NXRT 0001193125-26-444451 8-K as filed: Nov 3, 2026

Exhibit 99.1

3 November 2026 | NYSE: NXRT

EARNINGS SUPPLEMENT: THIRD 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
Q3 Same Store Results		13
Q3 Same Store Properties Operating Metrics		15
QoQ Same Store Properties Operating Metrics		16
YTD Same Store Results		16
FFO, Core FFO and AFFO		19
Historical Capital Expenditures		20
Value-Add Program Details		21
Outstanding Debt Details		24
Debt Maturity Schedule		26
Historical Acquisition Details		27
Historical Disposition Details		28
Definitions and Reconciliations of Non-GAAP Measures		29

       Sedona at Lone Mountain: Las Vegas, NV

      

       Newly renovated Leasing office

      

Refreshed Fitness center

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 THIRD QUARTER 2026 RESULTS

NXRT Reports Third Quarter 2026 Results and Resets Full-Year Same-Store NOI Guidance

Dallas, TX, November 3, 2026 – NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the third quarter ended September 30, 2026.

Highlights

•

NXRT1 reported net loss, FFO2, Core FFO2 and AFFO2 of $11.5M, $11.7M, $13.4M and $16.2M, respectively, attributable to common stockholders for the quarter ended September 30, 2026, compared to net loss, FFO, Core FFO, and AFFO of $7.8M, $15.9M, $17.7M and $20.2M, respectively, attributable to common stockholders for the quarter ended September 30, 2025.

•

NXRT reported net loss, FFO, Core FFO and AFFO of $26.9M, $44.3M, $47.6M and $55.4M, respectively, attributable to common stockholders for the nine months ended September 30, 2026, compared to net loss, FFO, Core FFO, and AFFO of $21.8M, $50.2M, $54.8M and $62.1M, respectively, attributable to common stockholders for the nine months ended September 30, 2025.

•

For the three months ended September 30, 2026, Q3 Same Store properties3, occupancy decreased 70 bps, total revenue decreased 0.7%, and average effective rent and NOI2 decreased 0.7% and 8.2% over the prior year period.

•

For the nine months ended September 30, 2026, YTD Same Store properties3, occupancy decreased 70 bps, total revenue and NOI2 decreased 1.2% and 4.6%, respectively, and average effective rent decreased 0.7% over the prior year period.

•

NXRT paid a third quarter dividend of $0.53 per share of common stock on September 30, 2026.

•

The weighted average effective monthly rent per unit across all 36 properties held as of September 30, 2026 (the “Portfolio”), consisting of 13,3054 units, was $1,489, while physical occupancy was 92.8%.

•

During the third quarter 2026, for the properties in the Portfolio, we completed 708 full and partial upgrades and leased 425 upgraded units, achieving an average monthly rent premium of $42.54 and a 21.1% ROI5.

•

Since inception, for the properties currently in the Portfolio, we have completed 11,010 full and partial upgrades, 5,302 kitchen and laundry appliances, and 11,520 technology packages, resulting in a $147, $51, and $43 average monthly rental increase per unit and a 20.7%, 62.7%, and 37.2% ROI, respectively.

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

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 loss, see the “Definitions and Reconciliations of Non-GAAP Measures,” “FFO, Core FFO and AFFO” and “NOI and Same Store NOI” sections of this release.

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 12,980 units of apartment space in our Same Store pool for the three months ended September 30, 2026 (our “Q3 Same Store” properties) and 35 properties encompassing 12,980 units of apartment space in our Same Store pool for the nine months ended September 30, 2026 (our “YTD Same Store” properties). The same store unit count excludes 4 units that are currently down (Residences at West Place: 3 units, Venue at 8651: 1 unit).

Total units owned in our Portfolio is 13,305, however 4 units are currently down (Residences at West Place: 3 units, Venue at 8651: 1 unit).

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

Third Quarter 2026 Financial Results

•

Total revenues were $64.5 million for the third quarter of 2026, compared to $62.8 million for the third quarter of 2025.

•

Net loss attributable to common stockholders for the third quarter of 2026 totaled $11.5 million, or loss of $0.45 per diluted share, which included $23.2 million of depreciation and amortization expense. This compared to net loss attributable to common stockholders of $7.8 million, or loss of $0.31 per diluted share, for the third quarter of 2025, which included $23.8 million of depreciation and amortization expense.


NXRT.NEXPOINT.COM	Page 1

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

•

The change in our net loss of $11.5 million for the three months ended September 30, 2026 as compared to our net loss of $7.8 million for the three months ended September 30, 2025 primarily relates to an increase in property operating expenses and interest expense of $2.0 million and $2.6 million, respectively, offset by an increase in total revenues of $1.6 million.

•

For the third quarter of 2026, NOI was $36.6 million on 36 properties, compared to $38.8 million for the third quarter of 2025 on 35 properties.

•

For the third quarter of 2026, Q3 Same Store NOI decreased 8.2% to $35.6 million, compared to $38.8 million for the third quarter of 2025.

•

For the third quarter of 2026, FFO totaled $11.7 million, or $0.46 per diluted share, compared to $15.9 million, or $0.63 per diluted share, for the third quarter of 2025.

•

For the third quarter of 2026, Core FFO totaled $13.4 million, or $0.52 per diluted share, compared to $17.7 million, or $0.70 per diluted share, for the third quarter of 2025.

•

For the third quarter of 2026, AFFO totaled $16.2 million, or $0.63 per diluted share, compared to $20.2 million, or $0.80 per diluted share, for the third quarter of 2025.

2026 Year to Date Financial Results

•

Total revenues were $192.6 million for the nine months ended September 30, 2026, compared to $189.2 million for the nine months ended September 30, 2025.

•

Net loss attributable to common stockholders for the nine months ended September 30, 2026 totaled $26.9 million, or loss of $1.05 per diluted share, which included $71.4 million of depreciation and amortization expense. This compared to net loss attributable to common stockholders of $21.7 million, or loss of $0.86 per diluted share, for the nine months ended September 30, 2025, which included $72.2 million of depreciation and amortization expense.

•

The change in our net loss of $27.0 million for the nine months ended September 30, 2026 as compared to our net loss of $21.8 million for the nine months ended September 30, 2025 primarily relates to an increase in property operating expenses and interest expense of $4.0 million and $4.3 million, respectively, offset by an increase in total revenues of $3.4 million.

•

For the nine months ended September 30, 2026, NOI was $112.1 million on 36 properties, compared to $114.6 million for the nine months ended September 30, 2025 on 35 properties.

•

For the nine months ended September 30, 2026, YTD Same Store NOI decreased 4.6% to $109.3 million, compared to $114.6 million for the nine months ended September 30, 2025.

•

For the nine months ended September 30, 2026, FFO totaled $44.3 million, or $1.74 per diluted share, compared to $50.2 million, or $1.96 per diluted share, for the nine months ended September 30, 2025.

•

For the nine months ended September 30, 2026, Core FFO totaled $47.6 million, or $1.87 per diluted share, compared to $54.8 million, or $2.14 per diluted share, for the nine months ended September 30, 2025.

•

For the nine months ended September 30, 2026, AFFO totaled $55.4 million, or $2.18 per diluted share, compared to $62.1 million, or $2.43 per diluted share, for the nine months ended September 30, 2025.

Subsequent Events

•

On October 1, 2026, the Company drew $33.0 million under the Company's revolving credit facility (the "Credit Facility"). As of October 1, 2026, the Company had $112.1 million in aggregate principal outstanding and a $2.0 million letter of credit outstanding under the Credit Facility.

•

On October 2, 2026, the Company, through the OP, acquired the following property (dollars in thousands):

      Property Name

      Location

      Date of Acquisition

      Purchase Price

      Units

      Effective Ownership

Midtown Crossing

Raleigh, NC

October 2, 2026

32,000

228

100%

•

On October 26, 2026, the Company's board of directors (the "Board") authorized the Company to repurchase an indeterminate number of shares of our common stock at an aggregate market value of up to $150.0 million during a two-year period that will expire on October 26, 2028.

•

On October 26, 2026, the Board approved a quarterly dividend of $0.53 per share, payable on December 31, 2026 to stockholders of record on December 15, 2026.


NXRT.NEXPOINT.COM	Page 2

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Third Quarter Earnings Conference Call

NXRT will host a call on Tuesday, November 3, 2026, at 11:00 a.m. ET (10:00 a.m. CT), to discuss its third quarter 2026 financial results. The conference call can be accessed live over the phone by dialing 833-461-5787 or, for international callers, +1 365-657-4084 and using passcode Conference ID: 814362322. 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.

