Nexpoint Real Estate Finance, Inc. · NYSE:NREF
Nexpoint Real Estate Finance — Q2 2026 Earnings Presentation
19 slides from Nexpoint Real Estate Finance's earnings presentation, Aug 6, 2026
Slide 1: 2Q 2026 Financial Supplement
NYSE:NREF 2Q 2026 Financial Supplement August 6, 2026 CONTACT NEXPOINT REAL ESTATE FINANCE INVESTOR RELATIONS (NYSE:NREF) Kristen Griffith 300 Crescent Court, Suite 700 (p) 214.908.1854 Dallas, Texas 75201 (e) kgriffith@nexpoint.com (w) nref.nexpoint.com
Slide 2: Cautionary Statements
Cautionary Statements FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. 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 a publicly traded mortgage REIT, with its shares of common stock and 8.50% Series A Cumulative Redeemable Preferred Stock listed on the New York Stock Exchange. The Company concentrates on i
Slide 4: 2Q 2026 Highlights
2Q 2026 Highlights $428.5MM 2Q 2026 Dividend $17.3MM $13.9MM BOOK VALUE PAID ON NET INCOME 2 Q 2026 CASH $18.60 per common share, including JUNE 30, 2026 IN 2 Q 2026 AVAILABLE FOR FINANCIAL redeemable non-controlling interests Paid a 2Q 2026 dividend of $0.50 Net income attributable to common DISTRI
Slide 5: 2Q 2026 Earnings And Book Value
2Q 2026 Earnings And Book Value Earnings and Book Value • Net interest income of $16.5MM, an increase of $1.2MM compared to 1Q 2026 • Net income of $17.3MM, with net income attributable to common stockholders of $5.4MM, or $0.29 per diluted common share; compared to a net income of $22.6MM, with net
Slide 6: Earnings per Share, EAD and CAD
Earnings per Share (EPS)1, EAD2 and CAD2 111.1 % EPS, EAD, CAD AND GUIDANCE EPS/EAD/CAD (22.9)% 17.5 % • Earnings per diluted share for 2Q 2026 (57.9)% (5.9)% (12.5)% (10.4)% 7.0 % (6.5)% 5.0 % is $0.29, compared to earnings per 17.2% (31.0)% diluted share of $0.42 reported in 1Q 2026 • 2Q 2026 EAD
Slide 7: Dividend and Coverage
Dividend and Coverage Dividend and EPS/EAD/CAD Coverage 2Q 2026 DIVIDEND: • 2Q dividend of $0.50 per common share was paid on June 30, 2026 • 2Q 2026 EPS dividend coverage is 0.58x • 2Q 2026 EAD dividend coverage is 0.92x • 2Q 2026 CAD dividend coverage is 1.16x 3Q 2026 DIVIDEND: • 3Q 2026 dividend
Slide 8: Portfolio Commentary
Portfolio Commentary Defensive Portfolio Characteristics The current portfolio consists of senior loans, CMBS B-Pieces, CMBS I/O Strips, mezzanine debt, preferred equity, common stock investments, multifamily properties, promissory notes, preferred stock investments, revolving credit facilities and
Slide 9: Portfolio Commentary
Portfolio Commentary1 Geographic and Asset Type Exposure1 MA 31% $1.1B CURRENT PRINCIPAL1 MD 5% CA 5% TX GA 16% 5% FL 6% LESS THAN 4.0% OF TOTAL OUTSTANDING PRINCIPAL BALANCE 63.4% WEIGHTED AVG LTV1 1. AS OF JUNE 30, 2026, AND EXCLUDING COMMON STOCK, PREFERRED STOCK AND STOCK WARRANTS AND THE ALEXAN
Slide 10: 2Q 2026 Portfolio
2Q 2026 PORTFOLIO 10
Slide 11: 2Q 2026 Portfolio
2Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA Investment Current Principal Remaining Term # Investment (1) Location Property Type Net Equity (2) Coupon (3) Loan to Value DSCR Date Amount (4) Senior Loans 1 Senior Loan Various Single-family 2/11/2020 $ 7,308 $ 1,004 5.4 % 1.6 49.6 % 2 Senior L
Slide 12: 2Q 2026 Portfolio
2Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA Investment Current Principal Remaining Term # Investment (1) Location Property Type Net Equity (2) Coupon (3) Loan to Value DSCR Date Amount (4) Mezzanine Loans 1 Mezzanine Houston, TX Multifamily 6/12/2020 $ 5,000 $ 5,000 11.0 % 0.9 74.9 % 2 Mezz
Slide 13: 2Q 2026 Portfolio
2Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA Investment Current Principal Remaining Term # Investment (1) Location Property Type Net Equity (2) Coupon (3) Loan to Value DSCR Date Amount (4) Common Equity 1 Common Stock N/A Self-Storage 11/6/2020 N/A $ 27,378 N/A N/A N/A 2 Common Stock N/A Gr
Slide 14: Financials
FINANCIALS 14
Slide 15: Financials
Financials $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Income Statement Balance Sheet June 30, March 31, June 30, December For the Three Months Ended 2026 2026 2026 31, 2025 Interest income $ 25,465 $ 24,454 Cash and cash equivalents $ 6,379 $ 31,114 Interest expense (8,926) (9,155)
Slide 16: Reconciliations
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of 3Q 2026 Net Income to EAD 1. EAD PER DILUTED COMMON SHARE, CAD PER DILUTED COMMON SHARE AND THE RELATED COVERAGE RATIOS ARE BASED ON ADJUSTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED. ADJUSTED
Slide 17: Reconciliations
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of 3Q 2026 EAD to CAD 1. EAD PER DILUTED COMMON SHARE, CAD PER DILUTED COMMON SHARE AND THE RELATED COVERAGE RATIOS ARE BASED ON ADJUSTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED. ADJUSTED WEIGHTE
Slide 18: Reconciliations
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of Net Income (Loss) to Earnings Available for Distribution 1. ADJUSTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED DOES NOT INCLUDE THE DILUTIVE EFFECT OF THE POTENTIAL REDEMPTION OF SERIES B OR SER
Slide 19: Reconciliations
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of Earnings Available for Distribution to CAD 1. ADJUSTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED DOES NOT INCLUDE THE DILUTIVE EFFECT OF THE POTENTIAL REDEMPTION OF SERIES B OR SERIES C PREFERRE
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