After a lackluster performance in 2025, my hopes were that U.S. residential REITs such as NexPoint Residential Trust, Inc. ( NXRT ) would finally stage a turnaround in 2026. Alas, despite a notable decline in 10-year U.S. treasuryI ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36663 NexPoint Residential Trust, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 47-1881359 (State or other Juri ...

Listeners should not place undue reliance on any forward-looking statements and are urged to review the company's most recent Annual Report on Form 10-K and the company's other filings with the SEC for a more complete discussion of risks and other factors that could affect any forward-looking statements. The statements made during this conference call speak only as of today's date and, except as required by law, NexPoint Residential Trust, Inc. does not undertake any obligation to publicly update or revise ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $10.3 million, or $0.41 per diluted share, on total revenue of $62.1 million, compared to a net loss of $26.9 million, or $1.06 per diluted share, on total revenue of $63.8 million in Q4 2024, indicating an improvement in net loss despite a slight decrease in revenue [4] - The Q4 NOI was $37.1 million, a 4.7% decrease from $38.9 million in Q4 2024, with same-store rental income decreasing by 2.8% and same-store occupancy closing at 92.7% [5] - For the full year 2025, the net loss was $32 million, or $1.26 per diluted share, compared to a net income of $1.1 million, or $0.04 per diluted share, in 2024 [8] Business Line Data and Key Metrics Changes - The company completed 388 full and partial renovations in Q4 2025, leasing 275 renovated units with an average monthly rent premium of $74 and a 22.2% ROI [6] - Since inception, the company has completed 9,866 upgrades, resulting in average monthly rental increases of $158, $50, and $43 for different upgrades, with respective ROIs of 20.8%, 63.7%, and 37.2% [7] Market Data and Key Metrics Changes - Same-store average effective rents closed at $1,489 per unit per month, down 10 basis points year-over-year, with six of ten same-store markets showing positive year-over-year growth [16] - The same-store portfolio closed the year at 92.7% occupancy, down 195 basis points year-over-year, with South Florida leading at 94.5% [16] Company Strategy and Development Direction - The company plans to improve economic occupancy by approximately 900 basis points over four years through targeted upgrades and enhancements [21] - The 2026 guidance includes a projected same-store NOI growth range of -2.5% to 1.5%, with a midpoint of -0.5% [14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the Sun Belt multifamily market, anticipating an inflection point in lease growth due to reduced new supply and strong job growth [30] - The demographic profile of renters is shifting, with an increasing average age and household income, indicating a potential for higher demand for amenities catering to older populations [66] Other Important Information - The company has a total indebtedness of $1.6 billion with an adjusted weighted average interest rate of 3.28%, and no scheduled debt maturities until 2028 [12] - The company repurchased 223,109 shares at a weighted average price of $34.29 per share during 2025 [6] Q&A Session Summary Question: Refurbishment and remodeling plans for 2026 - The company plans to do 300 full upgrades and 400 partial upgrades, totaling around 1,700 units, similar to 2025 [38] Question: Interest rate swaps and their impact - Management is monitoring the swap market closely and is cautious about layering in additional swaps due to current market conditions [45] Question: January and February leasing trends - January new leases were down 7%, while February showed improvement with new leases down 5.7% [49] Question: Dividend coverage by cash flow - The dividend is covered by cash flow, targeting a ratio of 65%-75% of core AFFO [58] Question: Senior renter population trends - The company is seeing an increase in the average age and income of renters, indicating a shift in demand for amenities catering to older populations [66]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $10.3 million, or $0.41 per diluted share, on total revenue of $62.1 million, compared to a net loss of $26.9 million, or $1.06 per diluted share, on total revenue of $63.8 million in Q4 2024, indicating an improvement in net loss [4] - The company's NOI for Q4 was $37.1 million, a 4.7% decrease from $38.9 million in Q4 2024 [5] - Core FFO for Q4 was $16.5 million, or $0.65 per diluted share, compared to $0.68 per diluted share in Q4 2024 [5] - For the full year 2025, the net loss was $32 million, or a loss of $1.26 per diluted share, compared to net income of $1.1 million, or income of $0.04 per diluted share for 2024 [7][8] - The company reported a decrease in same-store NOI of 1.6% for the full year 2025 compared to 2024 [9] Business Line Data and Key Metrics Changes - The company completed 388 full and partial renovations in Q4 2025, leasing 275 renovated units with an average monthly rent premium of $74 and a 22.2% ROI [6] - Since inception, the company has completed 9,866 upgrades, resulting in significant average monthly rental increases per unit [7] Market Data and Key Metrics Changes - Same-store average effective rents closed at $1,489 per unit per month, down 10 basis points year-over-year, with six of ten markets showing positive growth [16] - Same-store occupancy closed at 92.7%, down 195 basis points year-over-year, with South Florida leading at 94.5% [16] Company Strategy and Development Direction - The company plans to improve economic occupancy by approximately 900 basis points over four years through targeted renovations and technology upgrades [21] - The company is optimistic about the Sun Belt multifamily market, anticipating a positive inflection point in lease growth due to reduced new supply and strong job growth [30][34] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2026, projecting a range of rental income growth and same-store NOI changes, with expectations of improved market conditions in the second half of the year [13][22] - The company is focusing on leveraging AI technology to enhance operational efficiency and drive value-add programs [29] Other Important Information - The company has a $200 million revolving credit facility with JPMorgan Chase Bank, improving pricing across leverage tiers [11] - The company has $121.7 million of available liquidity as it heads into 2026 [12] Q&A Session Summary Question: Refurbishment and remodeling plans for 2026 - The company plans to do 300 full upgrades and 400 partial upgrades, totaling around 1,700 units, similar to 2025 [38] Question: Interest rate swaps and market outlook - Management is monitoring the swap market closely and is cautious about layering in additional swaps due to current pricing [43][46] Question: January and February leasing trends - January new leases were down 7%, while February showed improvement with new leases down 5.7% [49] Question: Dividend coverage by cash flow - The dividend is covered by cash flow, with a target ratio of 65%-75% of core AFFO [58] Question: Senior renter population trends - The company is seeing an increase in the average age and income of renters, indicating a shift in demographic trends [66][67]

