NREF Announces First Quarter 2025 Results, Provides Second Quarter 2025 Guidance

Core Viewpoint - NexPoint Real Estate Finance, Inc. (NREF) reported strong financial results for Q1 2025, demonstrating resilience in earnings amid challenging credit market conditions [1][2]. Financial Performance - NREF reported net income attributable to common stockholders of $16.5 million, or $0.70 per diluted share, for the three months ended March 31, 2025 [1]. - Cash available for distribution was $10.5 million, or $0.45 per diluted common share, for the same period [1]. - The company anticipates second quarter 2025 earnings available for distribution (EAD) per diluted common share guidance at $0.435 at the midpoint [8]. Investment Portfolio - NREF's total portfolio is valued at $1.2 billion, consisting of 85 investments across various sectors including single-family rental (15.6%), multifamily (49.4%), and life sciences (31.9%) [9]. - The weighted-average loan to value (LTV) ratio is 58.7%, with a debt service coverage ratio (DSCR) of 1.46x [9]. Future Outlook - The company remains proactive in capital allocation, aiming to capitalize on market opportunities despite traditional lenders facing credit challenges [2]. - NREF has provided guidance for Q2 2025, estimating net income attributable to common stockholders to be between $7.6 million and $9.8 million [7].