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, Inc. (NREF) announced a public offering of 2,000,000 shares of its common stock, with an option to sell an additional 300,000 shares. The net proceeds will be allocated to repaying debt from master repurchase agreements and making strategic investments in life science and self-storage preferred investments, as well as multifamily commercial mortgage-backed securities. The offering is made under an SEC shelf registration effective since March 31, 2021.
NexPoint Real Estate Finance (NREF) has declared a quarterly dividend of $0.475 per share, payable on September 30, 2021, to stockholders of record as of September 15, 2021. This decision by the board of directors underscores the company’s commitment to returning value to shareholders. NREF focuses on originating, structuring, and investing in first mortgage and mezzanine loans, preferred equity, and commercial real estate investments. More information can be found on the NREF website.
NexPoint Real Estate Finance (NREF) reported a net income of $12.3 million for Q2 2021, down 36.3% from $19.3 million a year earlier, resulting in $0.58 per diluted share. Core earnings increased to $3.4 million or $0.59 per diluted share, up 59.5% year-over-year. The company maintains a portfolio valued at $1.58 billion, with significant investments in workforce multifamily housing and self-storage. NREF successfully executed $191.2 million in investments in H1 2021. The firm has no loans in forbearance as of late July 2021.
NexPoint Real Estate Finance, Inc. (NREF) has announced a conference call scheduled for July 29, 2021, at 11:00 a.m. ET to discuss its second quarter 2021 financial results. Interested parties can access the call by dialing 800-353-6461 or through an online webcast on the Company's website. A replay will be available post-call for 60 days. The Company is focused on investing in first mortgage loans and related financing strategies within commercial real estate. More information is available on their website.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has declared a dividend of $0.53125 per share for its 8.50% Series A Cumulative Redeemable Preferred Stock. This dividend is payable on July 26, 2021 to stockholders recorded on July 15, 2021. NREF is primarily focused on originating, structuring, and investing in various forms of real estate financing, including first mortgage loans and mezzanine loans, aiming to enhance returns for its investors.
NexPoint Real Estate Finance, Inc. (NREF) announced that key executives, including CFO Brian Mitts and CIO Matthew McGraner, will participate in Nareit's REITWeek: 2021 Investor Conference, happening virtually from June 8-10, 2021. Meeting materials will be available on NREF's website on June 8, 2021. NREF, a publicly traded REIT, specializes in first mortgage loans, mezzanine loans, preferred equity, and investments in commercial real estate.
NexPoint Real Estate Finance (NREF) declared a quarterly dividend of $0.475 per share, scheduled for payment on June 30, 2021. Stockholders on record by June 15, 2021 will receive this dividend, highlighting the company's commitment to returning income to shareholders. As a publicly traded REIT, NREF focuses on originating and investing in mortgage loans and securities in the commercial real estate sector, reflecting its strategic positioning in a critical market segment.
NexPoint Real Estate Finance (NREF) reported its financial results for Q1 2021 on April 29, detailing its focus on originating and structuring mortgage loans and securities in commercial real estate. The company will host a conference call the same day at 11:00 a.m. ET to discuss these results. A replay will be available for 60 days. The press release also contains forward-looking statements regarding risks such as the ongoing COVID-19 pandemic. Further financial details are accessible through NREF's filings with the SEC.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has successfully completed a public offering of $75 million in 5.75% Senior Unsecured Notes due 2026. The net proceeds will be contributed to its operating partnership to acquire investments aligned with its strategy. Raymond James served as the sole book-running manager for this offering, which utilized a shelf registration effective March 31, 2021. This announcement does not constitute an offer or solicitation in any jurisdiction where it would be unlawful.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) has priced its public offering of $75 million in 5.75% Senior Unsecured Notes due 2026. The offering is expected to close around April 20, 2021. The net proceeds will be used to acquire investments in line with NREF's strategy, through its operating partnership. This offering follows a shelf registration statement that became effective on March 31, 2021. Raymond James acts as the sole book-running manager for this transaction.
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