	%		0			7,436			7,424		0.2%
Average/Total			1,692				1,450			1,465		-1.0%		92.6	%		92.6	%		0			7,436			7,424		0.2%
Tennessee
Nashville			1,338				1,244			1,255		-0.9%		92.6	%		92.2	%		40			5,257			5,305		-0.9%
Average/Total			1,338				1,244			1,255		-0.9%		92.6	%		92.2	%		40			5,257			5,305		-0.9%
Florida
Orlando			1,172				1,535			1,536		-0.1%		92.8	%		92.1	%		70			5,309			5,426		-2.2%
Tampa			576				1,337			1,343		-0.4%		92.9	%		91.7	%		120			2,345			2,429		-3.5%
South Florida			1,959				2,127			2,154		-1.3%		95.2	%		94.5	%		70			12,795			12,914		-0.9%
Average/Total			3,707				1,817			1,833		-0.9%		94.1	%		93.3	%		80			20,449			20,769		-1.5%
Arizona
Phoenix			2,009				1,395			1,391		0.3%		95.1	%		94.5	%		60			8,900			8,800		1.1%
Average/Total			2,009				1,395			1,391		0.3%		95.1	%		94.5	%		60			8,900			8,800		1.1%
Nevada
Las Vegas			1,164				1,378			1,364		1.0%		94.5	%		91.0	%		350			5,013			4,947		1.3%
Average/Total			1,164				1,378			1,364		1.0%		94.5	%		91.0	%		350			5,013			4,947		1.3%
Average/Total			12,984			$	1,482		$	1,489		-0.5%		93.6	%		92.7	%		90		$	59,541		$	59,927		-0.6%

(1)This table includes the 35 properties in our Q1 Same Store pool.

NXRT.NEXPOINT.COM Page 16

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 loss, the most directly comparable GAAP financial measure, for the three months ended March 31, 2026 and 2025 (in thousands, except per share amounts):

		For the Three Months Ended March 31,
		2026				2025				% Change
Net loss		$	(6,781	)		$	(6,924	)			2.1	%
Depreciation and amortization			24,291				24,350				-0.2	%
Adjustment for noncontrolling interests			(69	)			(69	)			0.0	%
FFO attributable to common stockholders			17,441				17,357				0.5	%
FFO per share - basic		$	0.69			$	0.68				0.7	%
FFO per share - diluted		$	0.69			$	0.68				1.2	%
Casualty-related recoveries			(1,753	)			(656	)		N/M
Casualty loss			—				163			N/M
Amortization of deferred financing costs			1,683				1,644				2.4	%
Mark-to-market adjustments of interest rate caps			(98	)			591			N/M
Adjustment for noncontrolling interests			1				(7	)		N/M
Core FFO attributable to common stockholders			17,274				19,092				-9.5	%
Core FFO per share - basic		$	0.68			$	0.75				-9.3	%
Core FFO per share - diluted		$	0.68			$	0.75				-8.9	%
Equity-based compensation expense			2,362				2,475				-4.6	%
Adjustment for noncontrolling interests			(9	)			(10	)			-10.0	%
AFFO attributable to common stockholders			19,627				21,557				-9.0	%
AFFO per share - basic		$	0.77			$	0.85				-8.8	%
AFFO per share - diluted		$	0.77			$	0.84				-8.3	%
Weighted average common shares outstanding - basic			25,398				25,448				-0.2	%
Weighted average common shares outstanding - diluted	(1)		25,398				25,576				-0.7	%
Dividends declared per common share		$	0.53			$	0.51				3.9	%
Net loss Coverage - diluted	(2)	-0.51x				-0.53x					-3.8	%
FFO Coverage - diluted	(2)	1.30x				1.33x					-2.6	%
Core FFO Coverage - diluted	(2)	1.28x				1.46x					-12.3	%
AFFO Coverage - diluted	(2)	1.46x				1.65x					-11.8	%

(1)The Company uses the diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO. For periods in which potential common shares are anti‑dilutive, diluted weighted‑average shares outstanding are equal to basic weighted‑average shares outstanding.

(2)Indicates coverage ratio of net loss/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period.

NXRT.NEXPOINT.COM Page 17

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Historical Capital Expenditures

		Q1 2026				Q1 2025				% Change
($ in thousands)
Capitalized Rehab Expenditures
Interior		$	1,229			$	652				88.7	%
Exterior and common area			396				58				586.8	%
Capitalized Maintenance Expenditures
Recurring			3,390				2,797				21.2	%
Non-Recurring			1,899				2,286				-16.9	%
Total Capital Expenditures		$	6,914			$	5,792				19.4	%

NXRT.NEXPOINT.COM Page 18

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 Progress
Arbors of Brentwood			346				207			$	1,199			$	1,391			$	9,201				16.0	%			25.0	%
Arbors on Forest Ridge			210				208				784				874				4,041				11.6	%			27.0	%
Atera Apartments			380				280				1,182				1,316				3,194				11.4	%			50.6	%
Avant at Pembroke Pines			1,520				870				1,821				2,050				16,031				12.6	%			17.1	%
Bella Solara			320				154				1,251				1,390				9,687				11.1	%			17.2	%
Bella Vista			248				221				1,456				1,592				10,084				9.3	%			16.2	%
Bloom			528				187				1,228				1,369				12,124				11.5	%			14.0	%
Brandywine I & II			632				657				1,013				1,193				10,336				17.7	%			20.9	%
Courtney Cove			324				356				969				1,066				4,409				10.0	%			26.3	%
Creekside at Matthews			240				120				1,332				1,507				8,935				13.1	%			23.5	%
Cutter's Point			196				200				950				1,054				5,580				10.9	%			22.4	%
Estates on Maryland			330				150				1,265				1,420				10,737				12.2	%			17.3	%
Fairways of San Marcos			352				207				1,433				1,574				10,035				9.8	%			16.8	%
High House at Cary			302				168				1,330				1,545				10,912				16.2	%			23.7	%
Madera Point			256				290				898				1,003				4,287				11.6	%			29.3	%
Parc500			217				265				1,349				1,515				12,707				12.2	%			15.6	%
Residences at Glenview Reserve			360				339				1,075				1,295				12,787				20.5	%			20.7	%
Residences at West Place			342				209				1,513				1,700				11,382				12.4	%			19.8	%
Rockledge Apartments			708				621				1,253				1,412				8,671				12.7	%			22.1	%
Sabal Palm at Lake Buena Vista			400				182				1,469				1,609				8,112				9.6	%			20.8	%
Sedona at Lone Mountain			321				1				1,433				1,443				1,757				0.7	%			6.8	%
Seasons 704 Apartments			222				271				1,229				1,352				7,031				10.1	%			21.1	%
Six Forks Station			323				165				1,113				1,376				11,534				23.7	%			27.4	%
Summers Landing			196				89				1,027				1,194				8,446				16.2	%			23.7	%
Summit at Sabal Park			252				261				1,022				1,117				5,459				9.4	%			21.0	%
The Adair			232				173				1,722				1,992				11,370				15.7	%			28.6	%
The Cornerstone			430				580				1,047				1,139				4,650				8.9	%			23.9	%
The Enclave			204				195				1,441				1,606				9,376				11.5	%			21.2	%
The Heritage			204				192				1,379				1,506				9,089				9.2	%			16.8	%
The Preserve at Terrell Mill			752				894				885				1,047				10,119				18.3	%			19.2	%
The Verandas at Lake Norman			264				115				1,238				1,390				9,504				12.3	%			19.2	%
The Venue on Camelback			415				321				772				1,011				9,837				30.9	%			29.1	%
Torreyana Apartments			316				70				1,383				1,491				11,022				7.8	%			11.8	%
Venue at 8651			333				346				854				953				6,257				11.6	%			19.0	%
Versailles			388				419				811				892				4,947				10.0	%			19.7	%
Versailles II			242				135				846				926				3,682				9.5	%			26.1	%
Total/Weighted Average			13,305				10,118			$	1,166			$	1,321			$	8,971				13.3	%			20.7	%

(1)We do not plan to upgrade 100% of the units at each of our properties.

(2)Inclusive of all full and partial interior upgrades completed through March 31, 2026.

(3)Inclusive of all full and partial interior upgrades completed and leased through March 31, 2026.

NXRT.NEXPOINT.COM Page 19

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Value-Add Program Details: Kitchen & Laundry Appliances

Property Name (1)		Units				Rehab Units Completed (2)				Avg. Rehab Cost Per Unit (3)				Post-Rehab Rent Change $				ROI (3)
Value-Add Programs In Progress
Arbors of Brentwood			346				319			$	871			$	50				68.8	%
Arbors on Forest Ridge			210				136				787				47				71.4	%
Atera Apartments			380				369				813				40				59.7	%
Avant at Pembroke Pines			1,520				566				1,293				51				46.9	%
Brandywine I & II			632				226				1,097				72				79.0	%
Creekside at Matthews			240				180				1,100				56				60.6	%
Cutter's Point			196				152				794				46				70.2	%
Estates on Maryland			330				21				1,067				38				42.3	%
Madera Point			256				158				893				31				41.3	%
Residences at Glenview Reserve			360				103				1,248				55				52.9	%
Rockledge Apartments			708				628				825				40				58.2	%
Sabal Palm at Lake Buena Vista			400				634				599				86				171.8	%
Six Forks Station			323				199				1,088				55				60.7	%
Summers Landing			196				111				890				58				78.7	%
Summit at Sabal Park			252				249				994				40				48.3	%
The Adair			232				11				1,083				84				92.8	%
The Cornerstone			430				17				809				50				74.2	%
The Verandas at Lake Norman			264				222				1,085				47				51.5	%
Venue at 8651			333				272				779				47				72.4	%
Versailles			388				315				878				49				67.5	%
Versailles II			242				139				887				29				38.7	%
Total/Weighted Average			8,238				5,027			$	955			$	51				63.5	%

(1)We do not plan to upgrade 100% of the units at each of our properties.

(2)Inclusive of all kitchen and laundry appliance upgrades completed through March 31, 2026.

(3)Inclusive of all kitchen and laundry appliance upgrades completed and leased through March 31, 2026.

NXRT.NEXPOINT.COM Page 20

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Value-Add Program Details: Smart Home Technology Packages

