Price Target Changed • May 11
Price target increased by 7.1% to US$15.00 Up from US$14.00, the current price target is an average from 2 analysts. New target price is 6.2% below last closing price of US$15.99. Stock is up 8.3% over the past year. The company is forecast to post earnings per share of US$1.47 for next year compared to US$4.28 last year. Announcement • May 03
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2026 NexPoint Real Estate Finance, Inc. provided earnings guidance for the second quarter ending June 30, 2026. for the quarter, the company expects Net income in the range Of $18,210,000 to $20,534,000, Net income attributable to common stockholders in the range Of $7,503,000 to $9,827,000, EPS per Weighted Average Share - diluted in the range of $0.32 to $0.37. Announcement • May 01
NexPoint Real Estate Finance, Inc. announced that it expects to receive $375 million in funding NexPoint Real Estate Finance, Inc. announced that it has entered into a loan agreement for a gross proceeds of $375 million on April 29, 2026. The transaction includes participation from new lender Mizuho Capital Markets LLC. The company issued senior secured term loan facility. The Facility is full-term, interest only and matures on May 1, 2029, with two six-month extension periods solely at the option of the company.
As of the same date, the company received $310 million in the transaction. Declared Dividend • May 01
First quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 13%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (200% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to decline by 42% over the next year. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 29
NexPoint Real Estate Finance, Inc. Declares Quarterly Dividend, Payable on June 30, 2026 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on June 30, 2026, to stockholders of record on June 15, 2026. Announcement • Apr 07
NexPoint Real Estate Finance, Inc. to Report Q1, 2026 Results on Apr 30, 2026 NexPoint Real Estate Finance, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Announcement • Mar 12
NexPoint Real Estate Finance, Inc., Annual General Meeting, Jun 02, 2026 NexPoint Real Estate Finance, Inc., Annual General Meeting, Jun 02, 2026. Major Estimate Revision • Feb 27
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$50.0m to US$44.6m. EPS estimate fell from US$1.67 to US$1.62 per share. Net income forecast to shrink 45% next year vs 18% growth forecast for Mortgage REITs industry in the US . Consensus price target of US$14.50 unchanged from last update. Share price fell 2.4% to US$14.51 over the past week. Announcement • Feb 26
Nexpoint Real Estate Finance, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2026 NexPoint Real Estate Finance, Inc. provided earnings guidance for the first quarter ending March 31, 2026. For the quarter, the company expected net income of $16,812,000 to $19,111,000, mid point of $17,900,000; Net income attributable to common stockholders of $6,513,000 to $8,812,000, midpoint of $7,601,000; EPS per Weighted Average Share - diluted of $0.31 to $0.36, mid point of $0.33. Announcement • Feb 25
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on March 31, 2026 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on March 31, 2026, to stockholders of record on March 13, 2026. Announcement • Jan 27
NexPoint Real Estate Finance, Inc. to Report Q4, 2025 Results on Feb 26, 2026 NexPoint Real Estate Finance, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Recent Insider Transactions • Jan 06
Chairman recently bought US$282k worth of stock On the 31st of December, James Dondero bought around 20k shares on-market at roughly US$14.08 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of US$1.2m worth in shares. Recent Insider Transactions • Dec 24
Director recently sold US$173k worth of stock On the 18th of December, Brian Mitts sold around 12k shares on-market at roughly US$14.51 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$785k more than they sold in the last 12 months. Recent Insider Transactions Derivative • Dec 14
Director notifies of intention to sell stock Brian Mitts intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of December. If the sale is conducted around the recent share price of US$15.17, it would amount to US$181k. Since March 2025, Brian's direct individual holding has increased from 86.19k shares to 89.65k. Company insiders have collectively sold US$173k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 31 December 2025. Trailing yield: 14%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (12%). Price Target Changed • Nov 04
Price target decreased by 7.4% to US$14.13 Down from US$15.25, the current price target is an average from 2 analysts. New target price is 5.6% above last closing price of US$13.37. Stock is down 10% over the past year. The company is forecast to post earnings per share of US$2.78 for next year compared to US$1.02 last year. Declared Dividend • Oct 31
Second quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 15% per year over the past 6 years and payments have been stable during that time. EPS is expected to decline by 71% over the next 3 years. Since a fall of 27% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Oct 30
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2025 NexPoint Real Estate Finance, Inc. provided earnings guidance for the fourth quarter ended December 31, 2025. For the period, the company expected net income to be in the range of $17,766,000 compared to $20,034,000 a year ago. EPS per Weighted Average Share – diluted was $0.39 compared to $0.44 a year ago. Announcement • Oct 29
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on December 31, 2025 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on December 31, 2025, to stockholders of record on December 15, 2025. Announcement • Oct 06
NexPoint Real Estate Finance, Inc. to Report Q3, 2025 Results on Oct 30, 2025 NexPoint Real Estate Finance, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Recent Insider Transactions • Sep 26
