DALLAS (AP) — DALLAS (AP) — NexPoint Real Estate Finance, Inc. (NREF) on Thursday reported net income of $7.3 million in its second quarter.
The Dallas-based company said it had net income of 36 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 46 cents per share.
The company posted revenue of $17.3 million in the period. Its adjusted revenue was $4.2 million.
For the current quarter ending in September, NexPoint expects its per-share earnings to range from 41 cents to 51 cents.
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NexPoint Real Estate Finance, Inc. is a commercial mortgage real estate investment trust (REIT). The Company is focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common stock investments, as well as multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes and mortgage-backed securities, or its target assets. The Company's primary investment objective is to generate attractive, risk-adjusted returns for stockholders over the long term. It intends to achieve this objective primarily by originating, structuring and investing in its target assets. It is focused on investing in real estate sectors, including in the multifamily, single-family rental, self-storage, hospitality and office sectors. Its business is conducted through NexPoint Real Estate Finance Operating Partnership, L.P. (the OP), the Company's operating partnership.