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NexPoint Real Estate Finance, Inc. (NYSE:NREF), currently trading at $15.07 and offering an impressive 13.4% dividend yield, announced that on Monday its subsidiary, NREF OP IV REIT Sub, LLC, amended and restated an existing promissory note agreement with NexPoint SFR Operating Partnership, L.P., the operating partnership of NexPoint Homes Trust, Inc.
According to a statement based on a Securities and Exchange Commission filing, the amendment raises the maximum amount available under the note from $5 million to $15 million. In connection with the amendment, an additional $5 million was funded under the note to NexPoint SFR Operating Partnership, bringing the total outstanding to $10 million as of Monday.
The note carries an annual interest rate of 15%, with interest payable in kind. It is structured as interest-only during its term and matures on July 10, 2026.
NexPoint Real Estate Finance, Inc. is a real estate investment trust incorporated in Maryland and headquartered in Dallas, Texas. Its common stock and 8.50% Series A Cumulative Redeemable Preferred Stock are listed on the New York Stock Exchange under the symbols NREF and NREF-PRA, respectively.
The companies involved in the agreement are affiliated through their management. The information in this article is based on a press release statement included in an SEC filing.
In other recent news, NexPoint Real Estate Finance reported its second-quarter earnings for 2025, revealing an earnings per share of $0.46. This figure exceeded analysts’ expectations, which were set at $0.43, marking a positive earnings surprise. Additionally, the company announced plans to dual list its common stock on NYSE Texas, an electronic equities exchange based in Dallas, effective August 19, 2025. Despite maintaining its primary listing on the New York Stock Exchange, the company will trade under the same ticker symbol, "NREF," on both exchanges. These developments come as NexPoint Real Estate Finance navigates broader market trends and specific sector challenges. The earnings performance and dual listing are notable recent developments for investors to consider. The move to list on NYSE Texas represents a strategic expansion in trading venues for the company.
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