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.

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, forecasted submarket deliveries, 2026 full year guidance for earnings (loss) 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 fourth 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 and 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.: THIRD QUARTER 2026 OVERVIEW

      Company Profile

     


(share counts in thousands)
Exchange/Ticker	NYSE; NYSE Texas: NXRT
Share Price (1)	$18.04
Insider Ownership (2)	17.10%
2026 Q4 Dividend Per Share	$0.53
Dividend Yield (1)	11.75%
Shares Outstanding - basic (3)	25,550
Shares Outstanding - diluted (3)	25,550

(1)

As of the close of market trading on November 2, 2026.

(2)

As of the close of market trading on September 30, 2026.

(3)

Weighted average for the three months ended September 30, 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 Third Quarter 2026 Activity


Operating Snapshot
Metric	Q3'26	Q2'26	QoQ	Q3'25	YoY
Same Store Ending Physical Occupancy:	92.9%	93.6%	-0.7%	93.6%	-0.7%
Same Store Blended Lease Trade-out %:	-0.09%	-1.16%	1.08%	-0.44%	0.36%
Same Store Average Effective Monthly Rent per Unit:	$1,487	$1,487	0.0%	$1,497	-0.7%
Resident Turnover:	45.7%	44.1%	1.6%	45.0%	0.72%
Move-outs to Purchase a Home:	6.6%	8.7%	-2.2%	10.4%	-3.9%
Move-outs to Rent a Home:	2.5%	1.9%	0.6%	1.9%	0.6%
Bad Debt as % of Gross Potential Revenue:	0.8%	0.6%	33.3%	0.8%	0.0%

Monthly Leasing Cadence
Metric	Jul'26	Aug'26	Sept'26	Q3'26	Oct'26
New Lease Trade-out %	-3.3%	-4.1%	-6.0%	-4.5%	-3.6%
Renewal Lease Trade-out %	2.9%	3.6%	3.3%	3.2%	2.1%
Blended Lease Trade-out %	0.3%	0.3%	-0.8%	-0.1%	-0.3%
Ending Occupancy %	93.2%	92.5%	92.8%	92.8%	92.3%
Ending Leased %	95.9%	95.0%	95.1%	95.1%	95.3%
Resident Retention	53.5%	54.4%	54.9%	54.3%	57.5%

Market-Level Lease Trade-outs: Q3 2026
Market	New Leases	% Change	$ Change	Renewals	% Change	$ Change
Dallas/Fort Worth	209	-6.0%	-$73	289	2.2%	$28
Charlotte	30	-7.6%	-$103	75	2.9%	$42
Nashville	167	-6.0%	-$75	164	2.3%	$28
Atlanta	180	-2.6%	-$33	265	1.7%	$27
Orlando	112	-7.1%	-$106	174	2.1%	$33
Tampa	54	-2.4%	-$31	53	2.2%	$30
South Florida	179	-4.6%	-$96	285	2.0%	$42
Phoenix	258	-5.0%	-$72	268	3.5%	$49
Las Vegas	142	-1.5%	-$25	186	10.1%	$141
Raleigh	59	-0.9%	-$14	101	4.2%	$61
TOTAL	1,390	-4.5%	-$65	1,860	3.2%	$47

Market-Level Lease Trade-outs: October 2026
Market	New Leases	% Change	$ Change	Renewals	% Change	$ Change
Dallas/Fort Worth	40	-2.1%	-$26	65	2.1%	$23
Charlotte	13	-5.1%	-$68	19	0.7%	$10
Nashville	27	-7.9%	-$106	36	2.1%	$26
Atlanta	40	-2.1%	-$23	57	1.1%	$16
Orlando	19	-4.9%	-$71	38	1.4%	$22
Tampa	12	-5.2%	-$72	15	1.2%	$16
South Florida	48	-3.7%	-$83	64	0.8%	$17
Phoenix	44	-4.5%	-$49	56	3.1%	$41
Las Vegas	42	-1.1%	-$15	53	5.4%	$71
Raleigh	11	-4.7%	-$67	9	2.0%	$26
TOTAL	296	-3.6%	-$52	412	2.1%	$29


NXRT.NEXPOINT.COM	Page 5

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

FORECASTED SUBMARKET DELIVERIES (1)


Market	Submarket (RealPage)	Property	NXRT Unit Exposure		3-Mi Inventory (ApartmentIQ)		2025 Deliveries (3 mi)		2026 Deliveries (3 mi)		2027 Deliveries (3 mi)		2028 Deliveries (3 mi)		3-year Deliveries (3 mi)		3-year % of 3-Mi Inventory
ATL	Southeast Marietta	Rockledge		708		32,124		149		277		752		50		1,079	3.4%
ATL	Southeast Marietta	The Preserve at Terrell Mill		752		32,987		149		277		1,047		50		1,374	4.2%
ATL	Sandy Springs	The Adair		232		19,233		286		72		631		382		1,085	5.6%
CHA	Huntersville/Cornelius	The Verandas at Lake Norman		264		7,465		482		235		881		238		1,354	18.1%
CHA	Matthews/Southeast Charlotte	Creekside at Matthews		240		6,493		55		73		380		-		453	7.0%
DFW	East Fort Worth	The Venue at 8651		333		10,084		-		398		360		268		1,026	10.2%
DFW	Far North Dallas	Versailles I		388		41,471		-		-		390		-		390	0.9%
DFW	Far North Dallas	Versailles II		242		41,471		-		-		390		-		390	0.9%
DFW	Hurst/Euless/Bedford	Arbors on Forest Ridge		210		16,304		-		201		-		-		201	1.2%
DFW	Hurst/Euless/Bedford	Summers Landing		196		25,566		572		384		151		-		535	2.1%
DFW	Oak Lawn/Park Cities	Atera		380		87,114		1,439		1,334		886		327		2,547	2.9%
DFW	Richardson	Cutters Point		196		43,474		213		136		438		168		742	1.7%
LSV	Northwest Las Vegas	Bella Solara		320		18,111		216		38		-		-		38	0.2%
LSV	Northwest Las Vegas	Bloom		528		15,369		216		38		-		-		38	0.2%
LSV	Southwest Las Vegas	Torreyana		316		24,444		457		465		302		88		855	3.5%
LSV	North Las Vegas	Sedona at Lone Mountain		321		10,314		312		493		50		-		543	5.3%
NASH	East Nashville	Residences at Glenview Reserve		360		8,716		-		-		52		-		52	0.6%
NASH	South Nashville	Arbors of Brentwood		346		13,154		180		195		133		-		328	2.5%
NASH	South Nashville	Brandywine		632		15,437		180		195		133		-		328	2.1%
ORL	East Orlando	The Cornerstone		430		21,674		67		372		225		336		933	4.3%
ORL	Northwest Orlando	Residences at West Place		342		16,142		-		-		-		-		-	0.0%
ORL	South Orange County	Sabal Palm at Lake Buena Vista		400		35,010		264		868		1,197		482		2,547	7.3%
PHX	Chandler	Fairways at San Marcos		352		21,944		815		90		244		621		955	4.4%
PHX	North Central Phoenix	Heritage		204		56,899		1,952		2,026		84		291		2,401	4.2%
PHX	North Central Phoenix	The Venue on Camelback		415		35,699		514		350		36		-		386	1.1%
PHX	Northeast Phoenix	Bella Vista		248		15,321		113		-		-		-		-	0.0%
PHX	South Tempe	Enclave		204		53,327		1,170		951		742		159		1,852	3.5%
PHX	Southwest Mesa	Madera Point		256		42,177		1,159		545		481		157		1,183	2.8%
PHX	West Phoenix	Estates on Maryland		330		35,226		762		361		225		46		632	1.8%
RDU	Far North Raleigh	Six Forks Station		323		10,181		-		69		277		-		346	3.4%
RDU	North Cary/Morrisville	High House at Cary		302		10,750		50		227		80		135		442	4.1%
SFL	Pembroke Pines/Miramar	Avant at Pembroke Pines		1,520		17,387		332		-		-		-		-	0.0%
SFL	West Palm Beach	Parc500		217		31,144		418		770		714		181		1,665	5.3%
SFL	West Palm Beach	Seasons 704		222		13,565		75		300		25		-		325	2.4%
TPA	Egypt Lake/Lowry Park	Courtney Cove		324		19,508		-		403		-		-		403	2.1%
TPA	Temple Terrace	The Summit at Sabal Park		252		6,064		202		264		446		224		934	15.4%
Totals/Averages		Total (de-duplicated)		13,305		714,849		10,662		10,943		10,225		4,153		25,321	3.5%

(1)

Source: 2026 Realpage, Inc & Apartment IQ.; Data as of October 2026.


