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.
NexPoint Real Estate Finance (NYSE: NREF) reported solid financial results for Q1 2023, achieving a net income of
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has declared a quarterly regular dividend of $0.50 per share and a special dividend of $0.185 per share. Both dividends will be payable on June 30, 2023, to stockholders of record on June 15, 2023. This decision emphasizes the company's commitment to returning value to its shareholders while maintaining a sustainable dividend policy, which aligns with its focus on originating and investing in various real estate debt and equity instruments.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has scheduled a conference call for April 27, 2023, at 11:00 a.m. ET to discuss its first quarter 2023 financial results. The call can be joined by dialing 888-660-4430 for domestic callers and +1 646-960-0537 for international participants, using Conference ID 6891136. A live audio webcast will be available on the Company’s website, and a replay can be accessed until May 11, 2023. The Company intends to release its financial results prior to the market opening on the same day.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has set the record date for stockholder voting at the 2023 Annual Meeting on April 3, 2023. The meeting will take place virtually on May 9, 2023, at 10:30 a.m. Central Time. Only stockholders of record as of the close of business on the record date can participate and vote online. Further details will be provided in the proxy materials, which will outline how stockholders can access the meeting. NexPoint Real Estate Finance specializes in various investment strategies including first-lien mortgage loans and multifamily properties.
NexPoint Real Estate Finance, Inc. (NYSE:NREF) announced a quarterly regular dividend of $0.50 per share and a special dividend of $0.185 per share, effective March 31, 2023, for stockholders of record on March 15, 2023. The Company has approximately $0.74 of undistributed income per share from 2022, which it plans to distribute ratably throughout 2023, pending board approval. This strategic dividend declaration reflects NREF's commitment to providing returns to its shareholders while managing its income effectively.
NexPoint Real Estate Finance (NYSE: NREF) has declared a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA). This dividend will be payable on April 25, 2023, to stockholders recorded by the close of business on April 13, 2023. This announcement reflects the company’s ongoing commitment to return value to shareholders.
NexPoint Real Estate Finance, Inc. (NREF) announced its Q4 and full-year 2022 results with a net loss of $1.3 million, translating to earnings per share (EPS) of ($0.16) for Q4 and $0.51 for the full year. The firm reported cash available for distribution (CAD) of $11.8 million in Q4 and $72.2 million for the year. NREF declared a special dividend of $0.185 per share in addition to their regular dividend of $0.50, reflecting strong performance in 2022. With a portfolio worth $1.7 billion, NREF is optimistic about upcoming investments in real estate sectors amid market conditions.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) is set to host a conference call on February 23, 2023, at 11:00 a.m. ET, to discuss its fourth quarter 2022 financial results. A press release with these results will be issued before the market opens on the same day. Interested parties can access the call by dialing 888-660-4430 (international callers: +1 646-960-0537) and using Conference ID: 6891136. The call will also be available via a live audio webcast on the Company’s website and will be accessible for replay for 60 days thereafter.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) announced the final income allocations for its 2022 dividend distributions on both common and preferred stock. Shareholders will receive a total of $2.00 per share for common stock, with taxable ordinary income of $1.32 per share and capital gains of $0.68 per share. For preferred stock (NREF PRA), the total stands at $2.125 per share, comprising $1.403 in taxable ordinary income and $0.722 in capital gains. Key dates include ex-dividend dates on March 14, June 14, September 14, and December 14, 2022, with payable dates following on March 31, June 30, September 30, and December 30, 2022.
NexPoint Real Estate Finance announced a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock (NREF PRA). This dividend is payable on January 25, 2023, to shareholders of record by January 13, 2023. This action reinforces the company's commitment to providing returns to investors and reflects its ongoing financial health.
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