Chairman recently bought US$946k worth of stock On the 22nd of September, James Dondero bought around 66k shares on-market at roughly US$14.33 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Trailing yield: 13%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (12%). Announcement • Aug 01
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Third Quarter Ended September 30, 2025 NexPoint Real Estate Finance, Inc. provided earnings guidance for the third quarter ended September 30, 2025. For the quarter, the company expects net income to be in the range of $14,944,000 to $17,380,000. Net income attributable to common stockholders to be in the range of $6,946,000 to $9,382,000. EAD per diluted common share to be in the range of $0.37 to $0.47. Announcement • Jul 30
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on September 30, 2025 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on September 30, 2025, to stockholders of record on September 15, 2025. Announcement • Jul 10
NexPoint Real Estate Finance, Inc. to Report Q2, 2025 Results on Jul 31, 2025 NexPoint Real Estate Finance, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Trailing yield: 13%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (13%). Announcement • May 01
Nexpoint Real Estate Finance, Inc. Provides Earnings Guidance for the Second Quarter of the 2025 NexPoint Real Estate Finance, Inc. provided earnings guidance for the second quarter of the 2025. For the quarter, the company expects Net income of 15,175 at midpoint. Net income attributable to common stockholders to be $1,552 at midpoint. EPS per Weighted Average Share – diluted to be 0.38 per share at midpoint. Announcement • Apr 30
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on June 30, 2025 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on June 30, 2025, to stockholders of record on June 13, 2025. Recent Insider Transactions Derivative • Apr 11
Executive VP & Chief Investment Officer exercised options and sold US$236k worth of stock On the 4th of April, Matthew McGraner exercised options to acquire 17k shares at no cost and sold these for an average price of US$14.21 per share. This trade did not impact their existing holding. Since June 2024, Matthew's direct individual holding has increased from 193.60k shares to 252.57k. Company insiders have collectively sold US$1.4m more than they bought, via options and on-market transactions in the last 12 months. Board Change • Apr 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Carol Swain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$47.9m to US$46.0m. EPS estimate also fell from US$1.84 per share to US$1.61 per share. Net income forecast to grow 87% next year vs 21% growth forecast for Mortgage REITs industry in the US. Consensus price target of US$16.25 unchanged from last update. Share price fell 5.1% to US$14.67 over the past week. Announcement • Apr 03
NexPoint Real Estate Finance, Inc. to Report Q1, 2025 Results on May 01, 2025 NexPoint Real Estate Finance, Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on May 01, 2025 Recent Insider Transactions Derivative • Mar 19
Executive VP & Chief Investment Officer exercised options and sold US$247k worth of stock On the 13th of March, Matthew McGraner exercised options to acquire 15k shares at no cost and sold these for an average price of US$16.13 per share. This trade did not impact their existing holding. Since June 2024, Matthew's direct individual holding has increased from 193.60k shares to 214.08k. Company insiders have collectively sold US$1.2m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 17
NexPoint Real Estate Finance, Inc., Annual General Meeting, May 20, 2025 NexPoint Real Estate Finance, Inc., Annual General Meeting, May 20, 2025. Declared Dividend • Mar 02
Third quarter dividend of US$0.50 announced Dividend of US$0.50 is the same as last year. Ex-date: 14th March 2025 Payment date: 31st March 2025 Dividend yield will be 12%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (151% earnings payout ratio) nor is it covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 18% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 68% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Mar 01
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2025 NexPoint Real Estate Finance, Inc. provided earnings guidance for the first quarter ending March 31, 2025. For the quarter, the company expects net income to be in the range of $12,900,000 to $15,284,000 (Mid-point of $14,061,000). EPS per Weighted Average Share – diluted to be in the range of $0.35 to $0.42 (Mid-point of $0.39 per share). Recent Insider Transactions Derivative • Feb 27
Executive VP & Chief Investment Officer exercised options and sold US$197k worth of stock On the 22nd of February, Matthew McGraner exercised options to acquire 13k shares at no cost and sold these for an average price of US$15.55 per share. This trade did not impact their existing holding. Since March 2024, Matthew's direct individual holding has decreased from 195.91k shares to 193.60k. Company insiders have collectively sold US$822k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 27
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on March 31, 2025 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on March 31, 2025, to stockholders of record on March 14, 2025. Announcement • Jan 24
NexPoint Real Estate Finance, Inc. to Report Q4, 2024 Results on Feb 27, 2025 NexPoint Real Estate Finance, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Upcoming Dividend • Dec 06
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 31 December 2024. Trailing yield: 12%. Within top quartile of American dividend payers (4.2%). In line with average of industry peers (12%). Major Estimate Revision • Nov 15
Consensus revenue estimates increase by 29% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$14.2m to US$18.3m. EPS estimate increased from US$0.957 to US$1.13 per share. Net income forecast to grow 55% next year vs 29% growth forecast for Mortgage REITs industry in the US. Consensus price target of US$15.75 unchanged from last update. Share price rose 2.5% to US$16.57 over the past week. Declared Dividend • Nov 01