NXRT.NEXPOINT.COM	Page 6

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Financial Summary


	Q3 2026			Q3 2025			YTD 2026			YTD 2025
(in thousands, except for per share and unit data)
Company Profile
Market Capitalization (as of the last day of the period)	$	498,000		$	817,000
Share Price (as of the last day of the period)	$	19.51		$	32.22
Weighted average common shares outstanding - basic		25,550			25,364			25,489			25,398
Weighted average common shares outstanding - diluted		25,550			25,364			25,489			25,398

Earnings Profile
Total revenues	$	64,468		$	62,829		$	192,621		$	189,194
Net loss attributable to common stockholders		(11,486	)		(7,790	)		(26,851	)		(21,720	)
NOI (1)		36,556			38,819			112,087			114,614
Same Store NOI (2)		35,649			38,819			109,281			114,590
Same Store NOI Growth (%) (2)		-8.2	%					-4.6	%

Earnings Metrics Per Common Share (diluted basis)
Earnings	$	(0.45	)	$	(0.31	)	$	(1.05	)	$	(0.86	)
FFO (1)	$	0.46		$	0.63		$	1.74		$	1.96
Core FFO (1)	$	0.52		$	0.70		$	1.87		$	2.14
AFFO (1)	$	0.63		$	0.80		$	2.18		$	2.43
Dividends declared per common share	$	0.53		$	0.51		$	1.59		$	1.53
Net Loss Coverage (3)	-0.85x			-0.61x			-0.66x			-0.56x
FFO Coverage (3)	0.86x			1.23x			1.09x			1.28x
Core FFO Coverage (3)	0.99x			1.37x			1.18x			1.40x
AFFO Coverage (3)	1.19x			1.56x			1.37x			1.59x

Portfolio
Total Properties		36			35
Total Units (4)		13,305			12,984
Occupancy		92.8	%		93.6	%
Average Effective Monthly Rent per Unit	$	1,489		$	1,497

Same Store Portfolio Metrics (2)
Total Same Store Properties		35			35			35			35
Total Same Store Units		12,980			12,946			12,980			12,946
Occupancy		92.9	%		93.6	%		92.9	%		93.6	%
Average Effective Monthly Rent per Unit	$	1,487		$	1,497		$	1,487		$	1,497

Value-Add Program
Completed Rehab Units		708			365			1,467			1,130
Cumulative Completed Rehab Units (5)		11,010
Average Increase to Effective Monthly Rent per Unit (Post-Rehab)	$	147
ROI on Post-Rehab Units		20.7	%

Outstanding Debt Summary
Total Mortgage Debt	$	1,543,529		$	1,503,242
Credit Facility		79,145			—
Total Debt Outstanding	$	1,622,674		$	1,503,242
Leverage Ratio (Total Debt to Market Capitalization plus Total Debt)		77	%		65	%
Leverage Ratio (Net Debt to Enterprise Value) (6)		76	%		65	%

(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 Q3 and YTD Same Store properties, see the “Q3 Same Store Results” and “YTD 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 4 units are currently down.

(5)

Inclusive of all full and partial interior upgrades completed through September 30, 2026. Cumulative results exclude rehabs completed for properties sold through September 30, 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 revising guidance ranges and mid-points for earnings (loss) per diluted share, Core FFO per diluted share, Same Store rental income, Same Store total revenue, Same Store total expense, Same Store NOI, and Acquisitions and reaffirming guidance mid-point for Dispositions (dollars in millions, except per share amounts):


	Guidance Range (1)
	Low-End			Mid-Point			High-End			Prior Mid-Point
Earnings (loss) per diluted share (1)	$	(1.72	)	$	(1.68	)	$	(1.63	)	$	(1.54	)
Core FFO per diluted share (1) (2)	$	2.17		$	2.22		$	2.27		$	2.45

Same Store Growth: (3)
Rental Income		-1.9	%		-1.5	%		-1.2	%		-0.3	%
Total Revenue		-1.2	%		-0.9	%		-0.6	%		0.2	%
Total Expenses		4.7	%		4.4	%		4.1	%		2.1	%
Same Store NOI (2)		-5.1	%		-4.3	%		-3.6	%		-1.0	%

Other Considerations: (4)
Acquisitions	$	32.0		$	116.0		$	200.0		$	100.0
Dispositions	$	—		$	100.0		$	200.0		Reaffirmed

(1)

Weighted average diluted share count estimate for full year 2026 is approximately 25.6 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 income (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 loss 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	%		5.50	%		6.00	%	$	254,221	$	281,900

North Carolina
Raleigh		4.4	%		5.50	%		6.00	%		107,587		119,301
Charlotte		3.9	%		5.50	%		6.00	%		95,064		105,414

Georgia
Atlanta		12.6	%		5.50	%		6.00	%		309,920		343,662

Tennessee
Nashville		8.7	%		5.50	%		6.00	%		214,707		238,084

Florida
Orlando		8.9	%		5.50	%		6.00	%		218,685		242,494
Tampa		3.3	%		5.50	%		6.00	%		82,371		91,339
South Florida		20.8	%		5.50	%		6.00	%		512,379		568,163

Nevada
Las Vegas		11.4	%		5.50	%		6.00	%		280,023		310,510

Arizona
Phoenix		15.8	%		5.50	%		6.00	%		388,168		430,430
Total / Ave		100.0	%		5.50	%		6.00	%	$	2,463,125	$	2,731,297

       NOI ESTIMATE

      


Q2 2026 NOI Actual			37,894
Q3 2026 NOI Actual			36,556
	Low			High
Estimated Q4 2026 NOI Guidance (3)		35,702			38,136
2026 NOI Guidance (3)	$	147,788		$	150,221

       NAV SUMMARY

      


Component	Min					Max
Tangible Assets
Real Estate (2)	$	2,463,125				$	2,731,297
Cash				15,803
Restricted Cash - Renovation Reserves (4)				5,459
Renovation Expenditures (4)				(5,459	)
Cash Adjustments (5)				0
Fair Market Value of Interest Rate Swaps				4,346
Other Assets				62,349
Value of Assets	$	2,545,623				$	2,813,795

Tangible Liabilities
Credit Facility (6)			$	79,145
Mortgage Debt				1,543,529
Total Outstanding Debt				1,622,674
Forward 12-month Principal Payments				0
Total Outstanding Debt (FY 2026 Est.)				1,622,674
Other Tangible Liabilities (at Book)				40,159
Value of Liabilities			$	1,662,833
Net Leverage (mid-point)				62	%
Net Asset Value	$	882,790				$	1,150,962
Shares outstanding - diluted (FY 2026 Est.)				26,530
Est. NAV / Share	$	33.28				$	43.38
NAV / Share (mid-point)			$	38.33

       IMPLIED VALUATION METRICS

      


	Min				Max
Implied Real Estate Value	$	2,463,125			$	2,731,297
No. of Units (September 30, 2026) (2)				13,305
Implied Value/Apartment Unit	$	185.1			$	205.3
Implied Value/Apartment Unit (mid-point)			$	195.2

(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 September 30, 2026).

(3)

The Company anticipates net loss will be in the range between approximately $44.2 million and $41.8 million for the full year 2026 and between $17.3 million and $14.8 million for the fourth quarter of 2026. FY 2026 NOI Guidance considers a commensurate volume of capital recycling.

(4)

Includes approximately $5.5 million that is held for value-add upgrades; reduced by $5.5 million for estimated 2026 rehab expenditures.

(5)

Includes approximately $0.0 million in forward 12-month principal payments.

