Earnings Releases·Nov 5, 2026, 6:22 AM ET

NexPoint Real Estate Finance, Inc. — Third Quarter 2026 Earnings Summary

Reported net loss of $12.2 million ($0.65/share) for Q3 2026, reversing Q3 2025 net income of $35.0 million ($0.80/share), driven by $21.9 million in unrealized losses compared to $48.3 million in gains the prior year.
Earnings Available for Distribution (EAD) rose to $12.2 million ($0.52/share) and Cash Available for Distribution (CAD) increased to $14.0 million ($0.60/share), both up from Q3 2025 levels.
Provided Q4 2026 guidance of $0.425 per share for EAD (range $0.37–$0.47) and $0.555 per share for CAD (range $0.50–$0.60), with estimated net income between $6.8 million and $9.2 million.
Raised $27.9 million in gross proceeds from a Series C preferred stock offering; portfolio remains $1.0 billion with 64.7% weighted-average LTV and 1.39x DSCR, while management maintains a disciplined, selective underwriting approach.
Announced a Q4 2026 dividend of $0.50 per common share; confirmed intent to settle Series B and C preferred redemptions in cash rather than common stock when share price is below book value.