NexPoint Real Estate Finance-NREF Announces Fourth Quarter 2024 Results, Provides First Quarter 2025 Guidance

Core Viewpoint - NexPoint Real Estate Finance, Inc. reported strong financial results for Q4 2024, highlighting resilience in earnings amid challenging credit market conditions [1][2]. Financial Performance - Net income attributable to common stockholders for Q4 2024 was $8.4 million, equating to$ 0.43 per diluted share [1]. - Cash available for distribution for the same period was $10.9 million, or$ 0.47 per diluted common share [1]. - Earnings available for distribution (EAD) for Q4 2024 was reported at $19.5 million, with EAD per diluted common share at$ 0.83 [13]. Portfolio Overview - The total portfolio of the company stands at $1.2 billion, comprising 83 investments across various sectors including single-family rental (15.5%), multifamily (49.7%), and life sciences (31.0%) [7]. - The weighted-average loan to value (LTV) ratio is 59.2%, and the debt service coverage ratio (DSCR) is 1.32x [7]. Future Guidance - For Q1 2025, the company projects EAD per diluted common share guidance at$ 0.455, with net income estimates ranging from $12.9 million to$ 15.3 million [6]. - Cash available for distribution per diluted common share guidance for Q1 2025 is set at $0.505 [9]. Management Commentary - The Chief Investment Officer emphasized the company's proactive approach in capital deployment during a time when traditional lenders are facing credit issues, aiming to create long-term value for shareholders [2].