Property Name (1)		Units				Rehab Units Completed (2)				Avg. Rehab Cost Per Unit (3)				Post-Rehab Rent Change $				ROI (3)
Value-Add Programs In Progress
Arbors of Brentwood			346				346			$	1,419			$	45				30.9	%
Arbors on Forest Ridge			210				210				1,416				45				30.9	%
Atera Apartments			380				380				1,339				50				37.0	%
Avant at Pembroke Pines			1,520				1,520				1,350				45				32.4	%
Bella Solara			320				320				820				35				39.5	%
Bella Vista			248				248				970				40				39.3	%
Bloom			528				528				901				40				42.3	%
Brandywine I & II			632				632				1,234				45				35.5	%
Courtney Cove			324				324				1,238				35				26.2	%
Creekside at Matthews			240				240				913				65				72.9	%
Cutter's Point			196				196				1,400				45				31.3	%
Estates on Maryland			330				330				1,074				20				14.2	%
Fairways at San Marcos			352				352				901				40				42.3	%
High House at Cary			302				302				899				65				74.1	%
Madera Point			256				256				1,283				45				34.1	%
Residences at Glenview Reserve			360				360				1,017				45				43.1	%
Rockledge Apartments			708				708				942				35				34.4	%
Sabal Palm at Lake Buena Vista			400				400				1,237				45				35.4	%
Six Forks Station			323				323				844				35				38.4	%
Summers Landing			196				196				1,449				45				30.2	%
The Adair			232				232				913				45				48.0	%
The Cornerstone			430				430				1,236				45				35.4	%
The Enclave			204				204				966				40				39.4	%
The Heritage			204				204				997				40				38.2	%
The Venue on Camelback Apartments			415				415				808				30				33.0	%
The Verandas at Lake Norman			264				264				954				65				69.8	%
Torreyana Apartments			316				316				900				35				36.0	%
Venue at 8651			333				333				1,229				45				35.6	%
Versailles			388				388				1,080				45				40.6	%
Versailles II			242				242				1,241				45				35.3	%
Total/Weighted Average			11,199				11,199			$	1,113			$	43				37.2	%
Planned Value-Add Programs														Rent Change & ROI (Projections)
Residences at West Place			342				—			TBD				TBD				TBD
Seasons 704 Apartments			222				—			TBD				TBD				TBD
Sedona at Lone Mountain			321				—			TBD				TBD				TBD
Summit at Sabal Park			252				—			TBD				TBD				TBD
The Preserve at Terrell Mill			752				—			TBD				TBD				TBD
Total/Weighted Average Planned			1,889				—			TBD				TBD				TBD

(1)We do not plan to upgrade 100% of the units at each of our properties.

(2)Inclusive of all smart home technology package upgrades completed through March 31, 2026.

(3)Inclusive of all smart home technology package upgrades completed and leased through March 31, 2026.

NXRT.NEXPOINT.COM Page 21

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 March 31, 2026 (dollars in thousands):

Operating Properties		Type		Term (months)				Outstanding Principal				Interest Rate (1)		Maturity Date
Residences at West Place		Fixed			120			$	33,817			4.24%		10/1/2028
Arbors of Brentwood		Floating			84				39,977			4.74%		10/1/2031
Avant at Pembroke Pines		Floating			84				248,185			4.74%		10/1/2031
Bella Vista		Floating			84				37,400			4.74%		10/1/2031
Brandywine I & II		Floating			84				59,526			4.74%		10/1/2031
Cornerstone		Floating			84				45,815			4.74%		10/1/2031
Estates on Maryland		Floating			84				37,345			4.74%		10/1/2031
High House at Cary		Floating			84				32,478			4.74%		10/1/2031
Residences at Glenview Reserve		Floating			84				33,271			4.74%		10/1/2031
Sabal Palm at Lake Buena Vista		Floating			84				56,220			4.74%		10/1/2031
Six Forks Station		Floating			84				30,430			4.74%		10/1/2031
Summers Landing		Floating			84				14,135			4.74%		10/1/2031
The Adair		Floating			84				33,229			4.74%		10/1/2031
The Enclave		Floating			84				33,440			4.74%		10/1/2031
The Heritage		Floating			84				29,810			4.74%		10/1/2031
The Venue on Camelback		Floating			84				36,465			4.74%		10/1/2031
The Verandas at Lake Norman		Floating			84				30,113			4.74%		10/1/2031
Versailles II		Floating			84				15,706			4.74%		10/1/2031
Arbors on Forest Ridge		Floating			84				17,307			4.74%		12/1/2031
Atera Apartments		Floating			84				38,555			4.74%		12/1/2031
Bella Solara		Floating			84				37,772			4.74%		12/1/2031
Bloom		Floating			84				60,848			4.74%		12/1/2031
Courtney Cove		Floating			84				31,596			4.74%		12/1/2031
Creekside at Matthews		Floating			84				28,703			4.74%		12/1/2031
Cutter's Point		Floating			84				18,994			4.74%		12/1/2031
Fairways at San Marcos		Floating			84				55,056			4.74%		12/1/2031
Madera Point		Floating			84				29,676			4.74%		12/1/2031
Parc500		Floating			84				30,012			4.74%		12/1/2031
Rockledge Apartments		Floating			84				78,444			4.74%		12/1/2031
Seasons 704 Apartments		Floating			84				33,960			4.74%		12/1/2031
The Preserve at Terrell Mill		Floating			84				74,341			4.74%		12/1/2031
The Summit at Sabal Park		Floating			84				26,735			4.74%		12/1/2031
Torreyana Apartments		Floating			84				43,153			4.74%		12/1/2031
Venue at 8651		Floating			84				24,620			4.74%		12/1/2031
Versailles		Floating			84				26,108			4.74%		12/1/2031
Sedona at Lone Mountain		Floating			84				40,287			4.88%		2/1/2033
								$	1,543,529
Fair market value adjustment									265		(2)
Deferred financing costs, net of accumulated amortization of $8,472									(33,393	)
								$	1,510,401

(1)Interest rate is based on a reference rate plus an applicable margin, except for fixed rate mortgage debt. The reference rates used in our portfolio is 30-Day Average Secured Overnight Financing Rate (“SOFR”). As of March 31, 2026, SOFR was 3.65%.

(2)The Company reflected a valuation adjustment on its fixed rate debt for Residences at West Place to adjust it to fair market value on its respective date of acquisition for the difference between the fair value and the assumed principal amount of debt. The difference is amortized into interest expense over the remaining terms of the mortgages.

