NexPoint Residential Trust, Inc. (NYSE:NXRT) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET

Company Participants

Kristen Thomas - Investor Relations

Brian Mitts - Executive Vice President and Chief Financial Officer

Matt McGraner - Executive Vice President, Chief Investment Officer

Conference Call Participants

Buck Horne - Raymond James

Rob Stevenson - Jeannie

Mike Lewis - Truist Securities

Operator

Hello and welcome to the NexPoint Residential Trust, Q3 2022 Conference Call. My name is Laura and I will be a coordinator for today’s event. Please note, this call is being recorded. [Operator Instructions]

I will now hand you over to your host Kristen Thomas to begin today’s conference. Thank 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 September 30, 2022. On the call today are Brian Mitts, Executive Vice President and Chief Financial Officer; and Matt McGraner, Executive Vice President and Chief Investment Officer. As a reminder, this call is being webcast through 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 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, and welcome to everyone joining us this morning. Really appreciate your time and apologize for the technical issues you may have had dialing in. I’ll kick off the call and cover our Q3 year-to-date results, update our NAV calculation and then provide guidance. I’ll then turn it over to Matt to discuss specifics on the leasing environment and metrics driving our performance and guidance.