(6)

Includes outstanding balance as of September 30, 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)


	September 30, 2026			December 31, 2025
	(Unaudited)
ASSETS
Operating Real Estate Investments
Land	$	371,656		$	371,656
Buildings and improvements		1,830,396			1,812,311
Intangible lease assets		—			1,052
Construction in progress		1,245			8,535
Furniture, fixtures, and equipment		243,608			224,661
Total Gross Operating Real Estate Investments		2,446,905			2,418,215
Accumulated depreciation and amortization		(674,685	)		(604,321	)
Total Net Operating Real Estate Investments		1,772,220			1,813,894
Cash and cash equivalents		15,803			13,704
Restricted cash		38,845			31,476
Accounts receivable, net (1)		7,196			9,059
Prepaid and other assets (2)		21,767			4,852
Fair market value of interest rate swaps		4,346			13,434
TOTAL ASSETS	$	1,860,177		$	1,886,419

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Mortgages payable, net	$	1,513,336		$	1,469,410
Credit facility, net		77,817			88,102
Accounts payable and other accrued liabilities		13,192			11,554
Accrued real estate taxes payable		16,819			5,251
Accrued interest payable		6,579			7,053
Security deposit liability		2,735			2,980
Prepaid rents		834			1,170
Fair market value of interest rate swaps		—			475
Total Liabilities		1,631,312			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; 25,549,813 and 25,364,470 shares issued and outstanding, respectively		256			254
Additional paid-in capital		412,719			406,628
Accumulated earnings less dividends		(192,278	)		(123,409	)
Accumulated other comprehensive income		3,444			12,023
Total Stockholders' Equity		224,141			295,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	1,860,177		$	1,886,419

(1)

Includes $0.0 million and $0.0 million from a related party as of September 30, 2026 and December 31, 2025, respectively.

(2)

Includes $14.7 million and $0.0 million note receivable from a related party as of September 30, 2026 and December 31, 2025, respectively.


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 September 30,						For the Nine Months Ended September 30,
	2026			2025			2026			2025
Revenues
Rental income	$	61,400		$	60,899		$	184,258		$	183,569
Other income (1)		3,068			1,930			8,363			5,625
Total revenues		64,468			62,829			192,621			189,194
Expenses
Property operating expenses		15,409			13,366			42,355			38,363
Real estate taxes and insurance		8,224			7,325			24,506			24,812
Property management fees (2)		1,804			1,785			5,446			5,411
Advisory and administrative fees (3)		1,832			1,755			5,401			5,176
Corporate general and administrative expenses		4,943			4,839			14,127			13,795
Property general and administrative expenses		2,662			2,557			7,434			6,700
Depreciation and amortization		23,231			23,783			71,415			72,192
Total expenses		58,105			55,410			170,684			166,449
Operating income		6,363			7,419			21,937			22,745
Interest expense		(18,076	)		(15,459	)		(49,347	)		(45,002	)
Casualty gain (loss)		1			5			1			(163	)
Equity in earnings of affiliate		117			69			290			183
Miscellaneous income		63			145			161			431
Net loss		(11,532	)		(7,821	)		(26,958	)		(21,806	)
Net loss attributable to redeemable noncontrolling interests in the OP		(46	)		(31	)		(107	)		(86	)
Net loss attributable to common stockholders	$	(11,486	)	$	(7,790	)	$	(26,851	)	$	(21,720	)
Other comprehensive loss
Unrealized losses on interest rate derivatives		(885	)		(6,339	)		(8,613	)		(22,953	)
Total comprehensive loss		(12,417	)		(14,160	)		(35,571	)		(44,759	)
Comprehensive loss attributable to redeemable noncontrolling interests in the OP		(49	)		(56	)		(141	)		(176	)
Comprehensive loss attributable to common stockholders	$	(12,368	)	$	(14,104	)	$	(35,430	)	$	(44,583	)

Weighted average common shares outstanding - basic		25,550			25,364			25,489			25,398
Weighted average common shares outstanding - diluted		25,550			25,364			25,489			25,398

Loss per share - basic	$	(0.45	)	$	(0.31	)	$	(1.05	)	$	(0.86	)
Loss per share - diluted	$	(0.45	)	$	(0.31	)	$	(1.05	)	$	(0.86	)

(1)

Includes $0.5 million and $0.7 million from a related party for the three and nine months ended September 30, 2026, respectively, and $0.0 million for the three and nine months ended September 30, 2025, respectively.

(2)

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

(3)

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 Same Store NOI for the three and nine months ended September 30, 2026 and 2025 to net loss, the most directly comparable GAAP financial measure (in thousands):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2026			2025			2026			2025
Net loss		$	(11,532	)	$	(7,821	)	$	(26,958	)	$	(21,806	)
Adjustments to reconcile net loss to NOI:
Advisory and administrative fees			1,832			1,755			5,401			5,176
Corporate general and administrative expenses			4,943			4,839			14,127			13,795
Corporate income			(1,055	)		(392	)		(2,410	)		(1,204	)
Casualty-related expenses/(recoveries)	(1)		115			14			(1,547	)		(1,435	)
Casualty (gain) loss			(1	)		(5	)		(1	)		163
Property general and administrative expenses	(2)		1,064			1,256			3,003			2,914
Depreciation and amortization			23,231			23,783			71,415			72,192
Interest expense			18,076			15,459			49,347			45,002
Equity in earnings of affiliate			(117	)		(69	)		(290	)		(183	)
NOI		$	36,556		$	38,819		$	112,087		$	114,614
Less Non-Same Store
Revenues			(1,397	)		—			(4,397	)		(4	)
Operating expenses			490			—			1,591			(20	)
Same Store NOI		$	35,649		$	38,819		$	109,281		$	114,590

(1)

Adjustment to net loss to exclude certain property operating expenses that are casualty-related expenses/(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]

Q3 Same Store Results of Operations for the Three Months Ended September 30, 2026 and 2025

There are 35 properties encompassing 12,980 units of apartment space, or approximately 98% of our Portfolio, in our same store pool for the three months ended September 30, 2026 and 2025 (our “Q3 Same Store” properties). Our Q3 Same Store properties exclude 4 units that are currently down and the following property in our Portfolio as of September 30, 2026: Sedona at Lone Mountain.

As of September 30, 2026, our Q3 Same Store properties were approximately 92.9% occupied with a weighted average monthly effective rent per occupied apartment unit of $1,487, representing a year-over-year decrease of 70 bps and $10, respectively.

The following table reflects the revenues, property operating expenses and NOI for the three months ended September 30, 2026 and 2025 for our Q3 Same Store and Non-Same Store properties (dollars in thousands):


	For the Three Months Ended September 30,
	2026		2025		$ Change			% Change
Revenues
Same Store
Rental income	$	60,026	$	60,899	$	(873	)		-1.4	%
Other income		1,990		1,538		452			29.4	%
Same Store revenues		62,016		62,437		(421	)		-0.7	%
Non-Same Store
Rental income		1,374		—		1,374		N/M
Other income		23		—		23		N/M
Non-Same Store revenues		1,397		—		1,397		N/M
Total revenues		63,413		62,437		976			1.6	%

Operating expenses
Same Store
Property operating expenses (1)		15,003		13,352		1,651			12.4	%
Real estate taxes and insurance		8,100		7,325		775			10.6	%
Property management fees (2)		1,765		1,785		(20	)		-1.1	%
Property general and administrative expenses (3)		1,562		1,301		261			20.1	%
Same Store operating expenses		26,430		23,763		2,667			11.2	%
Non-Same Store
Property operating expenses		291		—		291		N/M
Real estate taxes and insurance		124		—		124		N/M
Property management fees (2)		39		—		39		N/M
Property general and administrative expenses (4)		36		—		36		N/M
Non-Same Store operating expenses		490		—		490		N/M
Total operating expenses		26,920		23,763		3,157			13.3	%

Operating income
Same Store
Miscellaneous income		63		145		(82	)	N/M
Total operating income		63		145		(82	)	N/M

NOI
Same Store		35,649		38,819		(3,170	)		-8.2	%
Non-Same Store		907		—		907		N/M
Total NOI (5)	$	36,556	$	38,819	$	(2,263	)		-5.8	%

(1)

For the three months ended September 30, 2026 and 2025, excludes approximately $112,000 and $14,000, respectively, of casualty-related expenses.

(2)

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


NXRT.NEXPOINT.COM	Page 13

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

(3)

For the three months ended September 30, 2026 and 2025, excludes approximately $1,042,000 and $1,070,000, 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 September 30, 2026 and 2025, excludes approximately $22,000 and $186,000, 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.