NXRT.NEXPOINT.COM Page 22

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Interest Rate Swap Agreements

As of March 31, 2026, the Company had the following outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk (dollars in thousands):

Effective Date		Termination Date		Counterparty		Notional Amount				Fixed Rate (1)
September 1, 2019		September 1, 2026		KeyBank		$	100,000				1.462	%
September 1, 2019		September 1, 2026		KeyBank			125,000				1.302	%
January 3, 2020		September 1, 2026		KeyBank			92,500				1.609	%
March 4, 2020		June 1, 2026		Truist			100,000				0.820	%
June 1, 2021		September 1, 2026		KeyBank			200,000				0.845	%
June 1, 2021		September 1, 2026		KeyBank			200,000				0.953	%
April 3, 2025		April 1, 2030		JPM			100,000				3.489	%
						$	917,500				1.361	%	(2)

(1)The floating rate option for the interest rate swaps is SOFR plus 0.11448% ("Adjusted SOFR") other than for the JPM swap, which is based on SOFR. As of March 31, 2026, Adjusted SOFR and SOFR were 3.77% and 3.65%, respectively.

(2)Represents the weighted average fixed rate of the interest rate swaps.

The following table contains summary information regarding our forward interest rate swap (dollars in thousands):

Effective Date

Termination Date

Counterparty

Notional Amount

Fixed Rate (1)

September 1, 2026

January 1, 2027

KeyBank

$

92,500

1.798

%

(1)The floating rate option for the interest rate swaps is Adjusted SOFR. As of March 31, 2026, Adjusted SOFR was 3.77%.

NXRT.NEXPOINT.COM Page 23

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Interest Rate Cap Agreements

As of March 31, 2026, 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 Rate
Avant at Pembroke Pines		Floating		10/1/2027		$	248,185			8.16%
Brandywine I & II		Floating		10/1/2027			59,526			8.16%
Sabal Palm at Lake Buena Vista		Floating		10/1/2027			56,220			8.41%
Cornerstone		Floating		10/1/2027			45,815			8.66%
Arbors of Brentwood		Floating		10/1/2027			39,977			8.16%
Bella Vista		Floating		10/1/2027			37,400			8.91%
Estates on Maryland		Floating		10/1/2027			37,345			8.91%
The Venue on Camelback		Floating		10/1/2027			36,465			8.16%
The Enclave		Floating		10/1/2027			33,440			8.66%
Residences at Glenview Reserve		Floating		10/1/2027			33,271			8.16%
The Adair		Floating		10/1/2027			33,229			8.16%
High House at Cary		Floating		10/1/2027			32,478			8.16%
Six Forks Station		Floating		10/1/2027			30,430			8.16%
The Verandas at Lake Norman		Floating		10/1/2027			30,113			8.16%
The Heritage		Floating		10/1/2027			29,810			8.91%
Versailles II		Floating		10/1/2027			15,706			8.16%
Summers Landing		Floating		10/1/2027			14,135			8.66%
Rockledge Apartments		Floating		12/1/2027			78,444			7.66%
The Preserve at Terrell Mill		Floating		12/1/2027			74,341			7.66%
Bloom		Floating		12/1/2027			60,848			7.66%
Fairways at San Marcos		Floating		12/1/2027			55,056			7.66%
Torreyana Apartments		Floating		12/1/2027			43,153			7.66%
Atera Apartments		Floating		12/1/2027			38,555			7.66%
Bella Solara		Floating		12/1/2027			37,772			7.66%
Seasons 704 Apartments		Floating		12/1/2027			33,960			7.66%
Courtney Cove		Floating		12/1/2027			31,596			7.66%
Parc500		Floating		12/1/2027			30,012			7.66%
Madera Point		Floating		12/1/2027			29,676			7.66%
Creekside at Matthews		Floating		12/1/2027			28,703			7.66%
The Summit at Sabal Park		Floating		12/1/2027			26,735			7.66%
Versailles		Floating		12/1/2027			26,108			7.66%
Venue at 8651		Floating		12/1/2027			24,620			7.66%
Cutter's Point		Floating		12/1/2027			18,994			7.66%
Arbors on Forest Ridge		Floating		12/1/2027			17,307			7.66%
Sedona at Lone Mountain		Floating		2/1/2029			40,287			7.17%
						$	1,509,712			8.01%

Debt Maturity Schedule

The following table summarizes our contractual obligations and commitments as of March 31, 2026 for the next five calendar years subsequent to March 31, 2026 and thereafter. We used the applicable reference rate as of March 31, 2026 to calculate interest expense due by period on our floating rate debt and net interest expense due by period on our interest rate swaps.

		Payments Due by Period (in thousands)
		Total			2026			2027			2028			2029			2030			Thereafter
Operating Properties Mortgage Debt
Principal payments		$	1,543,529		$	—		$	—		$	33,817		$	—		$	—		$	1,509,712
Interest expense	(1)		396,190			46,534			72,235			70,222			70,124			72,705			64,370
Total		$	1,939,719		$	46,534		$	72,235		$	104,039		$	70,124		$	72,705		$	1,574,082
Credit Facility
Principal payments		$	57,000		$	—		$	—		$	57,000		$	—		$	—		$	—
Interest expense			7,208			2,462			3,192			1,554			—			—			—
Total		$	64,208		$	2,462		$	3,192		$	58,554		$	—		$	—		$	—
Total contractual obligations and commitments		$	2,003,927		$	48,996		$	75,427		$	162,593		$	70,124		$	72,705		$	1,574,082

NXRT.NEXPOINT.COM Page 24

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

(1)Interest expense obligations includes the impact of expected settlements on interest rate swaps which have been entered into in order to fix the interest rate on the hedged portion of our floating rate debt obligations. As of March 31, 2026, we had entered into 7 interest rate swap transactions with a combined notional amount of $0.9 billion and one forward rate swap agreement with a notional amount of approximately $0.1 billion. We have allocated the total impact of expected settlements on the $1.0 billion notional amount of interest rate swaps to ‘Operating Properties Mortgage Debt.’ We used the applicable reference rate as of March 31, 2026 to determine our expected settlements through the terms of the interest rate swaps.

