earnings
confidence high
sentiment negative
materiality 0.70
NREF Q2 net income $8.5M ($0.34 EPS) down 31% YoY; EAD $0.56; Q3 div $0.50
NexPoint Real Estate Finance, Inc.
2022-Q2 EPS reported
$1.14
- Net income $8.5M ($0.34 diluted EPS) vs $12.3M ($0.58) in Q2 2021, down 31%.
- Earnings available for distribution $12.6M ($0.56 per diluted share); CAD per share up 34.3% YoY.
- Portfolio $1.6B across 75 investments; no loans in forbearance as of July 27, 2022.
- Q3 2022 dividend declared $0.50 per common share, unchanged from prior quarter.
- Deployed $100M+ in Q2; purchased $8M preferred equity at 10.5% yield and $40.7M Freddie Mac B-Piece at 7.9%.