NexPoint Real Estate Finance reports Q3 EPS (82c), consensus 47c

Reports Q3 cash available for distribution of 47c per diluted share. “NREF‘s portfolio continues to provide stable and defensive yields despite a challenging commercial real estate environment. We’re pleased today to announce an offering of up to 16,000,000 shares of NREF’s 9.00% Series B Cumulative Redeemable Preferred Stock,” said Chief Investment Officer Matthew McGraner. “We continue to believe NREF will be able to offensively capitalize on current market dislocation in multifamily, single-family rental, life sciences, and self-storage sectors, all of which are sectors in which we have robust operating platforms.”