earnings
confidence high
sentiment positive
materiality 0.65
NexPoint Real Estate Finance Q2 2023 net income $9.3M, cash available for distribution $11.3M
NexPoint Real Estate Finance, Inc.
2023-Q2 EPS reported
$0.70
- Net income $9.3M ($0.36 diluted EPS); cash available for distribution $11.3M ($0.49 per share).
- Total portfolio $1.7B (88 investments); SFR 44%, multifamily 50%, life sciences 4%, self-storage 2%.
- Weighted-average LTV 69.2%, DSCR 1.83x; no loans in default or forbearance as of July 26.
- Acquired $27.1M in preferred equity during Q2 at yields of 13-17%; received $6.2M preferred and $11M senior loan redemptions.