(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 Q3 Same Store properties rent and occupancy metrics, revenues, operating expenses and NOI for the three months ended September 30, 2026 and 2025 (dollars in thousands, except for per unit data):


	Q3 2026			Q3 2025			% Change
Same Store Total Units		12,980			12,946
Same Store Occupied Units		12,055			12,115
Same Store Ending Occupancy		92.9	%		93.6	%		-0.7	%
Same Store Average Rent per Unit	$	1,487		$	1,497			-0.7	%

Same Store Revenues
Same Store Rental Income	$	60,026		$	60,899			-1.4	%
Same Store Other Income		1,990			1,538			29.4	%
Total Same Store Revenues		62,016			62,437			-0.7	%

Same Store Operating Expenses
Payroll		4,875			4,701			3.7	%
Repairs & Maintenance		6,642			5,533			20.0	%
Utilities		3,486			3,118			11.8	%
Real Estate Taxes		6,955			6,027			15.4	%
Insurance		1,145			1,298			-11.8	%
Property Management Fees		1,765			1,785			-1.1	%
Office Operations		998			874			14.2	%
Marketing		564			427			32.1	%
Total Same Store Operating Expenses		26,430			23,763			11.2	%

Same Store Operating Income
Miscellaneous Income		63			145			-56.6	%
Total Same Store Operating Income		63			145			-56.6	%

Q3 Same Store NOI	$	35,649		$	38,819			-8.2	%


NXRT.NEXPOINT.COM	Page 14

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Q3 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		Q3 2026		Q3 2025		% Change	Q3 2026			Q3 2025			bps ∆		Q3 2026		Q3 2025		% Change
Texas
Dallas		1,944	$	1,206	$	1,236	-2.4%		91.9	%		93.1	%		-120	$	7,486	$	7,780	-3.8%
Average/Total		1,944		1,206		1,236	-2.4%		91.9	%		93.1	%		-120		7,486		7,780	-3.8%

North Carolina
Charlotte		504		1,394		1,413	-1.3%		90.5	%		95.2	%		-470		2,196		2,303	-4.6%
Raleigh/Durham		625		1,428		1,413	1.1%		91.5	%		95.7	%		-420		2,701		2,765	-2.3%
Average/Total		1,129		1,413		1,413	0.0%		91.1	%		95.5	%		-440		4,897		5,068	-3.4%

Georgia
Atlanta		1,692		1,450		1,457	-0.5%		95.2	%		94.5	%		70		7,792		7,514	3.7%
Average/Total		1,692		1,450		1,457	-0.5%		95.2	%		94.5	%		70		7,792		7,514	3.7%

Tennessee
Nashville		1,338		1,240		1,274	-2.7%		93.6	%		93.5	%		10		5,297		5,453	-2.9%
Average/Total		1,338		1,240		1,274	-2.7%		93.6	%		93.5	%		10		5,297		5,453	-2.9%

Florida
Orlando		1,169		1,508		1,553	-2.9%		94.3	%		92.7	%		160		5,456		5,495	-0.7%
Tampa		576		1,340		1,349	-0.7%		91.3	%		94.4	%		-310		2,333		2,422	-3.7%
South Florida		1,959		2,147		2,150	-0.1%		93.6	%		94.8	%		-120		13,036		13,165	-1.0%
Average/Total		3,704		1,820		1,837	-0.9%		93.5	%		94.1	%		-60		20,825		21,082	-1.2%

Arizona
Phoenix		2,009		1,401		1,426	-1.8%		92.6	%		91.9	%		70		8,817		8,985	-1.9%
Average/Total		2,009		1,401		1,426	-1.8%		92.6	%		91.9	%		70		8,817		8,985	-1.9%

Nevada
Las Vegas		1,164		1,440		1,353	6.4%		90.6	%		92.6	%		-200		4,912		5,017	-2.1%
Average/Total		1,164		1,440		1,353	6.4%		90.6	%		92.6	%		-200		4,912		5,017	-2.1%

Average/Total		12,980	$	1,487	$	1,497	-0.7%		92.9	%		93.6	%		-70	$	60,026	$	60,899	-1.4%

(1)

This table includes the 35 properties in our Q3 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		Q3 2026		Q2 2026		% Change	Q3 2026			Q2 2026			bps ∆		Q3 2026		Q2 2026		% Change
Texas
Dallas		1,944	$	1,206	$	1,207	-0.1%		91.9	%		92.2	%		-30	$	7,486	$	7,486	0.0%
Average/Total		1,944		1,206		1,207	-0.1%		91.9	%		92.2	%		-30		7,486		7,486	0.0%

North Carolina
Charlotte		504		1,394		1,405	-0.8%		90.5	%		94.8	%		-430		2,196		2,304	-4.7%
Raleigh/Durham		625		1,428		1,441	-0.9%		91.5	%		94.2	%		-270		2,701		2,769	-2.5%
Average/Total		1,129		1,413		1,425	-0.8%		91.1	%		94.5	%		-340		4,897		5,073	-3.5%

Georgia
Atlanta		1,692		1,450		1,450	0.0%		95.2	%		95.0	%		20		7,792		7,581	2.8%
Average/Total		1,692		1,450		1,450	0.0%		95.2	%		95.0	%		20		7,792		7,581	2.8%

Tennessee
Nashville		1,338		1,240		1,252	-1.0%		93.6	%		93.8	%		-20		5,297		5,283	0.3%
Average/Total		1,338		1,240		1,252	-1.0%		93.6	%		93.8	%		-20		5,297		5,283	0.3%

Florida
Orlando		1,169		1,508		1,526	-1.2%		94.3	%		94.3	%		0		5,456		5,417	0.7%
Tampa		576		1,340		1,343	-0.2%		91.3	%		93.9	%		-260		2,333		2,369	-1.5%
South Florida		1,959		2,147		2,145	0.1%		93.6	%		94.7	%		-110		13,036		13,233	-1.5%
Average/Total		3,704		1,820		1,825	-0.3%		93.5	%		94.5	%		-100		20,825		21,019	-0.9%

Arizona
Phoenix		2,009		1,401		1,395	0.4%		92.6	%		91.9	%		70		8,817		8,958	-1.6%
Average/Total		2,009		1,401		1,395	0.4%		92.6	%		91.9	%		70		8,817		8,958	-1.6%

Nevada
Las Vegas		1,164		1,440		1,402	2.7%		90.6	%		92.4	%		-180		4,912		5,002	-1.8%
Average/Total		1,164		1,440		1,402	2.7%		90.6	%		92.4	%		-180		4,912		5,002	-1.8%

Average/Total		12,980	$	1,487	$	1,487	0.0%		92.9	%		93.6	%		-70	$	60,026	$	60,402	-0.6%

(1)

This table includes the 35 properties in our Q3 Same Store pool.

YTD Same Store Results of Operations for the Nine Months Ended September 30, 2026 and 2025

There are 35 properties encompassing 12,980 units of apartment space, or approximately 98% of our Portfolio, in our same store pool for the nine months ended September 30, 2026 and 2025 (our “YTD Same Store” properties).

As of September 30, 2026, our YTD Same Store properties were approximately 92.9% occupied with a weighted average monthly effective rent per occupied apartment unit of $1,487, representing a year-over-year decrease of 70 bps and $10, respectively.


NXRT.NEXPOINT.COM	Page 16

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

The following table reflects the revenues, property operating expenses and NOI for the nine months ended September 30, 2026 and 2025 for our YTD Same Store and Non-Same Store properties (dollars in thousands):


	For the Nine Months Ended September 30,
	2026		2025			$ Change			% Change
Revenues
Same Store
Rental income	$	179,969	$	183,565		$	(3,596	)		-2.0	%
Other income		5,845		4,421			1,424			32.2	%
Same Store revenues		185,814		187,986			(2,172	)		-1.2	%
Non-Same Store
Rental income		4,289		4			4,285		N/M
Other income		108		—			108		N/M
Non-Same Store revenues		4,397		4			4,393		N/M
Total revenues		190,211		187,990			2,221			1.2	%

Operating expenses
Same Store
Property operating expenses (1)		43,052		39,797			3,255			8.2	%
Real estate taxes and insurance		23,992		24,835			(843	)		-3.4	%
Property management fees (2)		5,324		5,411			(87	)		-1.6	%
Property general and administrative expenses (3)		4,326		3,784			542			14.3	%
Same Store operating expenses		76,694		73,827			2,867			3.9	%
Non-Same Store
Property operating expenses		850		1			849		N/M
Real estate taxes and insurance		514		(23	)		537		N/M
Property management fees (2)		122		—			122		N/M
Property general and administrative expenses (4)		105		2			103		N/M
Non-Same Store operating expenses		1,591		(20	)		1,611		N/M
Total operating expenses		78,285		73,807			4,478			6.1	%

Operating income
Same Store
Miscellaneous income		161		431			(270	)	N/M
Total operating income		161		431			(270	)	N/M

NOI
Same Store		109,281		114,590			(5,309	)		-4.6	%
Non-Same Store		2,806		24			2,782		N/M
Total NOI (5)	$	112,087	$	114,614		$	(2,527	)		-2.2	%

(1)

For the nine months ended September 30, 2026 and 2025, excludes approximately $284,000 and $(1,435,000), 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 nine months ended September 30, 2026 and 2025, excludes approximately $2,912,000 and $2,696,000, 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 nine months ended September 30, 2026 and 2025, excludes approximately $2,000 and $-, respectively, of casualty-related expenses.

