NexPoint Real Estate Finance, Inc. NREF R2K

Real Estate · REIT - Mortgage · United States

https://nref.nexpoint.com

NexPoint Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States. It focuses on originating, structuring, and investing in first-lien mortgage loans, preferred equity, mezzanine loans, convertible notes, multifamily properties, and common equity investments, as well as multifamily and single-family rental commercial mortgage-backed securities securitizations, promissory notes, revolving credit facilities, and stock warrants or target assets. The company has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. NexPoint Real Estate Finance, Inc. was incorporated in 2019 and is based in Dallas, Texas.

Market & Price

Market Cap

$359.56M

Current Price

$15.61

High / Low (52W)

$15.99 / $12.08

Beta

1.15

Valuation

Stock P/E

6.07

Industry PE

26.58

Forward P/E

8.75

PEG Ratio

Book Value

$20.80

Price to Book

0.75

P/S

2.31

EV/EBITDA

Dividend Yield

12.81%

Profitability & Returns

ROCE

ROE

16.30%

ROA

2.25%

Profit Margin

66.55%

Op Margin

69.36%

EPS (Latest Qtr)

$0.42

EPS (TTM)

$2.57

Balance Sheet & Liquidity

Debt/Equity

5.13

Quick Ratio

9.58

Current Ratio

9.59

Debt

$4.35B

Total Assets

$5.32B

Current Assets

Working Capital

Ownership

Promoter Holding

8.94%

Chg in Prom Hold

FII / Inst Holding

70.91%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$5.09B

Total Revenue (TTM)

$155.63M

EBITDA

Free Cash Flow

Operating Cash Flow

$16.28M

Shares Outstanding

18.85M

Gross Margin

99.12%

Payout Ratio

77.82%

Growth (CAGR)

Revenue 5Y

135.01%

Profit 5Y

149.76%

Revenue (YoY)

-4.80%

Earnings (YoY)

-39.20%

PROS

Excellent profit margin of 66.5%.
Compounding revenue at 135.0% over 5 years.
Profit CAGR of 149.8% over 5 years.
Attractive dividend yield of 12.81%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	NREF NexPoint Real Estate Finance, Inc. R2K	15.61	6.07	$359.56M	12.81%	-	16.30%	135.01%	149.76%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.46M	36.81M	74.80M	33.39M	24.42M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10.53M	10.77M	10.36M	11.11M	9.15M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25.96M	22.27M	50.86M	24.05M	22.63M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-6.35M	5.27M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21.80M	18.83M	43.08M	21.39M	20.27M
Diluted EPS	-1.22	1.00	0.52	1.26	0.58	1.17	0.78	0.26	-0.62	0.37	0.33	-0.90	-0.83	0.40	-	0.43	0.70	0.54	1.14	-	0.42

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	13.52M	1.41M	29.20M	175.45M
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-
Interest Expense	-	-	40.26M	51.56M	44.37M	42.77M
Pretax Income	-	-	14.21M	18.74M	35.96M	123.14M
Tax Provision	-	-	-	-	-	-
Net Income	11.10M	-	6.75M	13.97M	29.19M	105.10M
Diluted EPS	1.74	3.93	0.22	0.60	1.02	-

Compounded Sales Growth

5 Years:	135.01%
1 Year:	-4.80%

Compounded Profit Growth

5 Years:	149.76%
1 Year:	-39.20%

Stock Price Performance

1 Year:	+20.99%
6 Months:	+15.92%
3 Months:	+11.51%
1 Month:	+8.86%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	6.18B	-	8.15B	7.02B	5.42B	5.32B
Current Assets	-	-	-	-	-	-	-
Cash & Equivalents	-	30.24M	-	20.05M	13.82M	3.88M	31.11M
Inventory	-	-	-	-	-	-	-
Receivables	-	-	-	15.66M	22.03M	41.21M	54.01M
Total Liabilities	-	5.77B	-	7.61B	6.57B	4.84B	4.49B
Current Liabilities	-	-	-	-	-	-	-
Long Term Debt	-	1.04B	-	7.26B	6.25B	4.58B	4.20B
Total Debt	-	-	-	7.26B	6.25B	4.58B	4.20B
Total Equity	0	128.24M	-	383.98M	355.94M	482.18M	749.54M
Shares Outstanding	-	-	-	17.37M	17.52M	17.46M	18.57M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	32.90M	-	65.80M	31.56M	29.28M	22.92M
Investing Cash Flow	-68.26M	-	950.58M	741.34M	956.54M	321.54M
Financing Cash Flow	68.83M	-	-1.03B	-721.17M	-1.08B	-424.26M
Capital Expenditure	-	-	-	-	-	-
Free Cash Flow	-	-	65.80M	31.56M	29.28M	22.92M
Net Change in Cash	-	-	-12.88M	51.72M	-92.23M	-79.81M
Share Buybacks	4.79M	0	0	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-
Net Margin %	-	-	49.9%	991.8%	100.0%	59.9%
ROE %	8.7%	-	1.8%	3.9%	6.1%	14.0%
ROCE %	-	-	-	-	-	-

Shareholding Pattern

Insiders

8.94%

Institutions

70.91%

Public Float

77.87%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Nexpoint Asset Management, L.P.	50.08%	9.44M	$147.35M
2	Blackrock Inc.	3.15%	594.00K	$9.27M
3	Vanguard Capital Management LLC	1.64%	309.48K	$4.83M
4	Raymond James Financial, Inc.	1.59%	298.95K	$4.67M
5	Independent Financial Group, LLC	1.47%	276.60K	$4.32M
6	Morgan Stanley	1.02%	191.75K	$2.99M
7	Geode Capital Management, LLC	0.95%	179.25K	$2.80M
8	State Street Corporation	0.93%	175.56K	$2.74M
9	O'Shaughnessy Asset Management LLC	0.83%	155.72K	$2.43M
10	Ritholtz Wealth Management	0.60%	112.59K	$1.76M

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NREF · Real Estate