Nexpoint Real Estate Finance, Inc. · NYSE:NREF
Nexpoint Real Estate Finance — Q2 2022 Earnings Presentation
19 slides from Nexpoint Real Estate Finance's earnings presentation, Jul 28, 2022
Slide 1: 2Q 2022 Financial Supplement
NEXPOINT REAL ESTATE FINANCE NYSE:NREF 2Q 2022 Financial Supplement July 28, 2022 CONTACT NEXPOINT REALESTATEFINANCE INVESTOR RELATIONS
Slide 2: Cautionary Statements
Cautionary Statements FORWARD LOOKING STATEMENTS. This pres entation contains “forward-looking statements" withinthe meaning of the Private Securities Litigation Reform Act of 1995 that are based onmanagement’s current expectations, assumptions and belicts. Forward-looking statements can often be id
Slide 3: Company Overview
NexPoint Real Estate Finance Company Overview NexPoint Real Estate Finance, Inc. (NREF” or the "Company’) is @ publicly traded mortgage REIT (/mREIT"), with its shares listed on the New York Stock Exchange. The company concentrates on multifamily, single-family rental ("SFR"), and self-storage, in t
Slide 4: 2Q 2022 Highlights
2Q 2022 Highlights $8.5MM NET INCOME $12.6MM $476.9MM 2Q 2022 Dividend PAID ON JUNE 30, 2022 Paid 220.2022 dividend of $0.50 percommonshareon ‘une 30,2022 $20.5MM PURCHASED TWO SFR PASS- THROUGH CERTIFICATES Estimated £4 yd 20 2022 EARNINGS B00K VALUE IN 2.2022 AVAILABLE FoR $2159 percommanshare, FI
Slide 5: 2Q 2022 Earnings And Book Value
2Q 2022 Earnings And Book Value Book Value Per Common Share Growth $033 Earnings and Book Value Net interest income of $8.5MM, a decrease of 63.2% comparedto 102022 Net income of $8.5MM, with net income attributableto common ‘stockholders of $5.0MM, or $0.34 per dilutedcommon share; comparedto net i
Slide 6: Net Income, EAD and CAD
Net Income, EAD and CAD and EAD Per Dilu oun 278% Lay Bae) 2% ane ‘ 92 a0 2 soa sos so34 0.40} $0.4] EAD and CAD Per Diluted Share NET INCOME, EAD, CAD AND GUIDANCE NET INCOME/EAD/CAD Net income per diluted common share for the 20.2022 is $0.34, compared to $0.81 per diluted common share reported in
Slide 7: Dividend and Coverage
Dividend and Coverage Dividend and EAD/CAD Coverage 2Q 2022 DIVIDEND: * 2Q dividend of $0.50 per common share was paid June 30, 2022 * 20.2022 EAD dividend coverage is 1.12x * 20.2022 CAD dividend coverage is 1.26x 3Q 2022 DIVIDEND: * 30.2022 dividend of $0.50 per common share declared by the Board
Slide 8: Portfolio Commentary
Portfolio Commentary Defensive Portfolio Characteristics The current portfolio consists of senior loans, mezzanine debt, proferred equity, a bridge loan, MSCR notes, SFR pass-through certificates, a multifamily property and common stock investments in short-duraton Iease-term assets (multifamily, SF
Slide 9: Portfolio Commentary
Portfolio Commentary Geographic and Asset Type Exposure! $1.6B ‘CURRENT PRINCIPAL? LESS THAN 2.0% OF TOTAL WEIGHTED AVG. Lm
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Slide 11: Portfolio
Portfolio roperty Type 1 Senior Laan Vanes SFR ‘2020 s50a700 | S75.458 455% 62 2 Senor Laan Venous SFR 2020 51304 7234 474% 33 541% 3 Senor Lean Venous SFR 2020 aro 5445 555% 63 708% 4 Senor Laan Venous SFR 2020 10255 47% 2 er 5 Senor Lasn Venous SFR 2nve020 10312 5.35% 56 699% 6 Sener Lean Vareus S
Slide 12: Portfolio
Portfolio 1 CMBS 10Stie Vans Mutiamay 5/18/2020 $2445? sr 202% 242 65% 2 MBS IOSte Venous Muttomay 8/6/2020, 2uay 7070 208% 20 ea9% 2 CMBS 10 Stee Vanous Muttoray 422,202 7039 1465 159% 16 632% 4 owes 10sta Varous Muttomay syz7/2021 45507 1203 330% 79 ene 5 eMBS 10Stie lacus Masttoray e720 559 reat
Slide 13: Portfolio
Portfolio roperty Type 13 Mazanne Mutifomiy 10202020 3.310 17 ea1% 70 203% 14 Meszaine Temple His, MD —— Muftfamiy 10/20/2020 3.000 1252 732% a 231% 15 Mestaine Des Maines. Mutfamiy 107202020 2380 97 709% 64 ale% 16 Mezzanine Tyler TK Mutifomay 10/20/2020 2135 887 774% 63 021% a Mezzanine Terie His,
Slide 14: Portfolio
Portfolio Property Type Date 1 SERPase- Tru vars Fe ean won aA 34 NA 2 SFR Pose Trach Vaso sf euro oe 38 NA TotalsrRPase Trou 20.493 A698 as wa 1 Corea Stack wa Set weae20 Na Nia wa 2. Conean Stock wis Croind ease 1228/2004 wis wis wis Total Gomman Stock NA sa6.907 wa wa wa 1 usar Popeye NC tamay a2
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Slide 16: Financials
Financials Income Statement Fr thetic mote ‘une30.2022 Mach 3 3092 beret name sitet ssisrs heres emense au a5) Netiterest name cory 755 mer ncame oss) 3667 795) Tota operating expenses e725 aan) Netinare ‘e453 18737 Pree stock cionds CI co Nalin cube eee NCL 2545 14945 Netincorestinibleig nner sarkb
Slide 17: Reconciliations
Reconciliations ~ Reconciliation of 3Q2022 EAD to CAD CAD pr dtc erecta 50.46 sost sos sooner soso soso ssn__| (S95 ill TS 7
Slide 18: Reconciliations
Reconciliations Nel incre cule a edeerable ncn eres 2648 ats 7540 2084 ss 15029 Uses ais oo 364 sts 5s 4335) 859 676) Weighted nerae common shares ols, ed? 22498 22050 2isit 2am 19603 19199 18
Slide 19: Reconciliations
Reconciliations ~ Reconciliation of Earnings Available for Distribution to CAD oz 19202 aq2021 2021 202021 19200 Aaja Aezeten of dscounts e240 2030 ez 2375 650) 665) Weighted nerae common shares lsd, ied? 2aot 22050 2isit zara, 19603 19199 19
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