Nexpoint Real Estate Finance, Inc. · NYSE:NREF
Nexpoint Real Estate Finance — Q1 2021 Earnings Presentation
19 slides from Nexpoint Real Estate Finance's earnings presentation, Apr 29, 2021
Slide 1: 1Q 2021 Financial Supplement
exuiaiT 99.2 29.APRIL2021. | NYSENREF 10.2021 FINANCIAL SUPPLEMENT, NEXPOINT REAL ESTATE FINANCE
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning ofthe Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be ide
Slide 3: Company Overview
NEXPOINT REAL ESTATE FINANCE Company Overview 1.7% NexPoint Real Estate Finance, Inc. ("NREF” or the “Company’) is 2 publicly traded mortgage REIT (‘mREIT), with its i shares listed on the New York Stock Exchange. The company concentrates on investments in real estate sectors PREMIUM TO BOOK’ ‘where
Slide 4: 1Q 2021 Highlights
1Q 2021 HIGHLIGHTS 10 2021 net income of $25.1MM, with net income attributable to common stockholders of $8.4MM, or $1.26 per diluted ‘common share; compared to netincome of $26.2MM with net income attributable $1.32 per dilutedcommonshare in 40,2020! arnings of $2.9MM, or $0.53 per diluted common s
Slide 5: 1Q 2021 Earnings and Book Value
1Q 2021 EARNINGS AND BOOK VALUE Netinter Netincome of $25.1MM, f $1.26 per diluted net income attributable per diluted! are in 40,2020 per diluted comme rare in 40,2020 induding redeemable NA in the NEXPOINT
Slide 6: Net Income, Core Earnings and CAD
NET INCOME, CORE EARNINGS AND CAD CORE EARNINGS/CAD: Netincome per diluted are for the 10,2021 ver 40. 20220 reported net income samings per diluted ver 40, 2020 reported 410 2020 CAD per diluted 40,2020 reported CAD per diluted GUIDANCE: + 20 2021 2a mid-point, NEXPOINT
Slide 7: Dividend and Coverage
DIVIDEND AND COVERAGE Dividend and Core Earnings/CAD Coverage 10.2021 DIVIDEND: + 10 dividendof $0.475/commonsharewaspaidMarch31, 2021 + 10,2021 core earnings dividend coverages 1.12« + 10.2021 CAD dividendcoverage is 1.09x 20.2021 DIVIDEND RECOMMENDATION 20, 2021 dividend of $0.475 per common share
Slide 8: Portfolio Commentary
PORTFOLIO COMMENTARY Defensive Portfolio Characteristics ‘The current portfolio consists of senior loans, mezzanine debt, preferred equity and common stock investments in short-duration lease-term assets (multifamily, SFR, self-storage) that are geographically diverse in the United States. ‘The port
Slide 9: Portfolio Commentary
PORTFOLIO COMMENTARY graphic and Multifamily 39.55 NI MD iy Rertal PraferradEquity 138 2.0% OF TOTAL NEXPOINT
Slide 10: Expected Transaction
EXPECTED TRANSACTION Last First Undanying Peale: $10%iten Weigrent Ag Mert less Rae: ‘Ave 20a SOR 25% 22 703% 37 a $1.08 a asa Floating Rate z = Pool of Mortgages 7 sir Station Unguaranteed Certificate Glass ¢ mm: Payment Structure: Floating-rae wthcurrent pay Purchase Price/Par Va ‘S76MM /$76MM seo
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Slide 12: Portfolio
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Slide 13: Portfolio
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Slide 14: Portfolio
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Slide 16: Income Statement and Balance Sheet
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Slide 17: Reconciliations
RECONCILIATIONS Reconciliation of 2Q.2021 Net Income to Core Earnings Reconciliation of 2Q 2021 Net Income to CAD rth tre nent edad eam ue we rth tre nent edad dem we wea sean strato connon tar ene ‘208 sua sean strato cannon tar ame 208 sua sancments ancients es a= a= ar aan ee ae ae we en pee sam
Slide 18: Reconciliations
RECONCILIATIONS Reconciliation of Net Income (Loss) to Core Earnings am am sam mam saan Nethuanestemasttscmmenaeandes STD Se SSM SE) ancients nein noncan tenet Co) etna re 62m sm om eam an re == a7 as aoe ae apie sverage common aren Sm seo Sasa sam ceecamngeperdiaedwephedouenseme sl Gass gS Sa nd pr
Slide 19: Contact
CONTACT [NEXPOINT REAL ESTATE FINANCE (NYSE:NREF) 2515 Mckinney Ave, Suite1100 Dallas, Texas 75201 W:nref nexpoint.com : 833.463.6697 NEXPOINT
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