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NexPoint Real Estate Finance, Inc. - NREF STOCK NEWS

Welcome to our dedicated page for NexPoint Real Estate Finance news (Ticker: NREF), a resource for investors and traders seeking the latest updates and insights on NexPoint Real Estate Finance stock.

NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a publicly traded real estate investment trust (REIT) that specializes in providing structured financing solutions to mid-sized multifamily, storage, and select-service extended-stay hospitality properties. The company's primary objective is to generate attractive, risk-adjusted returns for its stockholders over the long term.

Core Business: NREF focuses on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments. Additionally, the company invests in single-family rental (SFR) commercial mortgage-backed securities (CMBS) securitizations, multifamily structured credit risk notes (MSCR Notes), and mortgage-backed securities.

Recent Achievements: In the second quarter of 2023, NREF reported a net income of $9.3 million, or $0.36 per diluted share. The company also reported cash available for distribution of $11.3 million, or $0.49 per diluted share. Despite unstable economic conditions, NREF's credit portfolio has consistently outperformed expectations, maintaining a solid yield profile, especially in the life sciences sector.

Current Projects: NREF has been proactive in leveraging opportunities arising from market dislocations, particularly in the multifamily, single-family rental, life sciences, and self-storage sectors. The company recently launched a continuous public offering of up to 16,000,000 shares of its new 9.0% Series B Cumulative Redeemable Preferred Stock, targeting gross proceeds of $400 million.

Financial Condition: NREF has demonstrated resilience amid challenging market conditions. For the quarter ended September 30, 2023, the company reported a net loss of $15.4 million but maintained a robust cash available for distribution of $10.8 million. This indicates strong operational capabilities and stable portfolio yields.

Partnerships: The company collaborates closely with NexPoint Real Estate Advisors VII, L.P., which acts as its external manager. This partnership helps NREF in sourcing and managing its investments effectively.

To stay updated on NREF's latest developments, financial results, and conference calls, investors can visit the company's official website here.

Rhea-AI Summary

NexPoint Real Estate Finance (NYSE: NREF) announced it will host a conference call on August 1, 2024, at 11:00 a.m. ET to discuss its second quarter 2024 financial results. The call can be accessed via phone or a live audio webcast on the company's website. A replay of the call will be available until August 15, 2024. The company will release its financial results before the market opens on August 1, 2024.

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NexPoint Real Estate Finance announced a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA) of $0.53125 per share.

This dividend will be payable on July 25, 2024, to stockholders of record at the close of business on July 15, 2024.

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NexPoint Real Estate Finance, Inc. (NREF) reported a net loss of $(14.6) million for Q1 2024. Despite market challenges, NREF's portfolio remains stable. NREF's total portfolio is $1.2 billion, consisting of various investments. The company received $508.7MM in loan redemptions in Q1 2024. Second-quarter guidance estimates net income between $7.4MM and $9.8MM. NREF is a REIT focused on real estate investments.

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NexPoint Real Estate Finance, Inc. (NREF) declared a quarterly regular dividend of $0.50 per share of NREF common stock, payable on June 28, 2024, to stockholders of record on June 14, 2024.

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NexPoint Real Estate Finance, Inc. (NREF) will host a conference call on May 2, 2024, to discuss first quarter financial results. The call will be accessible via phone and webcast, with a replay available online and via phone. A press release with financial results will be issued on the same day.
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NexPoint Real Estate Finance, Inc. (NREF) sets the record date for the 2024 Annual Meeting of Stockholders. The meeting will be held virtually on May 7, 2024, with voting and questions online. Stockholders must be recorded by April 1, 2024, to participate.
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NexPoint Real Estate Finance, Inc. (NREF) reported net income of $17.9 million for Q4 2023, with cash available for distribution of $11.8 million. The company's diversified portfolio includes investments in SFR, multifamily, life sciences, and self-storage sectors. Despite challenges in the commercial real estate market, NREF remains confident in its stable returns and proactive approach to market disruptions.
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NexPoint Real Estate Finance, Inc. (NREF) declares a quarterly dividend of $0.50 per share, payable on March 28, 2024, to stockholders of record on March 15, 2024.
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NexPoint Real Estate Finance, Inc. (NREF) declares a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NREF PRA). The dividend is payable on April 25, 2024, to stockholders of record as of April 15, 2024.
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NexPoint Real Estate Finance, Inc. (NREF) will host a conference call to discuss its fourth quarter and full year 2023 financial results on February 29, 2024. The call will be accessible via phone and live audio webcast, with an online replay available for 60 days. A press release with the financial results will be issued before market open on the same day.
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FAQ

What is NexPoint Real Estate Finance, Inc. (NREF)?

NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a publicly traded real estate investment trust (REIT) that focuses on providing structured financing solutions for mid-sized multifamily, storage, and select-service extended-stay hospitality properties.

What are NREF's primary investment areas?

NREF invests in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments. It also invests in single-family rental (SFR) CMBS securitizations, multifamily structured credit risk notes (MSCR Notes), and mortgage-backed securities.

How did NREF perform financially in the most recent quarter?

For the quarter ended September 30, 2023, NREF reported a net loss of $15.4 million but maintained cash available for distribution of $10.8 million, indicating strong portfolio performance despite market challenges.

What recent initiatives has NREF undertaken?

NREF recently launched a continuous public offering of up to 16,000,000 shares of its new 9.0% Series B Cumulative Redeemable Preferred Stock, targeting gross proceeds of $400 million.

What is NREF's investment objective?

NREF aims to generate attractive, risk-adjusted returns for its stockholders over the long term by investing in various real estate sectors.

Who manages NREF's investments?

NREF's investments are managed by NexPoint Real Estate Advisors VII, L.P., which acts as the company's external manager.

Where can I find more information about NREF's financial performance?

You can find detailed financial performance reports and other updates on NREF's official website at https://nref.nexpoint.com.

What are EAD and CAD in NREF's financial reporting?

Earnings Available for Distribution (EAD) and Cash Available for Distribution (CAD) are non-GAAP financial measures used by NREF to evaluate performance and distribution capabilities. EAD adjusts GAAP net income to exclude non-cash items, while CAD adjusts EAD further for amortization and depreciation.

How can I participate in NREF's conference calls?

Details for accessing NREF's conference calls are available on the company's website under the 'Resources' section. Calls can be accessed live via phone or webcast.

What markets does NREF focus on?

NREF focuses on multifamily, single-family rental, self-storage, and life sciences sectors, primarily in the top 50 metropolitan statistical areas.

NexPoint Real Estate Finance, Inc.

NYSE:NREF

NREF Rankings

NREF Stock Data

259.94M
17.72M
6.94%
69.39%
1.02%
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