Nexpoint Real Estate Finance Inc Stock Price, News & Analysis

NexPoint Real Estate Finance (NREF) reported strong Q3 2024 financial results with net income of $16.1 million, or $0.75 per diluted share. The company's total portfolio stands at $1.1 billion across 83 investments, with multifamily representing the largest sector at 52.3%. Cash available for distribution was $15.8 million ($0.67 per diluted share). For Q4 2024, NREF provides guidance with EAD per diluted share of $0.795 at midpoint. The portfolio maintains healthy metrics with a weighted-average LTV of 60.2% and DSCR of 1.36x, with no loans in forbearance.

NexPoint Real Estate Finance (NYSE: NREF) has declared a quarterly regular dividend of $0.50 per share of common stock. The dividend will be distributed on December 31, 2024, to stockholders recorded as of December 13, 2024.

NexPoint cautions United Development Funding IV (UDF IV) shareholders against being misled by the company's recent attempts to distract from the current Board's failures. UDF IV issued a letter to shareholders raising concerns about NexPoint's leadership, which NexPoint claims contains false statements and rehashes previous attacks. NexPoint argues that UDF IV is trying to divert attention from the Board's mismanagement, which has resulted in significant value and liquidity loss.

NexPoint highlights that UDF IV's current Board of Trustees oversaw years of fraud by former executives, who were convicted and are serving prison sentences. The Board also authorized using shareholder funds to defend these executives legally. NexPoint, with $14.5 billion in real estate assets under management, is nominating four independent Trustee candidates to replace the current Board, aiming to enforce loan agreements, pursue defaulting borrowers, manage expenses, and maximize asset value for shareholders.

NexPoint Real Estate Finance, Inc. (NYSE: NREF) has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Thursday, October 31, 2024, at 11:00 a.m. ET (10:00 a.m. CT). Investors can access the call by dialing 888-660-4430 (US) or +1 646-960-0537 (international) using passcode 6891136.

A live audio webcast will be available on the Company's website at nref.nexpoint.com. An online replay will be accessible for 60 days after the call. Additionally, a replay will be available until November 14, 2024, by dialing 800-770-2030 (US) or +1 609-800-9909 (international) with passcode 6891136.

NREF plans to release its Q3 2024 financial results before market open on October 31, 2024.

NexPoint Real Estate Finance (NYSE: NREF) has declared a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA). The dividend amount is $0.53125 per share and will be payable on October 25, 2024. Stockholders of record at the close of business on October 15, 2024, will be eligible to receive the dividend. This announcement demonstrates the company's commitment to providing regular income to its preferred stockholders, maintaining its dividend policy for the Series A Preferred Stock.

NexPoint Real Estate Finance (NREF) reported strong Q2 2024 results, with net income of $7.5 million ($0.40 per diluted share) and cash available for distribution of $15.0 million ($0.64 per diluted share). The company's total portfolio stands at $1.2 billion across 85 investments, with a focus on multifamily (56.9%), life sciences and specialty manufacturing (22.2%), and single-family rental (18.8%). NREF's weighted-average loan-to-value ratio is 62.3% with a debt service coverage ratio of 1.52x.

Key Q2 highlights include purchasing a K-Series B-Piece with a 9.50% yield and originating a $67.5 million short-term bridge loan at 16.5% interest. For Q3 2024, NREF projects Earnings Available for Distribution of $0.505 per diluted share at the midpoint, with net income attributable to common stockholders estimated between $9.1 million and $11.5 million.

NexPoint Real Estate Finance (NYSE: NREF) has declared a quarterly dividend of $0.50 per share for its common stockholders. The dividend is set to be paid on September 30, 2024, to shareholders recorded as of September 13, 2024. This announcement demonstrates NREF's commitment to providing regular returns to its investors, maintaining its dividend distribution policy. The consistency in dividend payments may be viewed positively by income-focused investors, potentially supporting the company's stock value and shareholder confidence.

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.

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.