CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues
Rental income		$ 36,322	$ 30,573
Other income		5,169	4,484
Total revenues		41,491	35,057
Expenses
Property operating expenses		9,639	8,877
Real estate taxes and insurance		5,758	4,856
Property management fees	[1]	1,240	1,054
Advisory and administrative fees	[2]	1,850	1,838
Corporate general and administrative expenses		2,233	1,813
Property general and administrative expenses		1,658	1,547
Depreciation and amortization		15,398	11,372
Total expenses		37,776	31,357
Operating income before gain on sales of real estate		3,715	3,700
Gain on sales of real estate			13,742
Operating income		3,715	17,442
Interest expense		(8,088)	(6,797)
Loss on extinguishment of debt and modification costs			(551)
Net income (loss)		(4,373)	10,094
Net income (loss) attributable to redeemable noncontrolling interests in the Operating Partnership		(13)	30
Net income (loss) attributable to common stockholders		(4,360)	10,064
Other comprehensive income (loss)
Unrealized gains (losses) on interest rate derivatives		(5,665)	7,761
Total comprehensive income (loss)		(10,038)	17,855
Comprehensive income (loss) attributable to redeemable noncontrolling interests in the Operating Partnership		(30)	53
Comprehensive income (loss) attributable to common stockholders		$ (10,008)	$ 17,802
Weighted average common shares outstanding - basic		23,550	20,987
Weighted average common shares outstanding - diluted		24,044	21,430
Earnings (loss) per share - basic		$ (0.19)	$ 0.48
Earnings (loss) per share - diluted		(0.19)	0.47
Dividends declared per common share		$ 0.275	$ 0.250

[1] Fees incurred to an unaffiliated third party that is an affiliate of the noncontrolling limited partner of the Company’s operating partnership, NexPoint Residential Trust Operating Partnership, L.P. (see Note 10).

[2] Fees incurred to the Adviser (see Note 11).