(1)As of March 31, 2026, we had total indebtedness of $1.6 billion at an adjusted weighted average interest rate of 3.30%, of which $1.6 billion was debt with a floating interest rate. The interest rate swap agreements we have entered into effectively fix the interest rate on $0.9 billion, or 60.8%, of our $1.5 billion of floating rate mortgage debt outstanding. For purposes of calculating the adjusted weighted average interest rate of the total indebtedness, we have included the weighted average fixed rate of 1.36% for Adjusted SOFR on the $0.9 billion notional amount of interest rate swap agreements that we have entered into as of March 31, 2026, which effectively fix the interest rate on $0.9 billion of our floating rate mortgage debt outstanding.

NXRT.NEXPOINT.COM Page 25

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Historical Acquisition Details

(in thousands, except for unit and per unit amounts)
Property Name (1)		Location		Units				Transaction Date		Purchase Price				Rehab Budget (2)				Total Investment				Per Unit
Arbors on Forest Ridge		Bedford, TX			210			1/31/2014		$	12,805			$	1,880			$	14,685			$	69,929
Cutter's Point		Richardson, TX			196			1/31/2014			15,845				1,880				17,725				90,432
The Summit at Sabal Park		Tampa, FL			252			8/20/2014			19,050				1,867				20,917				83,005
Courtney Cove		Tampa, FL			324			8/20/2014			18,950				1,819				20,769				64,101
Sabal Palm at Lake Buena Vista		Orlando, FL			400			11/5/2014			49,500				11,347				60,847				152,117
Cornerstone		Orlando, FL			430			1/15/2015			31,550				2,802				34,352				79,889
The Preserve at Terrell Mill		Marietta, GA			752			2/6/2015			58,000				16,313				74,313				98,821
Versailles		Dallas, TX			388			2/26/2015			26,165				4,674				30,839				79,481
Seasons 704 Apartments		West Palm Beach, FL			222			4/15/2015			21,000				2,026				23,026				103,720
Madera Point		Mesa, AZ			256			8/5/2015			22,525				1,932				24,457				95,534
Venue at 8651		Fort Worth, TX			333			10/30/2015			19,250				4,592				23,842				71,598
Parc500		West Palm Beach, FL			217			7/27/2016			22,421				5,113				27,534				126,886
The Venue on Camelback		Phoenix, AZ			415			10/11/2016			44,600				6,202				50,802				122,415
Rockledge Apartments		Marietta, GA			708			6/30/2017			113,500				20,490				133,990				189,251
Atera Apartments		Dallas, TX			380			10/25/2017			59,200				3,737				62,937				165,624
Versailles II		Dallas, TX			242			9/26/2018			24,680				3,376				28,056				115,934
Brandywine I & II		Nashville, TN			632			9/26/2018			79,800				7,310				87,110				137,832
Bella Vista		Phoenix, AZ			248			1/28/2019			48,400				3,404				51,804				208,889
The Enclave		Tempe, AZ			204			1/28/2019			41,800				2,613				44,413				217,710
The Heritage		Phoenix, AZ			204			1/28/2019			41,900				2,660				44,560				218,430
Summers Landing		Fort Worth, TX			196			6/7/2019			19,396				2,997				22,393				114,251
Residences at Glenview Reserve		Nashville, TN			360			7/17/2019			45,000				6,079				51,079				141,885
Residences at West Place		Orlando, FL			342			7/17/2019			55,000				4,505				59,505				173,992
Avant at Pembroke Pines		Pembroke Pines, FL			1,520			8/30/2019			322,000				37,743				359,743				236,673
Arbors of Brentwood		Nashville, TN			346			9/10/2019			62,250				4,248				66,498				192,192
Torreyana Apartments		Las Vegas, NV			316			11/22/2019			68,000				2,771				70,771				223,960
Bloom		Las Vegas, NV			528			11/22/2019			106,500				4,786				111,286				210,770
Bella Solara		Las Vegas, NV			320			11/22/2019			66,500				3,642				70,142				219,195
Fairways at San Marcos		Chandler, AZ			352			11/2/2020			84,480				4,366				88,846				252,403
The Verandas at Lake Norman		Charlotte, NC			264			6/30/2021			63,500				4,812				68,312				258,759
Creekside at Matthews		Charlotte, NC			240			6/30/2021			58,000				4,128				62,128				258,865
Six Forks Station		Raleigh, NC			323			9/10/2021			74,760				6,431				81,191				251,366
Hudson High House		Cary, NC			302			12/7/2021			93,250				5,247				98,497				326,148
The Adair		Sandy Springs, GA			232			4/1/2022			65,500				5,390				70,890				305,562
Estates on Maryland		Phoenix, AZ			330			4/1/2022			77,900				4,636				82,536				250,109
Sedona at Lone Mountain		Las Vegas, NV			321			12/11/2025			73,250				7,230				80,480				250,716
Total/Weighted Average					13,305					$	2,106,227			$	215,049			$	2,321,276			$	174,466

(1)Only includes properties owned as of March 31, 2026.

(2)Includes interior and exterior rehab.

