NexPoint Real Estate Finance Announces 2024 Dividend Income Tax Treatment
Rhea-AI Summary
NexPoint Real Estate Finance (NYSE: NREF) has disclosed the final income allocations for its 2024 dividend distributions across its common stock and preferred shares. For common shares, the total annual distribution was $2.00 per share, comprising 90.69% ($1.81376) taxable ordinary income and 9.31% ($0.18624) return of capital.
Series A Preferred shares received total distributions of $2.125 per share, paid quarterly at $0.53125, consisting entirely of taxable ordinary income. Series B Preferred shares had monthly distributions totaling $2.25 per share ($0.18750 monthly), also fully classified as taxable ordinary income.
Notably, 99.24% of the taxable ordinary income qualifies as REIT dividend under Section 199A, while 0.76% is designated as qualified dividend income under Section 857(c)(2).
Positive
- Consistent quarterly dividend payments of $0.50 per common share throughout 2024
- Stable preferred share distributions: $0.53125 quarterly for Series A and $0.18750 monthly for Series B
- 99.24% of taxable ordinary income qualifies for Section 199A REIT dividend treatment
Negative
- 9.31% of common share distributions classified as return of capital, potentially indicating earnings didn't fully cover dividends
News Market Reaction – NREF
In the trading session that priced this news, NREF gained 0.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Common Shares (CUSIP #65342V101) | |||||
Ex | Record | Payable | Distribution | Taxable | Return of |
3/14/2024 | 3/15/2024 | 3/28/2024 | |||
6/14/2024 | 6/14/2024 | 6/28/2024 | |||
9/13/2024 | 9/13/2024 | 9/30/2024 | |||
12/13/2024 | 12/13/2024 | 12/31/2024 | |||
Totals | |||||
100.00 % | 90.69 % | 9.31 % | |||
Series A Preferred Shares (CUSIP #65342V408) | |||||
Ex | Record | Payable | Distribution | Taxable | Return of |
1/11/2024 | 1/12/2024 | 1/25/2024 | |||
4/12/2024 | 4/15/2024 | 4/25/2024 | |||
7/15/2024 | 7/15/2024 | 7/25/2024 | |||
10/15/2024 | 10/15/2024 | 10/25/2024 | |||
Totals | |||||
100.00 % | 100.00 % | 0.00 % | |||
Series B Preferred Shares (Various CUSIPs) | ||||||||||
Ex | Record | Payable | Distribution | Taxable | Return of | |||||
1/24/2024 | 1/25/2024 | 2/5/2024 | ||||||||
2/22/2024 | 2/23/2024 | 3/5/2024 | ||||||||
3/22/2024 | 3/25/2024 | 4/5/2024 | ||||||||
4/24/2024 | 4/25/2024 | 5/6/2024 | ||||||||
5/23/2024 | 5/24/2024 | 6/5/2024 | ||||||||
6/25/2024 | 6/25/2024 | 7/5/2024 | ||||||||
7/25/2024 | 7/25/2024 | 8/5/2024 | ||||||||
8/23/2024 | 8/23/2024 | 9/5/2024 | ||||||||
9/25/2024 | 9/25/2024 | 10/7/2024 | ||||||||
10/25/2024 | 10/25/2024 | 11/5/2024 | ||||||||
11/25/2024 | 11/25/2024 | 12/5/2024 | ||||||||
12/24/2024 | 12/24/2024 | 1/6/2025 | ||||||||
Totals | ||||||||||
100.00 % | 100.00 % | 0.00 % | ||||||||
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About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its common stock and Series A Preferred Stock listed on the New York Stock Exchange under the symbols "NREF" and "NREF-PRA," respectively, primarily focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily and single-family rental commercial mortgage-backed securities securitizations, promissory notes and mortgage-backed securities. More information about the Company is available at nref.nexpoint.com.
CONTACTS
Investor Relations
Kristen Griffith
IR@nexpoint.com
Media Relations
comms@nexpoint.com
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SOURCE NexPoint Real Estate Finance, Inc.