NexPoint Residential Trust, Inc. (NYSE:NXRT) Q1 2022 Earnings Conference Call April 26, 2022 11:00 AM ET

Company Participants

Jackie Graham – Director-Investor Relations and Capital Markets

Brian Mitts – Executive Vice President and Chief Financial Officer

Matt McGraner – Executive Vice President and Chief Investment Officer

Conference Call Participants

Michael Lewis – Truist Securities

Tayo Okusanya – Credit Suisse

Peter Abramowitz – Jefferies

Operator

Good day and welcome to the NexPoint Residential Trust Q1 2022 Conference Call. This conference is being recorded.

Now at this time, I would like to turn the conference over to Jackie Graham. Please go ahead, ma’am.

Jackie Graham

Thank you. Good day everyone. And welcome to NexPoint Residential Trust conference call to review the company’s results for the first quarter ended March 31, 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 any forward-looking statements.

The statements made during the 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 measure, please 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, Jackie. I appreciate everyone for joining us this morning. I’m Brian Mitts and I’m here with Matt McGraner. I'm going to start the call by going through our Q1 results talking about our NAV. And then I'll finish up with guidance, which we are revising upward. And then I'll turn over to Matt to discuss some of the specifics in the portfolio, dig into the leasing numbers and different metrics driving performance this quarter.