NexPoint Residential Trust, Inc.

For the period ended Apr 29, 2025. Filed Apr 29, 2025.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Apr 29, 2025 · Filed Apr 29, 2025

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NXRT$16.26-4.2%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · Outstanding Debt Details

Outstanding Debt Details

Mortgage Debt

The following table contains summary information concerning the mortgage debt of the Company as of March 31, 2025 (dollars in thousands):

Operating Properties · Type · Term (months) · OutstandingPrincipal · 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	5.42%	10/1/2031
Avant at Pembroke Pines	Floating	84		248,185	5.42%	10/1/2031
Bella Vista	Floating	84		37,400	5.42%	10/1/2031
Brandywine I & II	Floating	84		59,526	5.42%	10/1/2031
Cornerstone	Floating	84		45,815	5.42%	10/1/2031
Estates on Maryland	Floating	84		37,345	5.42%	10/1/2031
High House at Cary	Floating	84		32,478	5.42%	10/1/2031
Residences at Glenview Reserve	Floating	84		33,271	5.42%	10/1/2031
Sabal Palm at Lake Buena Vista	Floating	84		56,220	5.42%	10/1/2031
Six Forks Station	Floating	84		30,430	5.42%	10/1/2031
Summers Landing	Floating	84		14,135	5.42%	10/1/2031
The Adair	Floating	84		33,229	5.42%	10/1/2031
The Enclave	Floating	84		33,440	5.42%	10/1/2031
The Heritage	Floating	84		29,810	5.42%	10/1/2031
The Venue on Camelback	Floating	84		36,465	5.42%	10/1/2031
The Verandas at Lake Norman	Floating	84		30,113	5.42%	10/1/2031
Versailles II	Floating	84		15,706	5.42%	10/1/2031
Arbors on Forest Ridge	Floating	84		17,307	5.42%	12/1/2031
Atera Apartments	Floating	84		38,555	5.42%	12/1/2031
Bella Solara	Floating	84		37,772	5.42%	12/1/2031
Bloom	Floating	84		60,848	5.42%	12/1/2031
Courtney Cove	Floating	84		31,596	5.42%	12/1/2031
Creekside at Matthews	Floating	84		28,703	5.42%	12/1/2031
Cutter's Point	Floating	84		18,994	5.42%	12/1/2031
Fairways at San Marcos	Floating	84		55,056	5.42%	12/1/2031
Madera Point	Floating	84		29,676	5.42%	12/1/2031
Parc500	Floating	84		30,012	5.42%	12/1/2031
Rockledge Apartments	Floating	84		78,444	5.42%	12/1/2031
Seasons 704 Apartments	Floating	84		33,960	5.42%	12/1/2031
The Preserve at Terrell Mill	Floating	84		74,341	5.42%	12/1/2031
The Summit at Sabal Park	Floating	84		26,735	5.42%	12/1/2031
Torreyana Apartments	Floating	84		43,153	5.42%	12/1/2031
Venue at 8651	Floating	84		24,620	5.42%	12/1/2031
Versailles	Floating	84		26,108	5.42%	12/1/2031
			$1,503,242
Fair market value adjustment			371
Deferred financing costs, net of accumulated amortization of $2,579			(38,523)
			$1,465,090

(1)

Interest rate is based on a reference rate plus an applicable margin, except for fixed rate mortgage debt. The reference rates used in our portfolio is 30-Day Average Secured Overnight Financing Rate (“SOFR”). As of March 31, 2025, SOFR was 4.33%.

NXRT.NEXPOINT.COM	Page 21

Interest Rate Swap Agreements

As of March 31, 2025, the Company had the following outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk (dollars in thousands):

Effective Date · Termination Date · Counterparty · Notional Amount · Fixed Rate (1)
September 1, 2019	September 1, 2026	KeyBank	$100,000	1.4620%
September 1, 2019	September 1, 2026	KeyBank	125,000	1.3020%
January 3, 2020	September 1, 2026	KeyBank	92,500	1.6090%
March 4, 2020	June 1, 2026	Truist	100,000	0.8200%
June 1, 2021	September 1, 2026	KeyBank	200,000	0.8450%
June 1, 2021	September 1, 2026	KeyBank	200,000	0.9530%
			$817,500	1.1002%	(2)

(1)

The floating rate option for the interest rate swaps is SOFR plus 0.11448% ("Adjusted SOFR"). As of March 31, 2025, Adjusted SOFR was 4.45%.

(2)

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

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

Effective Date	Termination Date	Counterparty	Notional Amount	Fixed Rate (1)
September 1, 2026	January 1, 2027	KeyBank	$92,500	1.7980%

(1)

The floating rate option for the interest rate swaps is Adjusted SOFR. As of March 31, 2025, Adjusted SOFR was 4.45%.

NXRT.NEXPOINT.COM	Page 22

Interest Rate Cap Agreements

As of March 31, 2025, 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
Estates on Maryland	Floating	4/1/2025	43,157	3.91%
The Adair	Floating	4/1/2025	35,115	3.91%
Rockledge Apartments	Floating	12/1/2025	93,129	6.45%
The Preserve at Terrell Mill	Floating	12/1/2025	71,098	6.45%
Fairways at San Marcos	Floating	12/1/2025	60,228	6.70%
Bloom	Floating	12/1/2025	59,830	6.70%
Torreyana Apartments	Floating	12/1/2025	50,580	6.70%
Cornerstone	Floating	12/1/2025	46,804	6.66%
Atera Apartments	Floating	12/1/2025	46,198	6.45%
Silverbrook	Floating	12/1/2025	46,088	6.45%
Bella Solara	Floating	12/1/2025	40,328	6.70%
Versailles	Floating	12/1/2025	40,247	6.45%
Courtney Cove	Floating	12/1/2025	36,146	6.70%
Madera Point	Floating	12/1/2025	34,457	6.70%
Seasons 704 Apartments	Floating	12/1/2025	33,132	6.70%
The Summit at Sabal Park	Floating	12/1/2025	30,826	6.70%
Creekside at Matthews	Floating	12/1/2025	29,648	6.45%
Parc500	Floating	12/1/2025	29,416	6.45%
Cutter's Point	Floating	12/1/2025	21,524	6.45%
Arbors on Forest Ridge	Floating	12/1/2025	19,184	6.70%
Venue at 8651	Floating	12/1/2025	18,690	6.45%
The Venue on Camelback	Floating	2/1/2026	42,788	6.07%
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%
			$2,398,038	7.37%

NXRT.NEXPOINT.COM	Page 23

As of March 31, 2025, the Company had the following interest rate cap outstanding that was designated as a cash flow hedge of interest rate risk (dollars in thousands):

Property	Type	Maturity Date	Notional	Strike Rate
The Verandas at Lake Norman	Floating	7/1/2025	$34,925	3.40%

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.