Nexpoint Real Estate Finance posts Q3 net loss of $12.2 mln
Overview
U.S. REIT reported Q3 net loss of $12.2 mln, or $0.65 per diluted share
Company says Q3 earnings covered dividend and portfolio remains focused on durable demand sectors
Company expects positive net income attributable to common stockholders in Q4 2026
Outlook
NexPoint Real Estate Finance sees Q4 2026 EAD per diluted share at $0.42 midpoint
Company expects Q4 2026 CAD per diluted share of $0.55 at the midpoint
NexPoint Real Estate Finance forecasts Q4 2026 net income attributable to common stockholders of $6.8 mln to $9.2 mln
Result Drivers
DISCIPLINED UNDERWRITING - Co said its selective approach to deploying capital and disciplined underwriting supported stable income and portfolio growth, per Chief Investment Officer Matthew McGraner
SECTOR FOCUS - Co said portfolio remains concentrated in life sciences, multifamily, and single-family rental sectors
CAPITAL DEPLOYMENT - Co funded new loans and preferred equity investments with high returns during the qtr
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Loss Per Share | $0.65 | ||
Q3 Net Loss | $12.20 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for NexPoint Real Estate Finance, Inc. is $16.25, about 11% above its November 4 closing price of $14.64
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Nov 3 - NexPoint Residential Q3 revenue slightly beats estimates, net loss widens
Nov 3 - Redwood Trust Q3 loss widens
Nov 3 - Angel Oak Mortgage Q3 net loss widens, book value falls
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)