Group 1: Stock Recommendations - Two Harbors Investments Corp (TWO) is a Real Estate Investment Trust focusing on residential mortgage-backed securities and mortgage loans, with a Zacks Consensus Estimate for next year’s earnings increasing by 3.7% over the last 60 days [1] - NexPoint Real Estate Finance (NREF) is a real estate investment trust that invests in first mortgage loans and commercial mortgage-backed securities, with a Zacks Consensus Estimate for current year earnings increasing nearly 17% over the last 60 days [3] - RITHM CAP CP (RITM) provides capital and services to the real estate and financial services industries, with a Zacks Consensus Estimate for current year earnings increasing nearly 3.2% over the last 60 days [4] Group 2: Dividend Yields - Two Harbors Investments Corp (TWO) has a dividend yield of 16.2%, significantly higher than the industry average of 11.2% [2] - NexPoint Real Estate Finance (NREF) has a dividend yield of 13.4%, also above the industry average of 11.2% [4] - RITHM CAP CP (RITM) has a dividend yield of 9.4%, compared to the industry average of 0.0% [4]

Core Viewpoint - Investors are encouraged to consider NexPoint (NREF) due to solid improvements in earnings estimates and positive short-term price momentum [1][7] Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding NexPoint's earnings prospects, which is expected to positively influence its stock price [2] - For the current quarter, NexPoint is projected to earn $0.66 per share, reflecting a year-over-year increase of 50%, with a 60.87% rise in the Zacks Consensus Estimate over the last 30 days [4] - For the full year, the expected earnings per share is $1.47, showing a year-over-year decline of 20.54%, but the consensus estimate has increased by 26.8% due to positive revisions [5] Zacks Rank - NexPoint currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on upward earnings estimate revisions, which historically correlates with stock outperformance [3][6] - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [6] Stock Performance - The stock has gained 6.5% over the past four weeks, driven by favorable estimate revisions and potential earnings growth prospects [7]

Investment Activities - The company acquired or originated investments totaling approximately $12.76 million in senior loans and $11 million in promissory notes during the quarter ended September 30, 2024[208]. - The company reported a net gain of $4.51 million from the sale of CMBS B-Piece, with proceeds of $62.43 million against an amortized cost basis of $57.92 million[210]. - The company’s manager has completed approximately $20.1 billion in gross real estate transactions since 2012, managing around $9.6 billion in loans and credit-related investments as of September 30, 2024[204]. - The company’s investment strategy focuses on first-lien mortgage loans, mezzanine loans, and preferred equity, primarily in the multifamily, SFR, self-storage, and life science sectors[202]. - The company has invested approximately $101.6 million in promissory notes, with a weighted-average yield of 16.48%[266]. - The total carrying value of real estate investments is $122,782,000, with two multifamily properties included in the portfolio[266]. - The company has a total of 83 investments in its portfolio, including 20 floating rate investments and 53 fixed rate investments[266]. Financial Performance - Net interest income for Q3 2024 was $12.5 million, a 159.9% increase from $4.8 million in Q3 2023, primarily due to higher yielding assets and reduced interest expenses[226]. - Other income for Q3 2024 was $18.7 million, compared to a loss of $15.5 million in Q3 2023, resulting in a $34.2 million increase[228]. - Net income attributable to common stockholders for Q3 2024 was $16.1 million, a significant turnaround from a loss of $15.6 million in Q3 2023, marking a $31.7 million change[226]. - For the nine months ended September 30, 2024, net income attributable to common stockholders was $9.3 million, compared to a loss of $3.2 million in the same period of 2023, reflecting a $12.6 million improvement[244]. - Other income for the nine months ended September 30, 2024, reached $42.0 million, a substantial increase of $37.2 million from $4.8 million in the same period of 2023[236]. Expenses and Costs - Total operating expenses for Q3 2024 were $7.8 million, up 23.9% from $6.3 million in Q3 2023[226]. - G&A expenses for the nine months ended September 30, 2024, were $9.5 million, an increase of $2.4 million from $7.1 million in the same period of 2023[237]. - Management fees for Q3 2024 were $1.0 million, up from $0.8 million in Q3 2023[231]. - Expenses from consolidated real estate owned for Q3 2024 were $4.3 million, an increase of $2.4 million from $1.9 million in Q3 2023, attributed to the consolidation of Alexander at the District[232]. Shareholder Information - The weighted-average number of diluted shares outstanding increased by 32.0% to 30,468 in Q3 2024 from 23,086 in Q3 2023[243]. - Net income attributable to common stockholders for Q3 2024 was $16,116, a 203.6% increase from a loss of $15,550 in Q3 2023[253]. - The company intends to make regular quarterly dividend payments, with the second quarterly dividend declared at $0.50 per share on April 29, 2024[289]. Liquidity and Capital Management - The company expects to meet its short-term liquidity requirements through available cash, expected operating cash flows, and potential debt or equity financings[267]. - Long-term liquidity requirements will be met through various sources of capital, including future debt or equity issuances and net cash provided by operations[268]. - The company has cash and cash equivalents of $34.7 million as of September 30, 2024[282]. - The net increase in cash, cash equivalents, and restricted cash for the nine months ended September 30, 2024, was $22.1 million, contrasting with a decrease of $7.4 million in the same period of 2023[283]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $38.7 million, significantly up from $12.9 million at the end of September 2023[283]. Debt and Financing - The company has an outstanding balance of $788.8 million under the Freddie Mac Credit Facility, with a maturity date of July 12, 2029[271]. - As of September 30, 2024, the company has borrowed approximately $239.0 million under repurchase agreements, with collateral valued at approximately $1.0 billion[275]. - The weighted average interest rate on borrowings under the master repurchase agreements is 6.73%[276]. - The company’s mezzanine loans have interest rates ranging from 6.91% to 7.89%[275]. - The company’s senior loans have interest rates ranging from 4.72% to 6.10%[270]. Market Conditions and Risks - The macroeconomic environment remains challenging due to high interest rates and limited credit availability, impacting commercial real estate financing[313]. - The company does not expect ongoing lawsuits to materially affect its business or financial condition[206]. Commitments and Future Plans - The company had a commitment to fund $24.0 million of preferred equity for a construction project in Phoenix, Arizona, with $10.5 million remaining unfunded[296]. - The company committed to purchase $30.3 million of preferred units for multifamily property developments in Forney, Texas, and Richmond, Virginia, both fully funded as of September 30, 2024[298][299]. - The company has an outstanding loan commitment of up to $218.0 million to Alewife Holdings, with $79.5 million unfunded as of September 30, 2024[300]. Regulatory and Compliance - The company intends to maintain its REIT status for U.S. federal income tax purposes, which began with the taxable year ended December 31, 2020[205]. - The Company is subject to federal income tax on undistributed REIT taxable income and net capital gains, with a requirement to distribute at least 90% of its REIT taxable income annually[288]. - There have been no changes in internal control over financial reporting that materially affected the Company during the quarter ended September 30, 2024[319].

