NexPoint Real Estate Finance Inc (NYSE:NREFpA.PFD)
$ 23.99 +0.36 (+1.52%) Market Cap: - Enterprise Value: - PE Ratio: 6.34 PB Ratio: 0.75 GF Score: 37/100
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Q1 2025 Nexpoint Real Estate Finance Inc Earnings Call Transcript

May 1, 2025 / 03:00 PM GMT
Release Date Price: $22.25

Key Points

Positve
  • NexPoint Real Estate Finance Inc (NREF) reported a net income of $0.70 per diluted share for Q1 2025, a significant improvement from a net loss of $0.83 per diluted share in Q1 2024.
  • Interest income increased to $23.6 million in Q1 2025, driven by higher rates, compared to a net loss of $1.6 million in Q1 2024.
  • The company declared a regular dividend of $0.50 per share for Q1 2025, with the board approving the same dividend for Q2 2025.
  • Book value per share increased by 1.47% from Q4 2024 to $17.22 per diluted common share, primarily due to unrealized gains on preferred stock investments.
  • NexPoint Real Estate Finance Inc (NREF) successfully funded $55 million on a life science preferred investment and purchased a $150 million CMBS IO strip with a bond equivalent yield of 7.22%.
Negative
  • Cash available for distribution decreased to $0.45 per diluted common share in Q1 2025 from $0.60 per diluted common share in Q1 2024.
  • The life science sector faces challenges due to tariff and NIH funding uncertainties, impacting capital allocation decisions.
  • The company has a high percentage of short-term debt, with 52.1% of its $831.5 million debt being short-term.
  • The weighted average cost of debt is relatively high at 6%, with a weighted average maturity of only 1.2 years.
  • There was a notable credit loss provision due to a weighted average base case and downside scenario for sea reserve and a private preferred asset.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NREF.N - Nexpoint Real Estate Finance Inc
Q1 2025 Nexpoint Real Estate Finance Inc Earnings Call
May 01, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to the Next Point Real Estate Financial first quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, press star, followed by the number one on your telephone keypad.

If you would like to withdraw your question, press star followed by the number one.

As a reminder, today's call is being recorded. I will now hand today's call over to Kristen Griffith, Investor relations. Please go ahead.

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