NexPoint Residential Trust, Inc. (NYSE:NXRT) Q3 2024 Earnings Call Transcript October 29, 2024 11:00 AM ET

Company Participants

Kristen Thomas - IR
Brian Mitts - EVP and CFO
Matt McGraner - EVP and CIO
Bonner McDermett - VP, Asset and Investment Management

Conference Call Participants

Omotayo Okusanya - Deutsche Bank
Michael Lewis - Truist Securities

Operator

Thank you for standing by. My name is Mark, and I will be your conference operator today. At this time, I would like to welcome everyone to NXRT Q3 2024 Earnings Call. Today's call is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the call over to Kristen of Investor Relations. Kristen, your line is now open.

Kristen Thomas

Thank you. Good day, everyone, and welcome to NexPoint Residential Trust conference call to review the company's results for the third quarter ended September 30, 2024. 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 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 meanings 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 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, and welcome to everybody this morning. Appreciate you joining the call. I'm Brian Mitts, and I'm joined today by Matt McGraner and Bonner McDermett. I'm going to start the call off by covering our results for the quarter. I'll provide updated NAV and guidance outlook for the year, and then I'll turn it over to Matt, Bonner to discuss specifics on the leasing environments and metrics driving our performance and guidance.