NexPoint Real Estate Finance Q3 EPS $0.39-$0.49 Vs $0.48 Est.; EAD $0.45-$0.55
Author: Benzinga Newsdesk | August 01, 2024 08:29am
Looking Ahead: Third Quarter 2024 Guidance
Earnings Available for Distribution2
- 3Q 2024 EAD per diluted share guidance is $0.505 at the midpoint
|
| Low |
|
| Mid |
|
| High |
|
|
| Sept. 30, 2024 |
|
| Sept. 30, 2024 |
|
| Sept. 30, 2024 |
|
| Net income |
| $ | 12,318 |
|
| $ | 13,489 |
|
| $ | 14,660 |
|
| Net (income) loss attributable to Series A Preferred stockholders |
|
| (874) |
|
|
| (874) |
|
|
| (874) |
|
| Net (income) loss attributable to Series B Preferred stockholders |
|
| (2,316) |
|
|
| (2,316) |
|
|
| (2,316) |
|
| Net income attributable to common stockholders |
| $ | 9,128 |
|
| $ | 10,299 |
|
| $ | 11,470 |
|
| Adjustments |
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of stock-based compensation |
|
| 1,411 |
|
|
| 1,411 |
|
|
| 1,411 |
|
| EAD |
| $ | 10,539 |
|
| $ | 11,710 |
|
| $ | 12,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding - basic |
|
| 17,461 |
|
|
| 17,461 |
|
|
| 17,461 |
|
| Weighted average common shares outstanding - diluted |
|
| 30,246 |
|
|
| 30,246 |
|
|
| 30,246 |
|
| Shares attributable to potential redemption of Series B Preferred |
|
| (6,826) |
|
|
| (6,826) |
|
|
| (6,826) |
|
| Adjusted weighted average common shares outstanding - diluted |
|
| 23,420 |
|
|
| 23,420 |
|
|
| 23,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EPS per Weighted Average Share - diluted |
| $ | 0.38 |
|
| $ | 0.42 |
|
| $ | 0.46 |
|
| EPS per Adjusted Weighted Average Share - diluted |
| $ | 0.39 |
|
| $ | 0.44 |
|
| $ | 0.49 |
|
| EAD per Adjusted Weighted Average Share - diluted |
| $ | 0.45 |
|
| $ | 0.50 |
|
| $ | 0.55 |
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|
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|
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|
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|
|
|
|
| EPS Dividend Coverage Ratio |
|
| 0.76 | x |
|
| 0.84 | x |
|
| 0.92 | x |
| EPS Adjusted Dividend Coverage Raito |
|
| 0.78 | x |
|
| 0.88 | x |
|
| 0.98 | x |
| EAD Adjusted Dividend Coverage Raito |
|
| 0.90 | x |
|
| 1.00 | x |
|
| 1.10 | x |
Cash Available for Distribution2
- 3Q 2024 CAD per diluted share guidance is $0.455 at the midpoint
|
| Low |
|
| Mid |
|
| High |
|
|
| Sept. 30, 2024 |
|
| Sept. 30, 2024 |
|
| Sept. 30, 2024 |
|
| EAD |
| $ | 10,539 |
|
|
| 11,710 |
|
| $ | 12,881 |
|
| Adjustments |
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of premiums |
|
| 2,422 |
|
|
| 2,422 |
|
|
| 2,422 |
|
| Accretion of discounts |
|
| (4,573) |
|
|
| (4,573) |
|
|
| (4,573) |
|
| Amortization and depreciation |
|
| 1,062 |
|
|
| 1,062 |
|
|
| 1,062 |
|
| CAD |
| $ | 9,450 |
|
| $ | 10,621 |
|
| $ | 11,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common shares outstanding - basic |
|
| 17,461 |
|
|
| 17,461 |
|
|
| 17,461 |
|
| Weighted average common shares outstanding - diluted |
|
| 30,246 |
|
|
| 30,246 |
|
|
| 30,246 |
|
| Shares attributable to potential redemption of Series B Preferred |
|
| (6,826) |
|
|
| (6,826) |
|
|
| (6,826) |
|
| Adjusted weighted average common shares outstanding - diluted |
|
| 23,420 |
|
|
| 23,420 |
|
|
| 23,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EPS per Weighted Average Share - diluted |
| $ | 0.38 |
|
| $ | 0.42 |
|
| $ | 0.46 |
|
| EPS per Adjusted Weighted Average Share - diluted |
| $ | 0.39 |
|
| $ | 0.44 |
|
| $ | 0.49 |
|
| CAD per Adjusted Weighted Average Share - diluted |
| $ | 0.40 |
|
| $ | 0.45 |
|
| $ | 0.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EPS Dividend Coverage Ratio |
|
| 0.76 | x |
|
| 0.84 | x |
|
| 0.92 | x |
| EPS Adjusted Dividend Coverage Raito |
|
| 0.78 | x |
|
| 0.88 | x |
|
| 0.98 | x |
| CAD Adjusted Dividend Coverage Raito |
|
| 0.80 | x |
|
| 0.90 | x |
|
| 1.00 | x |
Posted In: NREF
