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 (NREF) reported a net loss of $8.7 million for Q3 2022, translating to $(0.54) per diluted share, a significant drop from a net income of $25.2 million or $1.17 per share in Q3 2021. Cash available for distribution was $11.2 million or $0.50 per share. The company maintains a total portfolio valued at $1.7 billion with no loans in default. Fourth-quarter guidance estimates a net income range between $7.5 million and $9.2 million, alongside earnings available for distribution of $0.535 per diluted share.
NexPoint Real Estate Finance, Inc. (NREF) has declared a quarterly dividend of $0.50 per share, payable on December 30, 2022, for stockholders of record on December 15, 2022. As a publicly traded REIT on the NYSE, NREF focuses on originating and structuring investments in first mortgage loans and commercial real estate.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) announced a conference call scheduled for October 27, 2022, at 11:00 a.m. ET to discuss its third quarter 2022 financial results. A press release detailing the financial results will be released before market open on the same day. Investors can access the call by dialing 888-882-4478 or through an online replay available for 60 days. As a publicly traded REIT, NexPoint focuses on originated loans and structured financings in commercial real estate, providing insights into its operations and market strategy.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) declared a dividend of $0.53125 per share on its 8.50% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on October 25, 2022 to stockholders on record as of October 14, 2022. NREF focuses on originating, structuring, and investing in various real estate finance products, primarily in top metropolitan areas.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has appointed Dr. Carol Swain as an independent director, effective August 2, 2022. Dr. Swain brings extensive experience as a political scientist and business leader, having authored 11 books and served on various advisory committees. Her background includes tenure at Princeton and Vanderbilt Universities. Chief Investment Officer Matthew McGraner expressed confidence that her expertise will support the company's long-term objectives. NexPoint primarily focuses on investments in first mortgage loans and commercial real estate.
NexPoint Real Estate Finance (NREF) announced a quarterly dividend of $0.50 per share, payable on September 30, 2022. Stockholders of record as of September 15, 2022 will receive this dividend. NREF, listed on NYSE, focuses on originating and investing in commercial real estate loans and securities.
NexPoint Real Estate Finance (NREF) reported financial results for Q2 2022, posting a net income of $8.5 million or $0.34 per diluted share, down from $12.3 million or $0.58 the previous year. Earnings available for distribution reached $12.6 million or $0.56 per diluted share. NREF's total portfolio stood at $1.6 billion, with a focus on sectors including life sciences and self-storage. The company anticipates a third-quarter dividend of $0.50 per share and guidance for EAD per diluted share is $0.445.
NexPoint Real Estate Finance, Inc. (NREF) will host a conference call on July 28, 2022, at 1:00 p.m. ET to discuss its second quarter 2022 financial results. The call can be accessed by dialing 888-220-8474 for U.S. callers and +1 646-828-8193 for international participation, using passcode 5263678. An audio webcast will be available on the company's website, with a replay accessible until August 4, 2022.
NexPoint focuses on investing in commercial real estate financing and related securities.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) announced a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock. This dividend is scheduled for payment on July 25, 2022, to stockholders of record as of July 14, 2022. NREF focuses on investments in first mortgage loans, mezzanine loans, preferred equity, and commercial mortgage-backed securities across various real estate sectors, particularly in major metropolitan areas.
NexPoint Real Estate Finance (NREF) has declared a quarterly dividend of $0.50 per share of common stock. This dividend will be payable on June 30, 2022, to stockholders of record as of June 15, 2022. As a publicly traded REIT, NREF focuses on originating and investing in various mortgage loans and equity in commercial real estate. The company's commitment to returning value to shareholders is evident through this dividend announcement.
FAQ
What is the current stock price of NexPoint Real Estate Finance (NREF)?
What is the market cap of NexPoint Real Estate Finance (NREF)?
What is NexPoint Real Estate Finance, Inc. (NREF)?
What are NREF's primary investment areas?
How did NREF perform financially in the most recent quarter?
What recent initiatives has NREF undertaken?
What is NREF's investment objective?
Who manages NREF's investments?
Where can I find more information about NREF's financial performance?
What are EAD and CAD in NREF's financial reporting?
How can I participate in NREF's conference calls?
What markets does NREF focus on?