Second quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 13th December 2024 Payment date: 31st December 2024 Dividend yield will be 13%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (276% cash payout ratio). The dividend has increased by an average of 22% per year over the past 5 years and payments have been stable during that time. Announcement • Nov 01
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Fourth Quarter 2024 NexPoint Real Estate Finance, Inc. provided earnings guidance for the fourth quarter 2024. The company expects net income to be low $20,074,000 to mid of $21,131,000 to high of $22,399,000. Net income attributable to common stockholders to be low $16,094,000 to mid of $17,151,000 to high of 18,419,000. EAD to be low $17,505,000 to mid of $18,562,000 to high of 19,830,000. EPS per Weighted Average Share - diluted to be low $0.61 to mid of $0.65 to high of 0.69. EAD per diluted common share to be low $0.75 to mid of $0.79,000 to high of 0.85. Announcement • Oct 30
NexPoint Real Estate Finance, Inc. Declares Quarterly Regular Dividend, Payable on December 31, 2024 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of common stock. The dividend will be payable on December 31, 2024, to stockholders of record on December 13, 2024. Price Target Changed • Oct 09
Price target increased by 11% to US$15.50 Up from US$14.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$15.38. Stock is down 1.4% over the past year. The company is forecast to post earnings per share of US$0.54 for next year compared to US$0.60 last year. Announcement • Oct 04
NexPoint Real Estate Finance, Inc. to Report Q3, 2024 Results on Oct 31, 2024 NexPoint Real Estate Finance, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 30 September 2024. Trailing yield: 14%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (12%). Declared Dividend • Aug 02
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 15%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (157% cash payout ratio). The dividend has increased by an average of 28% per year over the past 4 years and payments have been stable during that time. Announcement • Aug 02
Nexpoint Real Estate Finance, Inc. Provides Earnings Guidance for the Third Quarter of 2024 NexPoint Real Estate Finance, Inc. provided earnings guidance for the Third quarter of 2024. For the quarter, the company expects Net income attributable to common stockholders to be between $9.1MM and $11.5MM and EAD per Diluted Weighted Average Share in the range of $0.38 to 0.46. Announcement • Jul 31
NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on September 30, 2024 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on September 30, 2024, to stockholders of record on September 13, 2024. Announcement • Jul 04
NexPoint Real Estate Finance, Inc. to Report Q2, 2024 Results on Aug 01, 2024 NexPoint Real Estate Finance, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 157% Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Upcoming Dividend • Jun 07
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Trailing yield: 17%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (12%). New Risk • May 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 143% Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Recent Insider Transactions Derivative • May 12
Executive VP & Chief Investment Officer exercised options and sold US$207k worth of stock On the 8th of May, Matthew McGraner exercised options to acquire 15k shares at no cost and sold these for an average price of US$13.69 per share. This trade did not impact their existing holding. Since June 2023, Matthew's direct individual holding has increased from 142.70k shares to 184.85k. Company insiders have collectively sold US$593k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • May 06
Price target decreased by 7.3% to US$14.83 Down from US$16.00, the current price target is an average from 3 analysts. New target price is 12% above last closing price of US$13.21. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of US$0.68 for next year compared to US$0.60 last year. Declared Dividend • May 06
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 18%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 23% per year over the past 4 years and payments have been stable during that time. Price Target Changed • Apr 12
Price target decreased by 7.0% to US$15.50 Down from US$16.67, the current price target is an average from 3 analysts. New target price is 19% above last closing price of US$13.07. Stock is down 5.6% over the past year. The company is forecast to post earnings per share of US$0.75 for next year compared to US$0.60 last year. Recent Insider Transactions Derivative • Apr 09
Executive VP & Chief Investment Officer exercised options and sold US$144k worth of stock On the 4th of April, Matthew McGraner exercised options to acquire 11k shares at no cost and sold these for an average price of US$13.04 per share. This trade did not impact their existing holding. Since June 2023, Matthew's direct individual holding has increased from 142.70k shares to 163.90k. Company insiders have collectively sold US$539k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 02
NexPoint Real Estate Finance, Inc. to Report Q1, 2024 Results on May 02, 2024 NexPoint Real Estate Finance, Inc. announced that they will report Q1, 2024 results Pre-Market on May 02, 2024 Price Target Changed • Mar 27
Price target decreased by 7.7% to US$16.00 Down from US$17.33, the current price target is an average from 3 analysts. New target price is 11% above last closing price of US$14.46. Stock is down 4.9% over the past year. The company is forecast to post earnings per share of US$0.90 for next year compared to US$0.60 last year. New Risk • Mar 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.5% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 331% Cash payout ratio: 141% Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). New Risk • Mar 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 126% Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Buy Or Sell Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to US$13.51. The fair value is estimated to be US$17.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 20
NexPoint Real Estate Finance, Inc., Annual General Meeting, May 07, 2024 NexPoint Real Estate Finance, Inc., Annual General Meeting, May 07, 2024, at 10:30 Central Standard Time. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Trailing yield: 14%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (12%). Declared Dividend • Mar 03
Third quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 17%, which is higher than the industry average of 12%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 23% per year over the past 4 years and payments have been stable during that time. Announcement • Feb 29
Nexpoint Real Estate Finance, Inc. Announces Quarterly Dividend, Payable on March 28, 2024 NexPoint Real Estate Finance, Inc. announced that its board of directors has declared a quarterly regular dividend of $0.50 per share of NREF common stock. The dividend will be payable on March 28, 2024, to stockholders of record on March 15, 2024. Recent Insider Transactions Derivative • Feb 27
Executive VP & Chief Investment Officer exercised options and sold US$167k worth of stock On the 22nd of February, Matthew McGraner exercised options to acquire 12k shares at no cost and sold these for an average price of US$14.01 per share. This trade did not impact their existing holding. Since March 2023, Matthew's direct individual holding has increased from 124.92k shares to 142.70k. Company insiders have collectively sold US$355k more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Feb 15
Now 20% overvalued Over the last 90 days, the stock has fallen 7.4% to US$14.81. The fair value is estimated to be US$12.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 06
NexPoint Real Estate Finance, Inc. to Report Q4, 2023 Results on Feb 29, 2024 NexPoint Real Estate Finance, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Feb 29, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.69 per share at 12% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Trailing yield: 12%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (12%). Announcement • Nov 03
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 NexPoint Real Estate Finance, Inc. provided earnings guidance for the fourth quarter of 2023. For the fourth quarter 2023, Net income attributable to common stockholders in Fourth Quarter 2023 is estimated to be between $6.4MM and $8.3MM. EPS per Diluted to be $0.40 to $0.50. Announcement • Sep 27
NexPoint Real Estate Finance, Inc. to Report Q3, 2023 Results on Nov 02, 2023 NexPoint Real Estate Finance, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 02, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.69 per share at 12% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 12%. Within top quartile of American dividend payers (4.9%). In line with average of industry peers (12%). Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Carol Swain was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 28
NexPoint Real Estate Finance, Inc. Provides Earnings Guidance for the Third Quarter of 2023 NexPoint Real Estate Finance, Inc. provided earnings guidance for the third quarter of 2023. For the third quarter 2023, Net income attributable to common stockholders in third quarter 2023 is estimated to be between $6.6MM and $8.5MM. EPS per Diluted to be $0.41 to $0.51. Announcement • Jun 29
NexPoint Real Estate Finance, Inc. to Report Q2, 2023 Results on Jul 27, 2023 NexPoint Real Estate Finance, Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Recent Insider Transactions • Jun 11
Independent Director recently bought US$58k worth of stock On the 7th of June, Catherine Wood bought around 4k shares on-market at roughly US$16.09 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$706k more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.69 per share at 13% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Trailing yield: 13%. Within top quartile of American dividend payers (5.1%). In line with average of industry peers (13%). Recent Insider Transactions Derivative • May 12
Insider exercised options and sold US$56k worth of stock On the 8th of May, Matthew Goetz exercised options to acquire 4k shares at no cost and sold these for an average price of US$13.48 per share. This trade did not impact their existing holding. Since December 2022, Matthew's direct individual holding has increased from 67.51k shares to 81.39k. Company insiders have collectively bought US$162k more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • May 03
Price target decreased by 8.3% to US$16.50 Down from US$18.00, the current price target is an average from 3 analysts. New target price is 15% above last closing price of US$14.39. Stock is down 40% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$0.22 last year. Price Target Changed • Apr 29
Price target decreased by 7.0% to US$17.67 Down from US$19.00, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$13.92. Stock is down 41% over the past year. The company is forecast to post earnings per share of US$1.71 for next year compared to US$0.22 last year. Price Target Changed • Apr 13
Price target decreased by 8.5% to US$18.00 Down from US$19.67, the current price target is an average from 3 analysts. New target price is 27% above last closing price of US$14.12. Stock is down 39% over the past year. The company is forecast to post earnings per share of US$1.71 for next year compared to US$0.22 last year. Buying Opportunity • Mar 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be US$18.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 31% per annum over the same time period. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.69 per share at 11% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 11%. Within top quartile of American dividend payers (4.3%). Lower than average of industry peers (13%). 
