NexPoint Residential Trust, Inc.

Debt Maturity Schedule

The following table summarizes our contractual obligations and commitments as of March 31, 2025 for the next five calendar years subsequent to March 31, 2025 and thereafter. We used the applicable reference rate as of March 31, 2025 to calculate interest expense due by period on our floating rate debt and net interest expense due by period on our interest rate swaps.

(1)

Interest expense obligations includes the impact of expected settlements on interest rate swaps which have been entered into in order to fix the interest rate on the hedged portion of our floating rate debt obligations. As of March 31, 2025, we had entered into 6 interest rate swap transactions with a combined notional amount of $0.8 billion. We have allocated the total impact of expected settlements on the $0.8 billion notional amount of interest rate swaps to ‘Operating Properties Mortgage Debt.’ We used Adjusted SOFR as of March 31, 2025 to determine our expected settlements through the terms of the interest rate swaps.

(1)

As of March 31, 2025, we had total indebtedness of $1.5 billion at an adjusted weighted average interest rate of 3.58%, of which $1.5 billion was debt with a floating interest rate. The interest rate swap agreements we have entered into effectively fix the interest rate on $0.8 billion, or 55.6%, of our $1.5 billion of floating rate mortgage debt outstanding. For purposes of calculating the adjusted weighted average interest rate of the total indebtedness, we have included the weighted average fixed rate of 1.10% for Adjusted SOFR on the $0.8 billion notional amount of interest rate swap agreements that we have entered into as of March 31, 2025, which effectively fix the interest rate on $0.8 billion of our floating rate mortgage debt outstanding.