(5)

For the nine months ended September 30, 2026 and 2025, excludes approximately $91,000 and $218,000, 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.

(6)

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


NXRT.NEXPOINT.COM	Page 17

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

The following table contains additional information about our YTD Same Store properties rent and occupancy metrics, revenues, operating expenses and NOI for the nine months ended September 30, 2026 and 2025 (dollars in thousands, except for per unit data):


	YTD 2026			YTD 2025			% Change
Same Store Total Units		12,980			12,946
Same Store Occupied Units		12,055			12,115
Same Store Ending Occupancy		92.9	%		93.6	%		-0.7	%
Same Store Average Rent per Unit	$	1,487		$	1,497			-0.7	%

Same Store Revenues
Same Store Rental Income	$	179,969		$	183,565			-2.0	%
Same Store Other Income		5,845			4,421			32.2	%
Total Same Store Revenues		185,814			187,986			-1.2	%

Same Store Operating Expenses
Payroll		14,370			14,458			-0.6	%
Repairs & Maintenance		19,136			16,437			16.4	%
Utilities		9,546			8,902			7.2	%
Real Estate Taxes		20,408			20,551			-0.7	%
Insurance		3,584			4,284			-16.3	%
Property Management Fees		5,324			5,411			-1.6	%
Office Operations		2,847			2,723			4.6	%
Marketing		1,479			1,061			39.4	%
Total Same Store Operating Expenses		76,694			73,827			3.9	%

Same Store Operating Income
Miscellaneous Income		161			431			-62.6	%
Total Same Store Operating Income		161			431			-62.6	%

YTD Same Store NOI	$	109,281		$	114,590			-4.6	%


NXRT.NEXPOINT.COM	Page 18

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 and nine months ended September 30, 2026 and 2025 (in thousands, except per share amounts):


		For the Three Months Ended September 30,						For the Nine Months Ended September 30,
		2026			2025			2026			2025			% Change
Net loss		$	(11,532	)	$	(7,821	)	$	(26,958	)	$	(21,806	)		23.6	%
Depreciation and amortization			23,231			23,783			71,415			72,192			-1.1	%
Adjustment for noncontrolling interests			(46	)		(63	)		(175	)		(199	)		-12.1	%
FFO attributable to common stockholders			11,653			15,899			44,282			50,187			-11.8	%

FFO per share - basic		$	0.46		$	0.63		$	1.74		$	1.98			-12.1	%
FFO per share - diluted		$	0.46		$	0.63		$	1.74		$	1.96			-11.2	%

Casualty-related expenses/(recoveries)			115			14			(1,547	)		(1,435	)		7.8	%
Casualty (gain) loss			(1	)		(5	)		(1	)		163		N/M
Amortization of deferred financing costs			1,684			1,657			5,051			4,929			2.5	%
Mark-to-market adjustments of interest rate caps			(78	)		157			(205	)		935		N/M
Adjustment for noncontrolling interests			(7	)		(7	)		(13	)		(18	)		-27.8	%
Core FFO attributable to common stockholders			13,366			17,715			47,567			54,761			-13.1	%

Core FFO per share - basic		$	0.52		$	0.70		$	1.87		$	2.16			-13.4	%
Core FFO per share - diluted		$	0.52		$	0.70		$	1.87		$	2.14			-12.6	%

Equity-based compensation expense			2,812			2,527			7,910			7,337			7.8	%
Adjustment for noncontrolling interests			(11	)		(10	)		(31	)		(29	)		6.9	%
AFFO attributable to common stockholders			16,167			20,232			55,446			62,069			-10.7	%

AFFO per share - basic		$	0.63		$	0.80		$	2.18		$	2.44			-10.7	%
AFFO per share - diluted		$	0.63		$	0.80		$	2.18		$	2.43			-10.3	%

Weighted average common shares outstanding - basic			25,550			25,364			25,489			25,398			0.4	%
Weighted average common shares outstanding - diluted	(1)		25,550			25,370			25,489			25,545			-0.2	%

Dividends declared per common share		$	0.53		$	0.51		$	1.59		$	1.53			3.9	%

Net Loss Coverage - diluted	(2)	-0.85x			-0.61x			-0.66x			-0.56x				17.5	%
FFO Coverage - diluted	(2)	0.86x			1.23x			1.09x			1.28x				-14.6	%
Core FFO Coverage - diluted	(2)	0.99x			1.37x			1.18x			1.40x				-15.9	%
AFFO Coverage - diluted	(2)	1.19x			1.56x			1.37x			1.59x				-13.7	%

(1)

The Company uses 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 19

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Historical Capital Expenditures


	Q3 2026		Q3 2025		% Change			YTD 2026		YTD 2025		% Change
($ in thousands)
Capitalized Rehab Expenditures
Interior	$	1,506	$	2,017		-25.3	%	$	4,361	$	3,998		9.1	%
Exterior and common area		341		60		468.3	%		1,616		209	N/M

Capitalized Maintenance Expenditures
Recurring		5,529		4,553		21.4	%		13,544		10,597		27.8	%
Non-Recurring		3,572		4,564		-21.7	%		9,704		11,382		-14.7	%

Total Capital Expenditures	$	10,948	$	11,194		-2.2	%	$	29,225	$	26,186		11.6	%


NXRT.NEXPOINT.COM	Page 20

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		226	$	1,178	$	1,360	$	8,914		15.5	%		24.5	%
Arbors on Forest Ridge		210		215		789		877		3,964		11.2	%		26.7	%
Atera Apartments		380		305		1,173		1,298		3,041		10.7	%		49.3	%
Avant at Pembroke Pines		1,520		990		1,811		2,031		15,107		12.1	%		17.4	%
Bella Solara		320		175		1,183		1,306		8,630		10.4	%		17.1	%
Bella Vista		248		224		1,448		1,583		9,968		9.3	%		16.3	%
Bloom		528		204		1,229		1,360		11,194		10.6	%		14.0	%
Brandywine I & II		632		712		1,004		1,178		10,033		17.3	%		20.8	%
Courtney Cove		324		382		957		1,049		4,267		9.6	%		25.8	%
Creekside at Matthews		240		136		1,310		1,475		8,436		12.6	%		23.5	%
Cutter's Point		196		205		941		1,042		5,458		10.8	%		22.3	%
Estates on Maryland		330		172		1,232		1,370		9,544		11.2	%		17.3	%
Fairways at San Marcos		352		226		1,434		1,564		9,257		9.1	%		17.0	%
High House at Cary		302		188		1,338		1,537		10,138		14.9	%		23.6	%
Madera Point		256		300		911		1,013		4,196		11.2	%		29.3	%
Parc500		217		300		1,353		1,503		11,473		11.1	%		15.7	%
Residences at Glenview Reserve		360		361		1,067		1,285		12,648		20.4	%		20.7	%
Residences at West Place		342		239		1,498		1,680		11,175		12.1	%		19.5	%
Rockledge Apartments		708		675		1,257		1,406		8,157		11.9	%		21.9	%
Sabal Palm at Lake Buena Vista		400		242		1,326		1,441		7,197		8.7	%		19.3	%
Sedona at Lone Mountain		321		16		1,157		1,170		1,958		1.1	%		8.0	%
Seasons 704 Apartments		222		291		1,226		1,343		6,919		9.5	%		20.3	%
Six Forks Station		323		177		1,119		1,375		11,198		22.9	%		27.4	%
Summers Landing		196		99		978		1,132		7,871		15.7	%		23.4	%
Summit at Sabal Park		252		283		1,013		1,103		5,161		8.9	%		21.0	%
The Adair		232		193		1,738		1,994		10,736		14.7	%		28.5	%
The Cornerstone		430		590		1,047		1,140		4,621		8.8	%		24.0	%
The Enclave		204		210		1,451		1,608		8,876		10.8	%		21.2	%
The Heritage		204		211		1,365		1,482		8,381		8.6	%		16.8	%
The Preserve at Terrell Mill		752		924		885		1,043		9,855		17.8	%		19.2	%
The Verandas at Lake Norman		264		125		1,211		1,353		8,859		11.7	%		19.3	%
The Venue on Camelback		415		332		764		998		9,643		30.6	%		29.1	%
Torreyana Apartments		316		87		1,294		1,386		9,023		7.1	%		12.3	%
Venue at 8651		333		368		861		955		5,971		10.9	%		18.9	%
Versailles		388		467		801		877		4,641		9.4	%		19.5	%
Versailles II		242		160		828		897		3,336		8.3	%		24.8	%
Total/Weighted Average		13,305		11,010	$	1,162	$	1,309	$	8,527		12.6	%		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 September 30, 2026.

