NexPoint Real Estate Finance, Inc.

NexPoint Real Estate Finance, Inc.

NREF
NexPoint Real Estate Finance, Inc.US flagNew York Stock Exchange
17.39
USD
+0.17
- -
327.77MMarket Cap
2014 Y
2015 Y
2016 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.3
0.78
3.66
3.74
5.26
0.92
0.08
1.68
9.93
8.58
Basic EPS, GAAP
- -
-0.35
-0.3
- -
2.13
6
0.22
0.6
1.02
5.95
5.48
Free Cash Flow per Basic Share
- -
0.09
0.15
- -
6.32
7.47
4.48
1.83
1.68
1.3
0.38
Dividend per Share
- -
- -
- -
- -
1.58
2.68
2.26
3
2.66
- -
3.13
Book Value per Share
- -
2.14
5.31
- -
25.53
25.97
22.48
20.16
19.08
20.88
20.14
Tangible Book Value per Share
- -
2.14
5.31
- -
25.53
25.97
22.48
20.16
19.08
20.88
20.14
Basic Weighted Avg Shares
5
5
5
5
5
7
15
17
17
18
18
Sales/Revenue/Turnover
- -
2
4
18
19
35
14
1
29
175
158
Operating Margin (%)
- -
-82.05
-18.56
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
2
- -
- -
- -
3
2
6
3
4
Net Income, GAAP
- -
-2
-2
- -
13
43
7
14
29
105
101
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-117.29
-38.7
- -
65.91
123.99
49.91
991.84
99.97
59.9
63.89
Working Capital
- -
- -
-1
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
37
38
2,445
5,607
7,713
7,264
6,255
4,581
4,204
4,324
Total Equity
- -
3
7
348
404
507
545
446
572
832
862
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-1.29
-0.16
0.04
-0.01
0.13
0.38
1.71
1.69
Return on Common Equity (%)
- -
-145.91
-35.72
- -
17.31
21.61
1.04
2.84
5.2
29.15
27.82

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
4,204
4,189
4,324
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
362
378
401
Shares Outstanding
19
19
19
Market Capitalization
262
252
292

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
31
23
6
Accounts Receivable, Net
54
47
57
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
27
31
29
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.72%
45.51%
Free Cash Flow
- -
0.46%
-21.75%
Net Income, GAAP
- -
125.42%
260.02%
Sales/Revenue/Turnover
- -
480.18%
500.85%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-11
9
22
10
29
2025
30
37
75
33
175
2026
24
25
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.79
0.51
0.92
0.48
1.02
2025
1.24
1.06
2.43
- -
5.95
2026
1.09
0.85
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
0.64
0.63
0.8
2.66
2025
0.8
0.75
0.93
- -
- -
2026
1.04
1.16
- -
- -
- -

Company Description

CEO
James David Dondero
Full Time Employees
1
Sector
Real Estate
Industry
REIT - Mortgage
Address
300 Crescent Court Dallas TX United States of America 75201
IPO Date
Feb 7, 2020
Business
NexPoint Real Estate Finance, Inc. (NYSE: NREF) is an externally managed commercial mortgage real estate investment trust that originates, structures and invests in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties, common stock investments, multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes, mortgage-backed securities, promissory notes, revolving credit facilities and stock warrants. The company focuses primarily on real estate sectors where its senior management team possesses operating expertise, including multifamily, single-family rental, self-storage, life science, hospitality and office properties that are stabilized or have light transitional business plans requiring limited deferred funding for leasing, ramp-up or value-add improvements; these investments are concentrated predominantly in the top 50 U.S. metropolitan statistical areas. NREF conducts substantially all of its business through its operating partnership, NexPoint Real Estate Finance Operating Partnership, L.P., and is externally managed by NexPoint Real Estate Advisors VII, L.P., a subsidiary of NexPoint Advisors, L.P. Incorporated in 2019 and based in Dallas, Texas, the company serves institutional and retail investors seeking attractive, risk-adjusted returns through its publicly traded common stock and preferred stock offerings. In November 2025, NREF launched a continuous public offering of up to $200 million of 8.00% Series C Cumulative Redeemable Preferred Stock, consisting of up to 8 million shares offered on a reasonable best efforts basis by NexPoint Securities, Inc. as dealer manager, with proceeds intended for general corporate purposes such as funding investments and repaying debt obligations. The company previously offered Series B Redeemable Preferred Stock featuring a 9% annual dividend paid monthly and senior position to common stock, underscoring its strategy to expand capital access through preferred equity instruments. NREF maintains its core investment approach amid market dynamics, reporting third quarter 2025 results in October 2025 that included net income of $1.12 per diluted share.

Company News

  • NexPoint Real Estate Finance Q2 Earnings Call Highlights

  • NexPoint Real Estate Finance, Inc. (NREF) Q2 2026 Earnings Call Transcript

  • NexPoint (NREF) Tops Q2 Earnings and Revenue Estimates

  • NREF Announces Second Quarter 2026 Results, Provides Third Quarter 2026 Guidance

  • NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend

  • NexPoint Real Estate Finance, Inc. Announces Second Quarter 2026 Earnings Conference Call

  • NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend

  • REITs Excel, Earnings Swell, Fed Rebels

  • NexPoint Real Estate Finance, Inc. (NREF) Q1 2026 Earnings Call Transcript

  • NexPoint (NREF) Q1 Earnings and Revenues Surpass Estimates

  • NREF Announces First Quarter 2026 Results, Provides Second Quarter 2026 Guidance

  • NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend

  • NexPoint Real Estate Finance, Inc. Announces First Quarter 2026 Earnings Conference Call

  • Comparing Two Harbors Investments (NYSE:TWO) & NexPoint Real Estate Finance (NYSE:NREF)

  • NexPoint Real Estate Finance, Inc. Announces Record Date and Date of 2026 Annual Meeting of Stockholders

  • NexPoint Real Estate Finance: Big Book Value Discount Provides Buyback Potential

  • NexPoint Real Estate Finance, Inc. (NREF) Q4 2025 Earnings Call Transcript

  • NexPoint (NREF) Meets Q4 Earnings Estimates

  • NREF Announces Fourth Quarter 2025 Results, Provides First Quarter 2026 Guidance

  • NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend