Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $0.70 per diluted share, a significant improvement from a net loss of $0.83 per diluted share in Q1 2024 [4] - Interest income increased by $23.6 million to $22 million in Q1 2025, compared to a net loss of $1.6 million in Q1 2024, driven by higher rates [5] - Earnings available for distribution rose to $0.41 per diluted common share in Q1 2025 from negative $0.46 per diluted share in the same period of 2024 [5] - Cash available for distribution was $0.45 per diluted common share in Q1 2025, down from $0.60 per diluted common share in Q1 2024 [5] - 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 [6] Business Line Data and Key Metrics Changes - The portfolio consists of 85 investments with a total outstanding balance of $1.2 billion, allocated as follows: 49.4% multifamily, 31.9% life sciences, 15.6% single-family rental, 1.6% storage, 0.9% specialty manufacturing, and 0.6% marina [8] - The assets collateralizing investments are 75.2% stabilized with a loan-to-value ratio of 58.7% and a weighted average debt service coverage ratio (DSCR) of 1.46 times [8] Market Data and Key Metrics Changes - In the life sciences sector, lab leasing remains challenging due to tariff and NIH funding uncertainties, but there are signs of recovery with positive leasing momentum in specific projects [11][12] - The residential sector saw strong demand with over 138,000 units absorbed in Q1 2025, indicating a robust rental market [13] - The company has observed positive new lease growth across 40% of its rental portfolio, up from just 5% in Q4 2024 [14] Company Strategy and Development Direction - The company aims to focus on the residential sector and is actively pursuing opportunities in self-storage development, with expected yields between 8.1% to 8.5% [14][15] - The strategy includes underwriting shorter-term senior loans to stabilize assets and facilitate lease-up in the residential front [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the residential sector over the next two to three years, despite temporary challenges in the life sciences sector [21] - The company remains active in the market and anticipates continued growth in key verticals [16] Other Important Information - The company paid a regular dividend of $0.50 per share in Q1 2025 and has declared the same for Q2 2025, with a coverage ratio of 0.9 times based on cash available for distribution [6] Q&A Session Summary Question: Can you comment on the credit side and notable credit loss provision? - Management indicated that a weighted average base case and downside scenario for CECL reserve was implemented, contributing to the uptick in credit loss provision [18] Question: What is the leasing momentum for the life science project? - The project is expected to be two-thirds leased, resulting in a debt yield of nearly 11% across two tenants [23] Question: What are the future investment plans? - The company plans to focus on residential space, participating in K deals with Freddie, and underwriting opportunities in the multifamily sector [30]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $0.70 per diluted share, a significant improvement from a net loss of $0.83 per diluted share in Q1 2024 [5] - Interest income increased by $23.6 million to $22 million in Q1 2025, compared to a net loss of $1.6 million in Q1 2024, driven by higher rates [6] - Earnings available for distribution rose to $0.41 per diluted common share in Q1 2025 from negative $0.46 per diluted share in the same period of 2024 [6] - Cash available for distribution was $0.45 per diluted common share in Q1 2025, down from $0.60 per diluted common share in Q1 2024 [6] - 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 [7] Business Line Data and Key Metrics Changes - The portfolio consists of 85 investments with a total outstanding balance of $1.2 billion, allocated as follows: 49.4% multifamily, 31.9% life sciences, 15.6% single-family rental, 1.6% storage, 0.9% specialty manufacturing, and 0.6% marina [8] - The assets collateralizing investments are 75.2% stabilized with a loan-to-value ratio of 58.7% and a weighted average debt service coverage ratio (DSCR) of 1.46 times [9] Market Data and Key Metrics Changes - In the life sciences sector, lab leasing remains challenging due to tariff and NIH funding uncertainties, but there are positive developments in specific projects like the Alewife project, which is negotiating leases for two-thirds of the space [12][13] - The residential sector saw strong demand with over 138,000 units absorbed in Q1 2025, indicating a robust rental market despite affordability challenges [14] - The company has observed positive new lease growth across 40% of its rental portfolio, up from just 5% in Q4 2024 [15] Company Strategy and Development Direction - The company aims to focus on the residential sector and is actively pursuing self-storage development opportunities, expecting yields between 8.1% to 8.5% [15][16] - There is a strategic emphasis on underwriting shorter-term senior opportunities to stabilize assets and facilitate lease-up in the residential front [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the residential sector's performance over the next two to three years, despite short-term macroeconomic uncertainties [22] - The company remains active in its key verticals and anticipates continued growth in the coming quarters [17] Other Important Information - The company paid a regular dividend of $0.50 per share in Q1 2025 and has declared the same for Q2 2025, with the dividend being 0.9 times covered by cash available for distribution [7] Q&A Session Summary Question: Can you comment on the credit side and notable credit loss provision? - Management indicated that a weighted average base case and downside scenario for CECL reserve was implemented, along with a proactive reserve for a private preferred asset [19][20] Question: What percentage leased will the Alewife project be? - The project is expected to be two-thirds leased, resulting in a debt yield of nearly 11% from those leases [24] Question: What are the interesting opportunities in the current environment? - Management plans to focus on residential space, preferreds, and ramping up CMBS B pieces, particularly in shorter-term stretch senior opportunities [31]

