Nexpoint Real Estate Finance, Inc. · NYSE:NREF
Nexpoint Real Estate Finance — Q3 2022 Earnings Presentation
19 slides from Nexpoint Real Estate Finance's earnings presentation, Oct 27, 2022
Slide 1: 3Q 2022 Financial Supplement
NEXPOINT REAL ESTATE FINANCE NYSE:NREF 3Q 2022 Financial Supplement October 27, 2022 CONTACT NEXPOINT REALESTATEFINANCE INVESTOR RELATIONS
Slide 2: Cautionary Statements
Cautionary Statements FORWARD LOOKING STATEMENTS ‘This presentation contains “forward looking statoments" withinthe meaning ofthe Private Securities Litigation Reform Act of 1995 that arebasedonmanagemert’s curent expectations, assumptions and belies. Forward-looking statements can often be identiti
Slide 3: NexPoint Real Estate Finance Company Overview
NexPoint Real Estate Finance Company Overview NexPoint Real Estate Finance, Inc. (NREF" or the “Company’) is a publcly traded mortgage REIT (CmREIT), with its shares listed on the New York Stock Exchange. The company concentrates on investments in real estate sectors where senior management has oper
Slide 4: 3Q 2022 Highlights
3Q 2022 Highlights $(8.7)MM. $11.2MM $457.5MM 3Q2022 NET Loss aquz022 CASH Dividend FINANCIAL “OusiieieuTioN: PAID ON serrenben 30 *Portersip and B92 or sis perie excloding Secs AProteredstock ad 302022dvidendot September 30,2022 $1.7B $70.5MM $18.5MM $17.5MM $9.0MM oursTANOING PURCHASED MULTIFAMILY
Slide 5: 3Q 2022 Earnings And Book Value
3Q 2022 Earnings And Book Value Book Value Per Common Share Growth Earnings and Book Value + Netinterestincome of $5.7MM, a decrease of 32.9% comparedto 202022 Net loss of8.7MM, with net lossattributableto commonstockholdersof $8.AMM, 0F${0.54) per dilutedcommonsshare; comparedtonet incamect 585MM w
Slide 6: Net Income, EAD and CAD
Net Income, EAD and CAD NET INCOME, EAD, CAD 0 AND GUIDANCE soa NET INCOME/EAD/CAD Net loss per diluted common sharefor 3 288) 2022's $0.54, compared to net income of $0.34 per diluted common share reported in2.2022 © 30.2022EAD per diluted common share Is $0.48, a decrease of 14.3% compared to 20,2
Slide 7: Dividend and Coverage
Dividend and Coverage Dividend and EAD/CAD Coverage i i 3Q 2022 DIVIDEN * 30 dividend of $0.50 per common share was paid September 30, 2022 . © 30.2022 EAD dividend coverage is 0.96x © 30.2022 CAD dividend coverage is 1.00x 4Q 2022 DIVIDEND © 40,2022 dividend of $0.50 per common share declared by th
Slide 8: Portfolio Commentary
Portfolio Commentary Defensive Portfolio Characteristics 6.2 YEARS AVERAGE REMAINING TERM* MULTIFAMILY 92.9% OF PORTFOLIO STABILIZED* SINGLE-FAMILY RENTAL 68.1% WEIGHTED AVG LOAN TO VALUES SELF-STORAGE LIFE SCIENCES, 1.76x WEIGHTED AVG DScR*
Slide 9: Portfolio Commentary
Portfolio Commentary Geographic and Asset Type Exposure! sett Storage 15% Life Sciences 25% $1.7B CURRENT 2 seats S38 Sched ae wezs978 senlrtoan tose 10 9 sibs. fit 68.1% WEIGHTED AVG CRT 06%
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Slide 11: Portfolio
Portfolio 6 cuss ePcce ies asa aa na 10 CBs Bae as 753 ea Total CMSs Pace 589457 180538 765% 65 66.2%
Slide 12: Portfolio
Portfolio
Slide 13: Portfolio
Portfolio Tso 36 cry B a 03 ° N 138020. 137509 10.98% 52 594%
Slide 14: Portfolio
Portfolio Total MSCR Nowe 10500 «49% ~«997% 768 a Total Mareace Backed Secaty asim 276 62% 45 90.6% Common Stock A Sto mA $55:734 in zi Total Commer Stock NA $83,619 NA NIA NIA Portfoto Tota siessss9 9577303 675% 62 eae 76x
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Slide 16: Financials
Financials Income Statement mum sear wa ve = as ans eo corey cy = Net fac) ane order NEL 2500 245 Noigaretosi abe orem sam, Ey Novicmtiipeshr tact 5030 sost Book Value sem pou conmon scoters ety sso eons, Toten sara seme Cort etepba ses erry Balance Sheet cet denn cantons ‘s22300 Pony Conmin sockine
Slide 17: Reconciliations
Reconciliations Reconciliation of 4Q 2022 Net Income to EAD Reconciliation of 4Q 2022 EAD to CAD tte 40 diend cme alo oo 20 Le
Slide 18: Reconciliations
Reconciliations Reconciliation of Net Income (Loss) to Earnings Available for Distribution EAD pa dace megs tre so. 5056 sis sos sos. sot 50.0 EAD chitrdeoneay oo 1 2.68 Le Lom osm oom
Slide 19: Reconciliations
Reconciliations Reconciliation of Earnings Available for Distribution to CAD
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