earnings
confidence high
sentiment positive
materiality 0.65
NexPoint Real Estate Finance Q2 net income $0.40/share; CAD $0.64; portfolio $1.2B
NexPoint Real Estate Finance, Inc.
2024-Q2 EPS reported
-$0.39
- Net income $7.5M ($0.40 diluted EPS); CAD $15.0M ($0.64 per share) for Q2 2024.
- Portfolio total $1.2B across 85 investments; SFR 18.8%, multifamily 56.9%, life sciences 22.2%.
- Weighted-average LTV 62.3%, DSCR 1.52x; no loans in forbearance as of Aug 1, 2024.
- Originated $67.5M short-term bridge loan on life sciences at 16.5% fixed, 55% LTV.
- Purchased K-Series B-Piece of $31.9M principal at 9.50% bond equivalent yield.