NXRT.NEXPOINT.COM Page 26

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Historical Disposition Details

(in thousands, except unit and per unit amounts)
Property Name		Location		Units				Purchase Price				Sale Price				Sales Price Per Unit				Sale Date		Net Cash Proceeds (1)				Gain on Sale
Meridian		Austin, TX			200			$	12,300			$	17,250			$	86,250			5/10/2016		$	16,981			$	4,786
Park at Regency and Mandarin Reserve		Jacksonville, FL			679				34,500				47,000				69,219			6/6/2016			46,239				11,584
Park at Blanding and Colonial Forest		Jacksonville, FL			291				12,000				14,500				49,828			8/31/2016			14,259				2,007
Willowdale Crossings		Frederick, MD			432				41,000				45,200				104,630			9/15/2016			44,439				5,576
Jade Park		Dayton Beach, FL			144				7,800				10,000				69,444			9/30/2016			9,868				1,979
The Miramar Apartments		Dallas, TX			314				8,875				16,550				52,707			4/3/2017			16,326				6,368
Toscana		Dallas, TX			192				8,875				13,250				69,010			4/3/2017			13,040				4,283
The Grove at Alban		Frederick, MD			290				23,050				27,500				94,828			4/3/2017			27,021				4,514
Twelve 6 Ten at the Park		Dallas, TX			402				20,984				26,600				66,169			4/27/2017			26,349				4,731
Regatta Bay		Seabrook, TX			240				18,200				28,200				117,500			7/14/2017			27,670				10,423
NAVA Portfolio (2)		Atlanta, GA			1,100				66,200				116,000				105,455			9/27/2017			114,010				48,046
Timberglen		Dallas, TX			304				16,950				30,000				98,684			1/31/2018			29,553				13,742
Edgewater at Sandy Springs		Atlanta, GA			760				58,000				101,250				133,224			8/28/2019			100,219				47,329
Belmont at Duck Creek		Garland, TX			240				18,525				29,500				122,917			8/28/2019			29,148				11,985
The Ashlar		Dallas, TX			264				16,235				29,400				111,364			8/28/2019			29,050				13,205
Heatherstone		Dallas, TX			152				9,450				16,275				107,072			8/28/2019			16,054				6,368
The Pointe at the Foothills		Mesa, AZ			528				52,275				85,400				161,742			8/28/2019			84,663				37,925
Abbington Heights		Antioch, TN			274				17,900				28,050				102,372			8/30/2019			27,630				10,888
Southpoint Reserve at Stoney Creek		Fredericksburg, VA			156				17,000				23,500				150,641			3/20/2020			23,176				5,469
Willow Grove		Nashville, TN			244				13,750				31,300				128,279			3/26/2020			31,005				17,513
Woodbridge		Nashville, TN			220				16,000				31,700				144,091			3/26/2020			31,237				15,990
Eagle Crest		Irving, TX			447				27,325				55,500				124,161			9/30/2020			54,779				30,160
Beechwood Terrace		Antioch, TN			300				21,400				53,600				178,667			11/1/2021			53,003				33,960
Cedar Pointe		Antioch, TN			210				26,500				37,650				179,286			11/1/2021			37,231				12,252
Hollister Place		Houston, TX			260				24,500				36,750				141,346			12/29/2022			36,455				14,684
Silverbrook		Grand Prairie, TX			642				30,400				70,000				109,034			9/22/2023			69,431				43,107
Timber Creek		Charlotte, NC			352				22,750				49,000				139,205			12/13/2023			48,348				24,819
Old Farm		Houston, TX			734				84,721				103,000				140,327			3/1/2024			102,704				31,548
Radbourne Lake		Charlotte, NC			225				24,250				39,250				174,444			4/30/2024			38,904				18,847
Stone Creek at Old Farm		Houston, TX			190				23,332				24,500				128,947			10/1/2024			24,095				3,851
Total/Weighted Average					10,786			$	775,047			$	1,237,675			$	114,748					$	1,222,887			$	497,939

(1)Represents sales price, net of closing costs.

(2)The NAVA Portfolio consists of The Arbors, The Crossings, The Crossings at Holcomb Bridge and The Knolls.

NXRT.NEXPOINT.COM Page 27

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 amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income (loss), balance sheets or statements of cash flows of the Company. The non-GAAP financial measures used within this presentation are net operating income (“NOI”), funds from operations attributable to common stockholders (“FFO”), FFO per diluted share, Core FFO, Core FFO per diluted share, adjusted FFO (“AFFO”), AFFO per diluted share and net debt.

NOI is used by investors and our management to evaluate and compare the performance of our properties to other comparable properties, to determine trends in earnings and to compute the fair value of our properties. NOI is calculated by adjusting net income (loss) to add back (1) interest expense (2) advisory and administrative fees, (3) depreciation and amortization expenses, (4) gains or losses from the sale of operating real estate assets that are included in net income (loss) computed in accordance with GAAP, (5) corporate income and corporate general and administrative expenses that are not reflective of operations of the properties, (6) other gains and losses that are specific to us including loss on extinguishment of debt and modification costs, (7) casualty-related expenses/(recoveries) and casualty loss, (8) property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on behalf of the Company at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees and (9) equity in earnings of affiliate. We define “Same Store NOI” as NOI for our properties that are comparable between periods. We view Same Store NOI as an important measure of the operating performance of our properties because it allows us to compare operating results of properties owned for the entirety of the current and comparable periods and therefore eliminates variations caused by acquisitions or dispositions during the periods.

FFO is defined by the National Association of Real Estate Investment Trusts (“NAREIT”), as net income (loss) computed in accordance with GAAP, excluding gains or losses from real estate dispositions, plus real estate depreciation and amortization. We compute FFO in accordance with NAREIT’s definition. Our presentation differs slightly in that we begin with net income (loss) before adjusting for amounts attributable to redeemable noncontrolling interests in the OP and we show the combined amounts attributable to such noncontrolling interests as an adjustment to arrive at FFO attributable to common stockholders.

Core FFO makes certain adjustments to FFO, which are not representative of the ongoing operating performance of our Portfolio. Core FFO adjusts FFO to remove items such as loss on extinguishment of debt and modification costs, casualty-related expenses/(recoveries) and loss (gain), the amortization of deferred financing costs, mark-to-market gains or losses related to interest rate cap agreements not designated as hedges for accounting purposes, and the noncontrolling interests (as described above) related to these items. Starting in the third quarter of 2024, the Company adjusted Core FFO to remove (1) the amortization of all deferred financing costs instead of those solely related to short-term debt financing and (2) mark-to-market gains or losses related to interest rate cap agreements not designated as hedges for accounting purposes. Prior periods have been recast to conform to current presentations.