Core Viewpoint - NexPoint (NREF) reported quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.46 per share, compared to a loss of $0.46 per share a year ago, indicating an earnings surprise of -10.87% [1] Group 1: Earnings Performance - Over the last four quarters, NexPoint has surpassed consensus EPS estimates three times [2] - The company posted revenues of $11.51 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 19.39%, compared to year-ago revenues of -$12.81 million [2] - The current consensus EPS estimate for the coming quarter is $0.50 on revenues of $10.17 million, and for the current fiscal year, it is $2 on revenues of $40.55 million [7] Group 2: Stock Performance and Outlook - NexPoint shares have declined approximately 6.8% since the beginning of the year, while the S&P 500 has decreased by 5.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] - The estimate revisions trend for NexPoint is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Group 3: Industry Context - The REIT and Equity Trust industry, to which NexPoint belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

NYSE:NREF 1Q 2022 FINANCIAL SUPPLEMENT 1Q 2025 Financial Supplement May 1, 2025 CONTACT NEXPOINT REAL ESTATE FINANCE (NYSE:NREF) 300 Crescent Court, Suite 700 Dallas, Texas 75201 (w) nref.nexpoint.com INVESTOR RELATIONS Kristen Griffith (e) kgriffith@nexpoint.com 28 APRIL 2022 NYSE:NR EF Cautionary Statements FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expe ...

NREF Announces First Quarter 2025 Results, Provides Second Quarter 2025 Guidance Dallas, TX, Thursday, May 01, 2025 – NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended March 31, 2025. NREF reported net income attributable to common stockholders of $16.5 million, or $0.70 per diluted share1, for the three months ended March 31, 2025. EXHIBIT 99.1 Contact: Kristen Griffith Investor Relations IR@nexpoint.com Media: pro-nexpoint@ ...

DALLAS, May 1, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended March 31, 2025.NREF reported net income attributable to common stockholders of $16.5 million, or $0.70 per diluted share1, for the three months ended March 31, 2025.NREF reported cash available for distribution2 of $10.5 million, or $0.45 per diluted common share2, for the three months ended March 31, 2025."NREF is pleased to announce anothe ...

Company Overview - NexPoint Real Estate Finance, Inc. is a publicly traded REIT listed on the New York Stock Exchange under the symbols "NREF" and "NREF-PRA" [4] - The company focuses on originating, structuring, and investing in various financial instruments including first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, and common equity investments [4] Upcoming Events - The company is scheduled to host a conference call on May 1, 2025, at 11:00 a.m. ET to discuss first quarter 2025 financial results [1] - A press release with the financial results will be issued before market open on the same day [3] Access Information - The conference call can be accessed by dialing 888-660-4430 for domestic callers and +1 646-960-0537 for international callers, using passcode Conference ID: 6891136 [2] - A live audio webcast will be available on the company's website, and a replay will be accessible for 60 days after the call [2][3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39210 __________________________________ NexP ...

I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea.Analyst’s D ...

DALLAS, March 14, 2025 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. (NYSE: NREF) ("NREF") announced today that the record date for determining stockholders entitled to vote at the 2025 Annual Meeting of Stockholders (the "Annual Meeting") will be Monday, March 24, 2025. The Annual Meeting will be held on Tuesday, May 20, 2025, beginning at 10:30 a.m. Central Time. The Annual Meeting will be held exclusively through a virtual format. Stockholders will not be able to attend the Annual Meeting in person, ...