NexPoint Real Estate Finance Reports Q3 2025 Earnings, Projects Strong Q4 Guidance

NREF
October 30, 2025

NexPoint Real Estate Finance reported Q3 2025 results with net income of $35.0 million, or $1.14 per diluted share, and cash available for distribution of $12.1 million, or $0.53 per diluted share. Interest income rose 21 % while interest expense fell 4 % compared with the same quarter a year earlier, reflecting higher‑yielding investments and a modest deleveraging effort.

The company’s portfolio mix as of September 30, 2025 was 47.3 % multifamily, 33.9 % life sciences, 15.9 % single‑family, 1.8 % self‑storage and 1.1 % marinas. Capital deployment remained focused on life sciences, self‑storage and workforce‑rental housing sectors.

Management highlighted that the year‑over‑year increase in net income was driven by stronger interest income and a turnaround from the net loss reported in Q3 2024. The company beat analyst expectations of $0.42 per share, underscoring disciplined capital allocation and a focus on high‑yield pipelines.

For Q4 2025, NexPoint projected net income of $17.8 million to $20.0 million, cash available for distribution of $10.3 million to $12.5 million, earnings available for distribution per diluted share of $0.43 to $0.53 and cash available for distribution per diluted share of $0.45 to $0.55. Management also reiterated $235 million in residential originations and $300 million in life‑science manufacturing investments.

During Q3 2025 the company purchased $42.5 million in preferred stock, funded a $6.5 million loan, sold a multifamily property for $60.0 million and raised $65.7 million from Series B preferred stock. A dividend of $0.50 per share was declared for Q4.

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