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. (NREF) is a commercial mortgage REIT whose news flow centers on real estate credit, capital markets activity, and portfolio performance. The company’s announcements highlight its focus on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, common equity investments, and commercial mortgage-backed securities tied to multifamily and single-family rental assets.
News updates for NREF frequently cover earnings results and financial guidance. Quarterly press releases provide details on net income attributable to common stockholders, non-GAAP measures such as Earnings Available for Distribution (EAD) and Cash Available for Distribution (CAD), portfolio composition by property type, and metrics such as weighted-average loan-to-value and debt service coverage ratios. These releases often include reconciliations of non-GAAP measures to GAAP results and commentary from management on portfolio strategy.
Another recurring theme in NREF’s news is capital raising and preferred stock offerings. The company has reported on the full subscription and closing of its 9.00% Series B Cumulative Redeemable Preferred Stock offering and the launch of its 8.00% Series C Cumulative Redeemable Preferred Stock continuous offering. Related 8-K filings describe the dealer manager arrangements, terms of the Series C preferred stock, and amendments to the operating partnership agreement to create corresponding preferred units.
NREF’s news feed also includes dividend declarations on both common stock and its 8.50% Series A Cumulative Redeemable Preferred Stock, specifying per-share amounts and key dates. Additional items may cover debt financings, such as senior unsecured notes issued by the operating partnership, promissory note amendments with related entities, and property-level transactions like the sale of the Hudson Montford multifamily property.
Investors and analysts following NREF’s news can track how the company manages its real estate credit portfolio, raises capital through preferred equity and debt, and maintains its dividend practices. This page aggregates these updates in one place for convenient access to the latest company-specific developments.
NexPoint Real Estate Finance (NYSE: NREF) declared a dividend on its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA) of $0.53125 per share. The dividend is payable on October 25, 2024 to holders of record at the close of business on October 15, 2024.
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.
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.
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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