AFFO makes certain adjustments to Core FFO in order to arrive at a more refined measure of the operating performance of our portfolio. There is no industry standard definition of AFFO and practice is divergent across the industry. AFFO adjusts Core FFO to remove items such as equity-based compensation expense and the related noncontrolling interests (as described above) related to this item.

Net debt is calculated by subtracting cash and cash equivalents and restricted cash held for value-add upgrades and green improvements from total debt outstanding.

We believe that the use of NOI, FFO, Core FFO, AFFO and net debt, combined with the required GAAP presentations, improves the understanding of operating results and debt levels of REITs among investors and makes comparisons of operating results and debt levels among such companies more meaningful. While NOI, FFO, Core FFO, AFFO and net debt are relevant and widely used measures of operating performance and debt levels of REITs, they do not represent cash flows from operations, net income (loss) or total debt as defined by GAAP and should not be considered an alternative or substitute to those measures in evaluating our liquidity, operating performance and debt levels. NOI, FFO, Core FFO and AFFO do not purport to be indicative of cash available to fund our future cash requirements. We present net debt because we believe it provides our investors a better understanding of our leverage ratio. Net debt should not be considered an alternative or substitute to total debt, as we may not always be able to use our available cash to repay debt. Our computation of NOI, FFO, Core FFO, AFFO and net debt may not be comparable to NOI, FFO, Core FFO, AFFO and net debt reported by other REITs. For a more complete discussion of NOI, FFO, Core FFO and AFFO, see our most recent Annual Report on Form 10-K and our other filings with the SEC.

NXRT.NEXPOINT.COM Page 28

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Reconciliations

Reconciliation of Debt to Net Debt

(dollar amounts in thousands)		Q1 2026				Q1 2025
Total mortgage debt		$	1,543,529			$	1,503,242
Total credit facility			57,000				—
Total Debt		$	1,600,529			$	1,503,242
Adjustments to arrive at net debt:
Cash and cash equivalents			(18,465	)			(23,719	)
Restricted cash held for value-add upgrades and green improvements			(7,401	)			(3,170	)
Net Debt		$	1,574,663			$	1,476,353
Enterprise Value (1)		$	2,211,663			$	2,487,353
Leverage Ratio (Total Debt to Market Capitalization plus Total Debt)			72	%			60	%
Leverage Ratio (Net Debt to Enterprise Value)			71	%			59	%

(1)Enterprise Value is calculated as Market Capitalization as of the end of the period plus Net Debt.

Guidance Reconciliations of NOI, Same Store NOI, FFO, Core FFO and AFFO

The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles our 2026 NOI guidance to our net loss (the most directly comparable GAAP financial measure) guidance for the year ended December 31, 2026 and for the three months ended June 30, 2026 (in thousands):

		For the Year Ended December 31, 2026				For the Three Months Ended June 30, 2026
		Mid-Point (1)				Mid-Point (1)
Net loss		$	(36,114	)		$	(10,677	)
Adjustments to reconcile net loss to NOI:
Advisory and administrative fees			7,169				1,786
Corporate general and administrative expenses			19,112				4,886
Corporate income			(1,757	)			(417	)
Property general and administrative expenses	(2)		4,161				1,048
Depreciation and amortization			95,675				25,648
Interest expense			67,099				15,704
Casualty-related expenses/(recoveries)			—				584
Equity in earnings of affiliate			(310	)			(77	)
NOI	(3)	$	155,035			$	38,485
Less Non-Same Store
Revenues	(3)		(6,387	)
Operating expenses	(3)		2,212
Same Store NOI	(3)	$	150,860

(1)Mid-Point estimates shown for full year and second quarter 2026 guidance. Assumptions made for full year and second quarter 2026 NOI guidance include the Same Store operating growth projections included in the “2026 Full Year Guidance Summary” section of this release and the effect of the acquisition and dispositions throughout the fiscal year.

(2)Adjustment to net loss to exclude certain property general and administrative expenses that are not reflective of the continuing operations of the properties or are incurred on our behalf at the property for expenses such as legal, professional, centralized leasing service and franchise tax fees.

(3)Year-over-year growth for the Full Year 2026 pro forma Same Store pool (35 properties).

NXRT.NEXPOINT.COM Page 29

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, 2026
		Mid-Point
Net loss		$	(36,114	)
Depreciation and amortization			95,675
Adjustment for noncontrolling interests			(235	)
FFO attributable to common stockholders			59,326
FFO per share - diluted (1)		$	2.31
Amortization of deferred financing costs			6,654
Casualty-related expenses			—
Mark-to-market adjustments of interest rate caps			16
Adjustment for noncontrolling interests			(26	)
Core FFO attributable to common stockholders			65,970
Core FFO per share - diluted (1)		$	2.57
Equity-based compensation expense			11,053
Adjustment for noncontrolling interests			(44	)
AFFO attributable to common stockholders			76,979
AFFO per share - diluted (1)		$	2.99
Weighted average common shares outstanding - diluted			25,719

(1)For purposes of calculating per share data, we assume a weighted average diluted share count of approximately 25.7 million for the full year 2026.

