earnings
confidence high
sentiment negative
materiality 0.70
NexPoint Real Estate Finance reports Q3 net loss of $15.4M; announces preferred stock offering
NexPoint Real Estate Finance, Inc.
2023-Q3 EPS reported
-$0.19
- Net loss of $15.4M ($0.82 diluted EPS) for Q3 2023.
- Cash available for distribution of $10.8M ($0.47 diluted per share).
- Portfolio of $1.6B across 89 investments; no loans in forbearance as of Nov 1.
- Announces offering of up to 16M shares of 9.00% Series B Cumulative Redeemable Preferred Stock.
- Company provided fourth quarter 2023 guidance (specifics not in excerpt).