NexPoint Residential Trust, Inc.

B USINESS General NexPoint Residential Trust, Inc. (the Company, we, our ) was incorporated in Maryland on September 19, 2014, and has elected to be taxed as a REIT. The Company is focused on value-add multifamily investments primarily located in the Southeastern and Southwestern United States. Substantially all of the Company’s business is conducted through NexPoint Residential Trust Operating Partnership, L.P. (the OP ), the Company’s operating partnership. The Company owns its properties (the Portfolio ) through the OP and its wholly owned TRS. The OP owns approximately 99.9% of the Portfolio; the TRS owns approximately 0.1% of the Portfolio. The Company’s wholly owned subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC (the OP GP ), is the sole general partner of the OP. As of December 31, 2025, there were 26,053,988 common units in the OP ( OP Units ) outstanding, of which 25,951,154, or 99.6%, were owned by the Company and 102,834, or 0.4%, were owned by noncontrolling limited partners (see Note 9 to our consolidated financial statements). The Company is externally managed by the Adviser, through an agreement dated March 16, 2015, as amended, and renewed on February 23, 2026 for a one-year term (the Advisory Agreement ), by and among the Company, the OP and the Adviser. The Adviser conducts substantially all of the Company’s operations and provides asset management services for its real estate investments. The Company expects it will only have an accounting employee while the Advisory Agreement is in effect.