earnings
confidence medium
sentiment negative
materiality 0.65
NexPoint Real Estate Finance reports Q1 net loss of $14.6M, CAD of $14.9M
NexPoint Real Estate Finance, Inc.
2024-Q1 EPS reported
-$0.83
- Net loss of $14.6M ($0.83/diluted share) for Q1 2024; cash available for distribution of $14.9M ($0.60/share).
- Total portfolio $1.2B across 90 investments; no loans in forbearance as of May 1, 2024.
- Purchased $30.9M K-Series B-Piece with 9.75% bond equivalent yield in Q1.
- Received $508.7M from senior loan redemption, recognized $8.9M prepayment penalties.