(3)

Inclusive of all full and partial interior upgrades completed and leased through September 30, 2026.


NXRT.NEXPOINT.COM	Page 21

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		327	$	894	$	50		67.3	%
Arbors on Forest Ridge		210		136		787		47		71.4	%
Atera Apartments		380		369		813		40		59.7	%
Avant at Pembroke Pines		1,520		715		1,267		52		48.9	%
Brandywine I & II		632		242		1,121		73		77.9	%
Creekside at Matthews		240		183		1,103		56		60.4	%
Cutter's Point		196		166		831		47		67.7	%
Estates on Maryland		330		21		1,067		38		42.3	%
Madera Point		256		158		893		31		41.3	%
Residences at Glenview Reserve		360		139		1,293		55		51.1	%
Rockledge Apartments		708		631		827		40		58.0	%
Sabal Palm at Lake Buena Vista		400		634		599		86		171.8	%
Six Forks Station		323		216		1,092		55		60.5	%
Summers Landing		196		119		915		59		76.9	%
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		224		1,085		47		51.5	%
Venue at 8651		333		274		780		47		72.3	%
Versailles		388		325		888		49		66.5	%
Versailles II		242		146		902		30		40.2	%
Total/Weighted Average		8,238		5,302	$	975	$	51		62.7	%

(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 September 30, 2026.

(3)

Inclusive of all kitchen and laundry appliance upgrades completed and leased through September 30, 2026.


NXRT.NEXPOINT.COM	Page 22

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	%
Sedona at Lone Mountain		321		321		811		30		35.5	%
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		11,520		11,520	$	1,105	$	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
Summit at Sabal Park		252		—	TBD		TBD		TBD
The Preserve at Terrell Mill		752		—	TBD		TBD		TBD
Total/Weighted Average Planned		1,568		—	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 September 30, 2026.

(3)

Inclusive of all smart home technology package upgrades completed and leased through September 30, 2026.


NXRT.NEXPOINT.COM	Page 23

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 September 30, 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			4.84%	10/1/2031
Avant at Pembroke Pines	Floating		84		248,185			4.84%	10/1/2031
Bella Vista	Floating		84		37,400			4.84%	10/1/2031
Brandywine I & II	Floating		84		59,526			4.84%	10/1/2031
Cornerstone	Floating		84		45,815			4.84%	10/1/2031
Estates on Maryland	Floating		84		37,345			4.84%	10/1/2031
High House at Cary	Floating		84		32,478			4.84%	10/1/2031
Residences at Glenview Reserve	Floating		84		33,271			4.84%	10/1/2031
Sabal Palm at Lake Buena Vista	Floating		84		56,220			4.84%	10/1/2031
Six Forks Station	Floating		84		30,430			4.84%	10/1/2031
Summers Landing	Floating		84		14,135			4.84%	10/1/2031
The Adair	Floating		84		33,229			4.84%	10/1/2031
The Enclave	Floating		84		33,440			4.84%	10/1/2031
The Heritage	Floating		84		29,810			4.84%	10/1/2031
The Venue on Camelback	Floating		84		36,465			4.84%	10/1/2031
The Verandas at Lake Norman	Floating		84		30,113			4.84%	10/1/2031
Versailles II	Floating		84		15,706			4.84%	10/1/2031
Arbors on Forest Ridge	Floating		84		17,307			4.84%	12/1/2031
Atera Apartments	Floating		84		38,555			4.84%	12/1/2031
Bella Solara	Floating		84		37,772			4.84%	12/1/2031
Bloom	Floating		84		60,848			4.84%	12/1/2031
Courtney Cove	Floating		84		31,596			4.84%	12/1/2031
Creekside at Matthews	Floating		84		28,703			4.84%	12/1/2031
Cutter's Point	Floating		84		18,994			4.84%	12/1/2031
Fairways at San Marcos	Floating		84		55,056			4.84%	12/1/2031
Madera Point	Floating		84		29,676			4.84%	12/1/2031
Parc500	Floating		84		30,012			4.84%	12/1/2031
Rockledge Apartments	Floating		84		78,444			4.84%	12/1/2031
Seasons 704 Apartments	Floating		84		33,960			4.84%	12/1/2031
The Preserve at Terrell Mill	Floating		84		74,341			4.84%	12/1/2031
The Summit at Sabal Park	Floating		84		26,735			4.84%	12/1/2031
Torreyana Apartments	Floating		84		43,153			4.84%	12/1/2031
Venue at 8651	Floating		84		24,620			4.84%	12/1/2031
Versailles	Floating		84		26,108			4.84%	12/1/2031
Sedona at Lone Mountain	Floating		84		40,287			4.98%	2/1/2033
					1,543,529
Fair market value adjustment					212		(2)
Deferred financing costs, net of accumulated amortization of $11,460					(30,405	)
				$	1,513,336

(1)

Interest rate is based on a reference rate plus an applicable margin, except for fixed rate mortgage debt. The reference rate used in our Portfolio is 30-Day Average Secured Overnight Financing Rate ("SOFR"). As of September 30, 2026, SOFR was 3.75%.

(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 term of the mortgage.


NXRT.NEXPOINT.COM	Page 24

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Interest Rate Swap Agreements

As of September 30, 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, 2026	January 1, 2027	KeyBank	$	92,500		1.798	%
April 3, 2025	April 1, 2030	JPM		100,000		3.489	%
			$	192,500		2.676	%	(2)

(1)

The floating rate option for the KeyBank interest rate swap is SOFR plus 0.11448% (“Adjusted SOFR”) and the floating rate option for the J.P. Morgan Chase Bank, N.A. ("JPM") swap is based on SOFR. As of September 30, 2026, Adjusted SOFR and SOFR were 3.86% and 3.75%, respectively.

(2)

Represents the weighted average fixed rate of the interest rate swaps.

Interest Rate Cap Agreements

As of September 30, 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%


NXRT.NEXPOINT.COM	Page 25

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Debt Maturity Schedule

The following table summarizes our contractual obligations and commitments as of September 30, 2026 for the next five calendar years subsequent to September 30, 2026 and thereafter. We used the applicable reference rate as of September 30, 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		Remainder of 2026		2027		2028		2029		2030		Thereafter
Operating Properties Mortgage Debt
Principal payments		$	1,543,529	$	—	$	—	$	33,817	$	—	$	—	$	1,509,712
Interest expense	(1)		453,703		18,985		88,125		91,817		89,333		88,932		76,511
Total		$	1,997,232	$	18,985	$	88,125	$	125,634	$	89,333	$	88,932	$	1,586,223

Credit Facility
Principal payments		$	79,145	$	—	$	—	$	79,145	$	—	$	—	$	—
Interest expense			9,622		1,266		5,533		2,823		—		—		—
Total		$	88,767	$	1,266	$	5,533	$	81,968	$	—	$	—	$	—

Total contractual obligations and commitments		$	2,085,999	$	20,251	$	93,658	$	207,602	$	89,333	$	88,932	$	1,586,223

(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 September 30, 2026, we had entered into 2 interest rate swap transactions with a combined notional amount of $0.2 billion. We have allocated the total impact of expected settlements on the $0.2 billion notional amount of interest rate swaps to ‘Operating Properties Mortgage Debt.’ We used the applicable reference rate as of September 30, 2026 to determine our expected settlements through the terms of the interest rate swaps.

(1)

As of September 30, 2026, we had total indebtedness of $1.6 billion at an adjusted weighted average interest rate of 4.75% of which $1.6 billion was debt with a floating interest rate. As of September 30, 2026, the interest rate swap agreements we have entered into effectively fix the interest rate on 13% 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 2.68% for the floating interest rate on the $0.2 billion notional amount of interest rate swap agreements that we have entered into as of September 30, 2026, which effectively fix the interest rate on the combined $0.2 billion of our floating rate mortgage debt outstanding.

(2)

Debt maturity schedule as of September 30, 2026.


