NREF Announces Third Quarter 2026 Results, Provides Fourth Quarter 2026 Guidance
NexPoint Real Estate Finance reported a Q3 2026 net loss attributable to common stockholders of $12.2 million, or $0.65 per diluted share, versus net income of $35.0 million a year earlier, driven by $21.9 million in unrealized losses. On a non-GAAP basis the quarter was steadier: earnings available for distribution was $0.52 per share and cash available for distribution $0.60 per share, both covering the $0.50 quarterly dividend. Management guided 4Q 2026 EAD to $0.42 per share at the midpoint (0.84x dividend coverage) and CAD to $0.55 (1.10x coverage), with the $1.0 billion, 83-investment portfolio at a 64.7% weighted-average LTV and 1.39x DSCR.
Key figures
- Revenue
- 0
- Guidance
- 4Q 2026: net income attributable to common stockholders $6.8M-$9.2M; EAD per diluted share $0.37-$0.47 ($0.42 midpoint); CAD per diluted share $0.50-$0.60 ($0.55 midpoint)
- Cad
- 13960000
- Ead
- 12152000
- Cad per share
- 0.6
- Ead per share
- 0.52
- Portfolio total
- $1.0 billion
- Weighted avg ltv
- 64.7%
- Investments count
- 83
- Unrealized losses
- 21931000
- Weighted avg dscr
- 1.39x
- Q4 dividend per share
- 0.5
- Series c gross proceeds
- $27.9MM
- Cad dividend coverage mid
- 1.1
- Ead dividend coverage mid
- 0.84
- Prior year common net income
- 35032000
AI analysis
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