NexPoint Real Estate Finance is a mREIT focused on financing multifamily and life sciences properties, primarily through CMBS and mezzanine loans. Over the past year, the common dividend is covered by cash flows, a trend I expect to continue in 2025. The current interest rate environment remains favorable for mREITs, with both short and long-term interest rates likely to decline in 2025-2027.
NexPoint Real Estate Finance, Inc. (NYSE:NREF ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Kristen Griffith – Investor Relations Matt McGraner – Executive Vice President and Chief Investment Officer Paul Richards – Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Laws – Raymond James Jade Rahmani – KBW Operator Thank you for standing by. My name is Kate, and I will be your conference operator today.
NexPoint (NREF) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.44 per share a year ago.
TWO, NREF and RITM made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 13, 2025.
NexPoint (NREF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
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 any background noise.
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.
NexPoint Real Estate Finance's preferred shares offer a 9.28% yield and are a better short-term income play than common shares due to dividend stability. NREF dividend is likely to be cut as earnings barely cover it, making the NREF.PR.A more attractive for income investors. The company's portfolio is strong, focusing on multifamily and single-family rentals with high current yields and short maturities, avoiding office sector risks.
NREF's third-quarter 2024 results are likely to gain from declining mortgage rates, although a decrease in NII poses a challenge.
After reaching an important support level, NexPoint Real Estate Finance, Inc. (NREF) could be a good stock pick from a technical perspective. NREF recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
NexPoint (NREF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
NexPoint (NREF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).