earnings
confidence high
sentiment positive
materiality 0.65
NexPoint Real Estate Finance Q1 net income $9.4M, declares $0.50 quarterly + $0.185 special dividend
NexPoint Real Estate Finance, Inc.
2023-Q1 EPS reported
$0.37
- Net income $9.4M ($0.37 diluted EPS); cash available for distribution $12.4M ($0.55 per share).
- Total portfolio $1.7B across 88 investments; SFR 43.9%, multifamily 50.7%, life sciences 3.9%.
- Weighted-average LTV 68.7%, DSCR 1.90x; no loans in default or forbearance as of April 26.
- Announced Q2 2023 dividend $0.50/share and special dividend $0.185/share.
- Purchased $14M preferred equity (yield 11.11%) and $5.7M MBS (yield 13.10%) in Q1.