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.75 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to FFO of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +4.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.79 per share when it actually produced FFO of $0.8, delivering a surprise of +1.27%.Over t ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a net loss of $10.3 million, or $0.41 per diluted share, on total revenue of $62.1 million, compared to a net loss of $26.9 million, or $1.06 per diluted share, on total revenue of $63.8 million in Q4 2024, indicating an improvement in net loss [5][9] - The company's NOI for Q4 was $37.1 million, a 4.7% decrease from $38.9 million in Q4 2024 [6] - Core FFO for Q4 was $16.5 million, or $0.65 per diluted share, down from $0.68 per diluted share in Q4 2024 [6] - For the full year 2025, the net loss was $32 million, or $1.26 per diluted share, compared to a net income of $1.1 million, or $0.04 per diluted share, in 2024 [8][10] Business Line Data and Key Metrics Changes - Same-store rental income decreased by 2.8% in Q4 2025, with same-store occupancy closing at 92.7% [6][10] - The company completed 388 renovations in Q4, leasing 275 renovated units with an average monthly rent premium of $74 and a 22.2% ROI [7] - Since inception, the company has completed 9,866 upgrades, resulting in significant average monthly rental increases per unit [8] Market Data and Key Metrics Changes - Same-store average effective rents closed at $1,489 per unit per month, down 10 basis points year-over-year [17] - Six of the ten same-store markets showed positive year-over-year growth in effective rents, with Tampa leading at 3.1% [17] - Bad debt improved to 80 basis points of GPR, a 42% year-over-year improvement [20] Company Strategy and Development Direction - The company plans to continue its value-add business strategy, focusing on renovations and upgrades to drive rental income and asset appreciation [7][23] - The acquisition of Sedona at Lone Mountain for $73.25 million is part of a strategy to enhance economic occupancy and expand operating margins [23] - The company aims to improve economic occupancy by approximately 900 basis points over four years through targeted upgrades and technology installations [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the Sun Belt multifamily market, anticipating a positive inflection point in lease growth in the second half of 2026 [32][34] - The demographic profile of renters is shifting, with an increasing number of older renters, which the company plans to cater to with enhanced amenities [36][68] - The company is focused on leveraging technology to improve operational efficiency and drive value for tenants and shareholders [36] Other Important Information - The company has a strong liquidity position with $121.7 million available as it heads into 2026 [13] - The 2026 guidance includes expectations for rental income growth between 0% and 1.9%, with total revenue growth projected between 0.1% and 2% [15][26] Q&A Session Summary Question: About refurbishment and remodeling plans for 2026 - The company plans to do 300 full upgrades and 400 partial upgrades, totaling around 1,700 units, similar to 2025 [39][42] Question: Updates on interest rate swaps and their impact - The company is monitoring the swap market closely and is cautious about layering in additional swaps due to current pricing not reflecting expected rate cuts [43][46] Question: Trends in January and February regarding leasing and occupancy - January new leases were down 7%, while February showed improvement with new leases down 5.7% [50] Question: Dividend coverage by cash flow - The dividend is covered by cash flow, with a target payout ratio of 65%-75% of core AFFO [58][59] Question: Insights on the aging renter population and property amenities - The company is adapting its properties to cater to an aging population, focusing on health and wellness amenities [68]

EARNINGS SUPPLEMENT: FOURTH QUARTER & FULL YEAR 2025 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 Exhibit 99.1 24 February 2026 | NYSE: NXRT FOR IMMEDIATE RELEASE Contact: Investor Relations Kristen Griffith IR@nexpoint.com (214) 276-6300 Media inquiries: Pro-Nexpoint@prosek.com NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESU ...

costs—24,0042,409—23,203Casualty-related expenses/(recoveries)2641,389(2,214)1,700(249)Casualty loss167626856488Gain on forfeited deposits——(250)——Amortization of deferred financing costs6,5853,3642,9451,6561,314Mark-to-market adjustments of interest rate caps961(593)1,48426(124)Adjustment for noncontrolling interests(31)(114)(20)(13)(96)Core FFO attributable to common stockholders71,29373,13076,63016,53317,662Core FFO per share - basic$2.81$2.87$2.99$0.65$0.70Core FFO per share - diluted$2.79$2.79$2.92$0.6 ...

Core Viewpoint - NexPoint Residential Trust, Inc. has announced the final income allocations for its 2025 dividend distributions, indicating that all distributions will be classified as taxable ordinary income with no return of capital [1]. Group 1: Dividend Distribution Details - The company will distribute dividends of $0.51 per share on three occasions: March 31, 2025, June 30, 2025, and September 30, 2025 [1]. - Each dividend distribution will be entirely classified as taxable ordinary income, with no portion designated as return of capital [1]. Group 2: Company Overview - NexPoint Residential Trust is a publicly traded Real Estate Investment Trust (REIT) listed on the New York Stock Exchange under the symbol "NXRT" [1]. - The company focuses on acquiring, owning, and operating middle-income multifamily properties with value-add potential, primarily in large cities and suburban areas in the Southeastern and Southwestern United States [1]. - NexPoint Residential Trust is externally advised by NexPoint Real Estate Advisors, L.P., which is affiliated with NexPoint Advisors, L.P., an SEC-registered investment advisor with extensive real estate experience [1].