NXRT.NEXPOINT.COM	Page 26

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		90,434
The Summit at Sabal Park	Tampa, FL		252	8/20/2014		19,050		1,867		20,917		83,004
Courtney Cove	Tampa, FL		324	8/20/2014		18,950		1,819		20,769		64,102
Sabal Palm at Lake Buena Vista	Orlando, FL		400	11/5/2014		49,500		11,347		60,847		152,118
Cornerstone	Orlando, FL		430	1/15/2015		31,550		2,802		34,352		79,888
The Preserve at Terrell Mill	Marietta, GA		752	2/6/2015		58,000		16,313		74,313		98,820
Versailles	Dallas, TX		388	2/26/2015		26,165		4,674		30,839		79,482
Seasons 704 Apartments	West Palm Beach, FL		222	4/15/2015		21,000		2,026		23,026		103,721
Madera Point	Mesa, AZ		256	8/5/2015		22,525		1,932		24,457		95,535
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		126,885
The Venue on Camelback	Phoenix, AZ		415	10/11/2016		44,600		6,202		50,802		122,414
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		208,887
The Enclave	Tempe, AZ		204	1/28/2019		41,800		2,613		44,413		217,711
The Heritage	Phoenix, AZ		204	1/28/2019		41,900		2,660		44,560		218,431
Summers Landing	Fort Worth, TX		196	6/7/2019		19,396		2,997		22,393		114,250
Residences at Glenview Reserve	Nashville, TN		360	7/17/2019		45,000		6,079		51,079		141,886
Residences at West Place	Orlando, FL		342	7/17/2019		55,000		4,505		59,505		173,991
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		192,191
Torreyana Apartments	Las Vegas, NV		316	11/22/2019		68,000		2,771		70,771		223,959
Bloom	Las Vegas, NV		528	11/22/2019		106,500		4,786		111,286		210,769
Bella Solara	Las Vegas, NV		320	11/22/2019		66,500		3,642		70,142		219,194
Fairways at San Marcos	Chandler, AZ		352	11/2/2020		84,480		4,366		88,846		252,403
The Verandas at Lake Norman	Cornelius, NC		264	6/30/2021		63,500		4,812		68,312		258,758
Creekside at Matthews	Matthews, NC		240	6/30/2021		58,000		4,128		62,128		258,867
Six Forks Station	Raleigh, NC		323	9/10/2021		74,760		6,431		81,191		251,365
High House at Cary	Cary, NC		302	12/7/2021		93,250		5,247		98,497		326,149
The Adair	Sandy Springs, GA		232	4/1/2022		65,500		5,390		70,890		305,560
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		250,717
Total/Weighted Average			13,305		$	2,106,227	$	215,048	$	2,321,275	$	174,466

(1)

Only includes properties owned as of September 30, 2026.

(2)

Includes interior and exterior rehab.


NXRT.NEXPOINT.COM	Page 27

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	Daytona 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 28

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 a non-GAAP financial measure of performance. 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 as 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) corporate income and corporate general and administrative expenses that are not reflective of operations of the properties, (5) casualty-related expenses/(recoveries) and casualty (gain) loss, (6) 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 (7) 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, 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.

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 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 29

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

Reconciliations

Reconciliation of Debt to Net Debt


(dollar amounts in thousands)	Q3 2026			Q3 2025
Total mortgage debt	$	1,543,529		$	1,503,242
Total credit facility		79,145			—
Total debt outstanding		1,622,674			1,503,242

Adjustments to arrive at net debt:
Cash and cash equivalents		(15,803	)		(10,828	)
Restricted cash held for value-add upgrades		(5,459	)		(3,098	)
Net debt	$	1,601,412		$	1,489,316
Enterprise Value (1)	$	2,099,412		$	2,306,316
Leverage Ratio (Total Debt to Market Capitalization plus Total Debt)		77	%		65	%
Leverage Ratio (Net Debt to Enterprise Value)		76	%		65	%

(1)

Enterprise Value is calculated as Market Capitalization 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 net loss (the most directly comparable GAAP financial measure) guidance for the periods presented below (in thousands):


		For the Year Ended December 31, 2026			For the Three Months Ended December 31, 2026
		Mid-Point (1)			Mid-Point (1)
Net loss		$	(43,012	)	$	(16,054	)
Adjustments to reconcile net loss to NOI:
Advisory and administrative fees			7,217			1,816
Corporate general and administrative expenses			19,055			4,928
Corporate income			(3,193	)		(783	)
Property general and administrative expenses	(2)		4,104			1,103
Depreciation and amortization			94,912			23,497
Interest expense			71,839			22,492
Casualty-related recoveries			(1,548	)		—
Equity in earnings of affiliate			(370	)		(80	)
NOI		$	149,004		$	36,919
Less Non-Same Store
Revenues	(3)		(6,528	)
Operating expenses	(3)		2,591
Same Store NOI	(3)	$	145,067

(1)

Mid-Point estimates shown for full year and fourth quarter 2026 guidance. Assumptions made for full year and fourth 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 dispositions throughout the fiscal year.

(2)

(3)

Amounts are derived from the results of operations of our YTD Same Store properties and Non-Same Store properties. There are 35 properties in our YTD Same Store pool.


NXRT.NEXPOINT.COM	Page 30

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	$	(43,012	)
Depreciation and amortization		94,912
Adjustment for noncontrolling interests		(205	)
FFO attributable to common stockholders		51,695
FFO per share - diluted (1)	$	2.02

Casualty-related recoveries		(1,548	)
Amortization of deferred financing costs		6,722
Mark-to-market adjustments of interest rate caps		(65	)
Adjustment for noncontrolling interests		(20	)
Core FFO attributable to common stockholders		56,784
Core FFO per share - diluted (1)	$	2.22

Equity-based compensation expense		10,722
Adjustment for noncontrolling interests		(42	)
AFFO attributable to common stockholders		67,464
AFFO per share - diluted (1)	$	2.64

Weighted average common shares outstanding - diluted		25,561

(1)

For purposes of calculating per share data, we assume a weighted average diluted share count of approximately 25.6 million for the full year 2026.

NOI

The following table, which has not been adjusted for the effects of noncontrolling interests, reconciles NOI for the three months ended June 30, 2026 and the year ended December 31, 2025 to net loss, the most directly comparable GAAP financial measure (in thousands):


		For the Three Months Ended June 30, 2026			For the Year Ended December 31, 2025
Net loss		$	(8,645	)	$	(32,154	)
Adjustments to reconcile net loss to NOI:
Advisory and administrative fees			1,798			6,941
Corporate general and administrative expenses			4,711			17,945
Corporate income			(765	)		(1,666	)
Casualty-related expenses	(1)		90			264
Casualty loss			—			167
Property general and administrative expenses	(2)		1,088			4,010
Depreciation and amortization			23,893			95,752
Interest expense			15,829			60,735
Equity in earnings of affiliate			(105	)		(257	)
NOI		$	37,894		$	151,737

(1)

Adjustment to net loss to exclude certain property operating expenses that are casualty-related expenses.

(2)


NXRT.NEXPOINT.COM	Page 31

NEXPOINT RESIDENTIAL TRUST, INC. [NYSE:NXRT]

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


		For the Year Ended December 31, 2025
Net loss		$	(32,154	)
Depreciation and amortization			95,752
Adjustment for noncontrolling interests			(251	)
FFO attributable to common stockholders			63,347

FFO per share - basic		$	2.49
FFO per share - diluted		$	2.48

Casualty-related expenses			264
Casualty losses			167
Amortization of deferred financing costs			6,585
Mark-to-market adjustments of interest rate caps			961
Adjustment for noncontrolling interests			(31	)
Core FFO attributable to common stockholders			71,293

Core FFO per share - basic		$	2.81
Core FFO per share - diluted		$	2.79

Equity-based compensation expense			9,883
Adjustment for noncontrolling interests			(39	)
AFFO attributable to common stockholders			81,137

AFFO per share - basic		$	3.20
AFFO per share - diluted		$	3.18

Weighted average common shares outstanding - basic			25,390
Weighted average common shares outstanding - diluted	(1)		25,554

Dividends declared per common share		$	2.06

Net Loss Coverage - diluted	(2)	-0.61x
FFO Coverage - diluted	(2)	1.20x
Core FFO Coverage - diluted	(2)	1.35x
AFFO Coverage - diluted	(2)	1.54x

(1)

(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 32



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



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.



Exhibit Number		Exhibit Description

99.1		Press Release dated November 3, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)



	NEXPOINT RESIDENTIAL TRUST, INC.

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