NexPoint Residential Trust, Inc. (NYSE:NXRT) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET

Company Participants

Kristen Thomas - Investor Relations

Brian Mitts - Executive Vice President and Chief Financial Officer

Matt McGraner - Executive Vice President and Chief Investment Officer

Bonner McDermett - Vice President of Asset & Investment Management

Conference Call Participants

Kyle Katorincek - Janney Montgomery Scott LLC

Operator

Thank you for standing by, and welcome to the NexPoint Residential Trust Q3 2023 Conference Call. I would now like to welcome Kristen Thomas, Investor Relations, to begin the call. Kristen, over to you.

Kristen Thomas

Thank you. Good day, everyone, and welcome to NexPoint Residential Trust's conference call to review the company's results for the third quarter ended September 30, 2023. On the call today are Brian Mitts, Executive Vice President and Chief Financial Officer; Matt McGraner, Executive Vice President and Chief Investment Officer; and Bonner McDermett, Vice President, Asset and Investment Management.

As a reminder, this call is being webcast at the company's website at nxrt.nexpoint.com. Before we begin, I would like to remind everyone that this conference call 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. Listeners 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 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, NXRT does not undertake any obligation to publicly update or revise any forward-looking statements. This conference call also includes an analysis of non-GAAP financial measures. For a more complete discussion of these non-GAAP financial measures, see the company's earnings release that was filed earlier today.

I would now like to turn the call over to Brian Mitts. Please go ahead, Brian.

Brian Mitts

Thank you, Kristen. Welcome to everyone joining us this morning. I'm joined here with -- by Matt McGraner and Bonner McDermett. I'm going to kick off the call and cover our Q3 and year-to-date results, walk through our updated NAV calculation. And then give our revised guidance. I'll then turn it over to Matt and Bonner to discuss specifics on the portfolio lease environment metrics and the items driving our performance and guidance.