NexPoint Real Estate Finance, Inc. (NYSE:NREF) Q3 2024 Results Conference Call October 31, 2024 11:00 AM ET Company Participants Kristen Thomas - IR Brian Mitts - EVP, CFO Paul Richards - VP, Originations and Investments Matt McGraner - EVP, CIO Conference Call Participants Jade Rahmani - KBW Stephen Laws - Raymond James Operator Hello, at this time, I would like to welcome everyone to the NexPoint Real Estate Finance, Inc. Q3 2024 Earnings Conference Call. All lines have been placed on mute to prevent an ...

NexPoint (NREF) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 53.06%. A quarter ago, it was expected that this company would post earnings of $0.45 per share when it actually produced earnings of $0.68, delivering a surprise of 51.11%. Over the last four quarters, the company has su ...

Exhibit 99.1 Contact: Kristen Griffith Investor Relations IR@nexpoint.com Media: pro-nexpoint@prosek.com NREF Announces Third Quarter 2024 Results, Provides Fourth Quarter 2024 Guidance Dallas, TX, October 31, 2024 – NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended September 30, 2024. NREF reported net income attributable to common stockholders of $16.1 million, or $0.75 per diluted share1, for the three months ended Septemb ...

DALLAS, Oct. 31, 2024 /PRNewswire/ -- NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended September 30, 2024. NREF reported net income attributable to common stockholders of $16.1 million, or $0.75 per diluted share1, for the three months ended September 30, 2024. NREF reported cash available for distribution2 of $15.8 million, or $0.67 per diluted common share2, for the three months ended September 30, 2024. "NREF is pleased t ...

NexPoint Real Estate Finance (NYSE: NREF ) is a commercial mREIT with decent performance but has preferred shares (NYSE: NREF.PR.A ) that seem to be more attractive in terms of risk and reward. The preferred shares currently offer a Amateur value investor seeking bargains in any market, with a specific focus on emerging markets. Admires great investors such as Li Lu and Peter Lynch, and am not afraid to go against the grain. Willing to buy any company at the right price, and is looking for low-risk and high ...

NexPoint Real Estate Finance, Inc. (NREF) is scheduled to report third-quarter 2024 results on Oct. 31. The company's revenues and earnings are expected to have improved from the year-ago level. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, this real estate investment trust (REIT), which focuses on originating and servicing loans for multifamily, single-family rental, self-storage, life science, hospitality and office sectors, posted earnings availab ...

NexPoint Cautions Shareholders Not to Let UDF IV's Attacks Divert from Real Issues DALLAS, Oct. 11, 2024 /PRNewswire/ -- United Development Funding IV ("UDF IV" or the "Company") recently issued a letter to shareholders "raising concerns about the integrity of NexPoint leadership." The letter, which rehashes themes used in previous attacks and include several false claims about NexPoint, are the latest attempt by UDF IV to distract shareholders from both the failures of the current Board of Trustees and the ...