1. NREF reports Q4 2024 net income of $8.4 million. 2. Cash available for distribution is $10.9 million for Q4 2024. 3. Management highlights ability to thrive despite challenging credit markets. 4. Guidance for Q1 2025 shows projected net income between $8.0MM-$10.4MM. 5. EAD per diluted share shows positive growth trajectory.
NREF demonstrated solid financial performance and resilience in a strained credit environment. Historical data shows similar perseverance has led to stock price growth.
Solid earnings and strong cash distribution figures indicate organizational health and potential for stock appreciation. The proactive management approach signals good future prospects.
Immediate market response likely due to positive earnings report and guidance. Investors typically react quickly to earnings announcements.
("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended December 31, 2024.
NREF reported net income attributable to common stockholders of $8.4 million, or $0.43 per diluted share1, for the three months ended December 31, 2024.
NREF reported cash available for distribution2 of $10.9 million, or $0.47 per diluted common share2, for the three months ended December 31, 2024.
"NREF is pleased to announce another strong quarter, demonstrating steady and resilient earnings across our primary property types. In an environment where banks and traditional lenders are frequently sidelined or distracted by credit issues, we remain proactive and dedicated. Our ability to deploy capital in this challenging credit market enables us to seize market opportunities and generate long-term value for our shareholders," commented Chief Investment Officer Matthew McGraner.
| Category | Low | Mid | High |
|---|---|---|---|
| Net income | $12,900 | $14,061 | $15,284 |
| Net income attributable to common stockholders | $7,997 | $9,158 | $10,381 |
| EAD | $9,460 | $10,621 | $11,844 |
| Category | Low | Mid | High |
|---|---|---|---|
| CAD | $10,697 | $11,858 | $13,081 |
The Company is scheduled to host a conference call on Thursday, February 27, 2025, at 11:00 a.m. ET (10:00 a.m. CT), to discuss fourth quarter 2024 financial results.
The conference call can be accessed live over the phone by dialing 888-660-4430 or +1 646-960-0537 and entering Conference ID 6891136. A live audio webcast of the call will be available online at the Company's website, https://nref.nexpoint.com (under "Resources"). An online replay will be available shortly after the call on the Company's website and continue to be available for 60 days.
A replay of the conference call will also be available through Thursday, March 13, 2025, by dialing 1 800-770-2030 or, for international callers, +1 609-800-9099 and entering passcode 6891136.
NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its common stock and 8.50% Series A Cumulative Redeemable Preferred Stock listed on the New York Stock Exchange, primarily focused on originating, structuring and investing in first-lien mortgage loans... More information about the Company is available at http://nref.nexpoint.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995...
Kristen Griffith
Investor Relations
contact@nref.nexpoint.com
Media: media@nref.nexpoint.com