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NexPoint Real Estate ate Finance (NREF)
NYSE:NREF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.76Last Year’s EPS
0.44Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 06, 2020
|% Change Since: 9.78%
|Next Earnings Date:May 06, 2020
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant increases in net income and interest income, as well as successful strategic financing moves. However, challenges persist in the commercial real estate market, and there is increased competition in the debt space. The company's outlook remains optimistic with a focus on strategic growth in key sectors.Company Guidance
During the NexPoint Real Estate Finance Q3 2024 earnings call, guidance for the fourth quarter was provided with a focus on key financial metrics. The company projected earnings available for distribution of $0.79 per diluted share at the midpoint, with a range of $0.75 to $0.83. Additionally, they guided cash available for distribution to be $0.50 per diluted share at the midpoint, with a range from $0.45 to $0.55. This guidance reflects the company's strategic focus on maintaining robust cash flows and capitalizing on investment opportunities in multifamily, Life Sciences, and other sectors, while effectively managing their debt-to-equity ratio at 1.52x. The strong performance in Q3, highlighted by a net income of $0.74 per diluted share and a book value per share increase to $16.95, sets a positive outlook for the upcoming quarter.Significant Increase in Net Income
Net income increased to $0.74 per diluted share in Q3 2024 from a net loss of $0.90 per diluted share in Q3 2023, driven by unrealized gains and increased net interest income.
Growth in Interest Income
Interest income increased by $5.6 million to $23.6 million in Q3 2024 from $18 million in Q3 2023.
Book Value Growth
Book value per share increased by 2.6% to $16.95 per diluted share in Q3 2024.
Strong Performance in Storage Business
Storage business achieved over 90% occupancy and an 11% increase in occupancy year-over-year during the quarter.
Successful SASB Financing
Closed on a highly accretive SASB financing in early October, recapitalizing all of the company's outstanding debt stack with favorable terms.
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NREF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $13.80 | $14.70 | +6.52% |
| Aug 01, 2024 | $13.59 | $13.46 | -0.96% |
| May 02, 2024 | $11.77 | $12.02 | +2.12% |
| Feb 29, 2024 | $11.73 | $12.32 | +5.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NexPoint Real Estate ate Finance (NREF) report earnings?
NexPoint Real Estate ate Finance (NREF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is NexPoint Real Estate ate Finance (NREF) earnings time?
NexPoint Real Estate ate Finance (NREF) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NREF EPS forecast?
NREF EPS forecast for the fiscal quarter 2024 (Q4) is 0.76.
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