Nexpoint Real Estate Finance, Inc. · NYSE:NREF
Nexpoint Real Estate Finance — Q3 2026 Earnings Presentation
19 slides from Nexpoint Real Estate Finance's earnings presentation, Nov 5, 2026
Slide 1: 3Q 2026 Financial Supplement
NYSE:NREF 3Q 2026 Financial Supplement November 5, 2026 CONTACT NEXPOINT REAL ESTATE FINANCE (NYSE:NREF) 300 Crescent Court, Suite 700 Dallas, Texas 75201 (w) nref.nexpoint.com INVESTOR RELATIONS Kristen Griffith (p) 214.908.1854 (e) [email protected]
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 13.1% I N S I D E R O W N E R S H I P 3 13.7% I M P L I E D D I V I D E N D Y I E L D 2 17.0% D I S C O U N T T O B O O K 1 Company Overview NexPoint Real Estate Finance, Inc. (“NREF” or the “Company”) is a publicly traded mortgage REIT, with its shares of common stock a
Slide 4: 3Q 2026 Highlights
$8.4MM L O A N D R A W Funded $8.4MM on a loan. The loan pays a monthly coupon of SOFR+900 bps 3Q 2026 Highlights FINANCIAL PORTFOLIO CAPITALIZATION $0.9MM N E T L O S S I N 3 Q 2 0 2 6 Net loss attributable to common stockholders of $12.2MM or $0.65 per diluted common share $14.0MM 3 Q 2 0 2 6 C A
Slide 5: 3Q 2026 Earnings and Book Value
3Q 2026 Earnings And Book Value • • • • Earnings and Book Value Net interest income of $17.3MM, an increase of $0.7MM compared to 2Q 2026 Net loss of $0.9MM, with net loss attributable to common stockholders of $12.2MM, or $0.65 per diluted common share; compared to a net income of $17.3MM, with net
Slide 6: EPS, EAD, CAD and Guidance
1. EPS ASSUMES VESTING OF ALL OUTSTANDING UNVESTED RESTRICTED STOCK UNITS AND CONVERSION OF ALL REDEEMABLE NON-CONTROLLING INTERESTS, AND DILUTIVE EFFECT OF POTENTIAL REDEMPTION OF ALL OUTSTANDING SERIES B AND SERIES C PREFERRED SHARES FOR COMMON STOCK. EAD AND CAD PER DILUTED COMMON SHARE ASSUMES V
Slide 7: Dividend and Coverage
Dividend and Coverage Dividend and EPS/EAD/CAD Coverage 3 Q 2 0 2 6 D I V I D E N D : 3Q dividend of $0.50 per common share was paid on September 30, 2026 3Q 2026 EPS dividend coverage is (1.30)x 3Q 2026 EAD dividend coverage is 1.04x 3Q 2026 CAD dividend coverage is 1.20x 4 Q 2 0 2 6 D I V I D E N
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: Geographic and Asset Type Exposure
Portfolio Commentary1 1. AS OF SEPTEMBER 30, 2026, AND EXCLUDING COMMON STOCK, PREFERRED STOCK AND STOCK WARRANTS, REVOLVING CREDIT FACILITIES AND THE ALEXANDER AT THE DISTRICT, RIDGEVIEW PLACE AND MAG & MAY MULTIFAMILY PROPERTIES Geographic and Asset Type Exposure1 $1.0B CURRENT PRINCIPAL1 64.7% WE
Slide 10: 3Q 2026 Portfolio
3Q 2026 PORTFOLIO 10
Slide 11: 3Q 2026 Portfolio: Senior Loans and CMBS B-Pieces
3Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA # Investment (1) Location Property Type Investment Current Principal Date Amount Net Equity (2) Coupon (3) (4) Remaining Term Loan to Value DSCR Senior Loans 1 Senior Loan Various Single-family 2/11/2020 $ 7,115 $ 970 5.4 % 1.3 48.2 % 2 Senior Loa
Slide 12: 3Q 2026 Portfolio: Mezzanine Loans
3Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA # Investment (1) Location Property Type Investment Current Principal Date Amount Net Equity (2) Coupon (3) (4) Remaining Term Loan to Value DSCR Mezzanine Loans 1 Mezzanine Houston, TX Multifamily 6/12/2020 $ 5,000 $ 5,000 11.0 % 0.7 74.9 % 2 Mezz
Slide 13: 3Q 2026 Portfolio: Equity, Preferred and Real Estate
3Q 2026 Portfolio $s IN 0,000s EXCEPT PER SHARE DATA # Investment (1) Location Property Type Investment Date Current Principal Amount Net Equity (2) Coupon (3) (4) Remaining Term Loan to Value DSCR Common Equity 1 Common Stock N/A Self-Storage 11/6/2020 N/A $ 27,017 N/A N/A N/A 2 Common Stock N/A Gr
Slide 14: Financials
FINANCIAI 14
Slide 15: Financials: Income Statement and Book Value
Financials $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Income Statement For the Three Months Ended September June 30, 30, 2026 2026 Interest income $ 27,438 $ 25,465 Interest expense (10,158) (8,926) Net interest income 17,280 16,539 Other income (loss) (7,371) 10,796 Total operatin
Slide 16: Reconciliation of 4Q 2026 Net Income to EAD
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of 4Q 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: Reconciliation of 4Q 2026 EAD to CAD
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of 4Q 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: Reconciliation of Net Income (Loss) to Earnings Available for Distribution
Reconciliations $s IN 0,000s EXCEPT PER SHARE DATA OR AS OTHERWISE INDICATED Reconciliation of Net Income (Loss) to Earnings Available for Distribution 1. 2. UNREALIZED GAINS REPRESENT THE NET CHANGE IN UNREALIZED GAINS ON INVESTMENTS AND DERIVATES HELD AT FAIR VALUE. ADJUSTED WEIGHTED AVERAGE COMMO
Slide 19: Reconciliation of Earnings Available for Distribution to CAD
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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