The following table reconciles our NOI to our net income (loss) for the years ended December 31, 2025 and 2024 and the three months ended December 31, 2025 (in thousands):

		For the Year Ended December 31,								For the Three Months Ended December 31,
		2025				2024				2025
Net income (loss)		$	(32,154	)		$	1,114			$	(10,348	)
Adjustments to reconcile net income (loss) to NOI:
Advisory and administrative fees			6,941				6,899				1,765
Corporate general and administrative expenses			17,945				19,399				4,150
Corporate income			(1,666	)			(2,215	)			(462	)
Casualty-related expenses/(recoveries)	(1)		264				1,389				1,700
Casualty losses			167				626				4
Property general and administrative expenses	(2)		4,010				3,998				1,096
Depreciation and amortization			95,752				97,762				23,560
Interest expense			60,735				58,477				15,733
Equity in earnings of affiliate			(257	)			(172	)			(74	)
Loss on extinguishment of debt and modification costs			—				24,004				—
Gain on sales of real estate			—				(54,246	)			—
NOI		$	151,737			$	157,035			$	37,124

NXRT.NEXPOINT.COM Page 30

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

The following table reconciles our NOI to our FFO, Core FFO and AFFO to net income (loss), the most directly comparable GAAP financial measure, for the years ended December 31, 2025 and 2024 (in thousands):

		For the Year Ended December 31,
		2025				2024				% Change 2025 - 2024
Net income (loss)		$	(32,154	)		$	1,114			N/M
Depreciation and amortization			95,752				97,762				-2.1	%
Gain on sales of real estate			—				(54,246	)		N/M
Adjustment for noncontrolling interests			(251	)			(176	)			42.6	%
FFO attributable to common stockholders			63,347				44,454				42.5	%
FFO per share - basic		$	2.49			$	1.74				43.4	%
FFO per share - diluted		$	2.48			$	1.69				46.4	%
Loss on extinguishment of debt and modification costs			—				24,004			N/M
Casualty-related expenses			264				1,389			N/M
Casualty losses			167				626			N/M
Amortization of deferred financing costs			6,585				3,364			N/M
Mark-to-market adjustments of interest rate caps			961				(593	)		N/M
Adjustment for noncontrolling interests			(31	)			(114	)		N/M
Core FFO attributable to common stockholders			71,293				73,130				-2.5	%
Core FFO per share - basic		$	2.81			$	2.87				-2.0	%
Core FFO per share - diluted		$	2.79			$	2.79				0.1	%
Equity-based compensation expense			9,883				10,543				-6.3	%
Adjustment for noncontrolling interests			(39	)			(42	)			-7.1	%
AFFO attributable to common stockholders			81,137				83,631				-3.0	%
AFFO per share - basic		$	3.20			$	3.28				-2.5	%
AFFO per share - diluted		$	3.18			$	3.19				-0.4	%
Weighted average common shares outstanding - basic			25,390				25,516				-0.5	%
Weighted average common shares outstanding - diluted	(1)		25,554				26,246				-2.6	%
Dividends declared per common share		$	2.06			$	1.90				8.6	%
Net income (loss) Coverage - diluted	(2)	-0.61x				0.02x				N/M
FFO Coverage - diluted	(2)	1.20x				0.89x					34.8	%
Core FFO Coverage - diluted	(2)	1.35x				1.47x					-7.8	%
AFFO Coverage - diluted	(2)	1.54x				1.68x					-8.2	%

(1)The Company uses the diluted weighted average common shares outstanding when in a dilutive position for FFO, Core FFO and AFFO.

(2)Indicates coverage ratio of net income (loss)/FFO/Core FFO/AFFO per common share (diluted) over dividends declared per common share during the period.

NXRT.NEXPOINT.COM Page 31

FAQ

How did NexPoint Residential Trust (NXRT) perform financially in Q1 2026?

NexPoint Residential Trust generated total revenues of $63.5 million in Q1 2026, slightly above $63.2 million a year earlier. It reported a net loss attributable to common stockholders of $6.8 million, or $0.27 per diluted share, essentially unchanged versus Q1 2025.

What were NXRT’s Q1 2026 FFO, Core FFO and AFFO results?

In Q1 2026, NXRT reported FFO of $17.4 million ($0.69 per share), flat year over year. Core FFO was $17.3 million ($0.68 per share) versus $0.75 prior year, and AFFO was $19.6 million ($0.77 per share) versus $0.84 in Q1 2025.

How did NXRT’s Same Store portfolio perform in Q1 2026?

For Q1 2026, NXRT’s Same Store properties saw total revenues decline 2.2% and NOI fall 2.7% year over year. Average effective monthly rent per unit decreased 0.9% to $1,482, while ending occupancy slipped 80 basis points to 93.6%.

What is NexPoint Residential Trust’s leverage and debt profile as of Q1 2026?

As of March 31, 2026, NXRT had $1.6 billion of total debt, primarily floating-rate mortgage loans. Net debt was $1.57 billion, implying a net debt to enterprise value ratio of 71%. The company uses interest rate swaps and caps to hedge a substantial portion of this exposure.

What dividend did NXRT pay and declare around Q1 2026?

NXRT paid a $0.53 per share common dividend on March 31, 2026 to stockholders of record March 13, 2026. On April 27, 2026, the board approved another $0.53 per share quarterly dividend, payable June 30, 2026 to stockholders of record June 16, 2026.

What 2026 full-year guidance has NexPoint Residential Trust reaffirmed?

For full-year 2026, NXRT reaffirmed guidance for diluted Core FFO of $2.42–$2.71 per share and diluted earnings (loss) per share between $(1.54) and $(1.26). It projects Same Store NOI growth between -2.5% and 1.5% and contemplates up to $200 million each of acquisitions and dispositions.

What net asset value (NAV) per share range did NXRT estimate for 2026?

NXRT estimated a net asset value per share range of $40.66 to $54.74, with a midpoint of $47.70, based on property NOI, cap rate assumptions and balance sheet adjustments. This compares with a quarter-end share price of $25.00 disclosed in the overview section.

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