NexPoint Real Estate Finance, Inc.

NREF

NexPoint Real Estate Finance, Inc.

NREF

Insider Sentiment (TTM):

Last Purchase:2025-09-22Last Sale:2025-12-18Shares Purchased (TTM):66,000Shares Sold (TTM):77,904

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:12,653,421Shares Outstanding:18,605,000Institutional Ownership Pct.:68.01%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Variable Interest Entity Primary Beneficiary	-	0	3,692	-132	4,183	3	0	0	1	2	5,678	0
Consolidated Entity Excluding Variable Interest En…	-	679	620	109	-16	490	498	13	39	392	328	320
Subsidiaries	-	0	0	0	0	0	0	0	0	0	0	0
M S C R Notes	-	-	-	-	-	-	0	0	-10	10	10	-0
C M B S Structured Pass Through Certificates	-	0	40	-2	4	40	0	-1	-1	39	41	-1
Mortgage Backed Securities	-	-	-	-	-	-	0	-6	-28	44	38	0
Series A Preferred Stock	-	0	0	-	-	-	0	-	-	-	-	-
Assets
Cash And Cash Equivalents At Carrying Value	6	23	31	18	9	19	4	35	4	13	14	11
Restricted Cash	132	3	3	4	5	4	3	4	3	6	3	2
Real Estate Investment Property Net	164	113	114	64	65	121	122	123	124	124	127	59
Real Estate Held For Development And Sale Net	-	-	-	-	56	-	-	-	-	-	-	-
Real Estate Investments	-	-	-	-	121	-	-	-	-	-	-	-
Equity Securities Fv Ni	57	53	49	52	51	56	57	63	59	61	62	61
Equity Method Investments	0	2	2	2	2	2	2	7	-	-	0	-
Mortgage Loans On Real Estate Commercial And Consu…	68	109	121	122	280	273	263	250	232	141	676	708
Dividend And Interest Receivable	57	47	54	61	49	40	41	33	28	25	22	21
Other Receivables From Broker Dealers And Clearing…	-	-	-	-	-	-	-	-	-	1	-	-
Assets	5,368	5,235	5,321	5,278	5,402	5,399	5,416	5,686	6,575	7,085	7,018	6,886
Liabilities And Stockhold…
Liabilities
Line Of Credit	480	164	176	177	234	253	236	257	255	183	650	677
Securities Sold Under Agreements To Repurchase	152	165	258	258	261	259	243	239	281	342	304	298
Unsecured Debt	51	231	229	222	222	221	221	221	226	220	219	206
Secured Debt	146	106	106	64	64	95	95	96	96	96	96	32
Accounts Payable And Other Accrued Liabilities	16	15	14	12	12	9	9	8	8	10	6	3
Interest Payable Current And Noncurrent	13	17	14	15	12	13	10	11	9	13	8	10
Liabilities	4,505	4,385	4,489	4,503	4,720	4,778	4,844	5,153	6,093	6,637	6,573	6,452
Temporary Equity Carrying Amount Attributable To P…	-	-	-	306	246	189	149	111	69	36	9	-
Redeemable Noncontrolling Interest Equity Carrying…	82	83	82	94	89	88	86	86	85	85	89	89
Stockholders Equity Inclu…
Treasury Stock Preferred Value	-	-	-	-	-	-	0	0	0	-9	-9	-9
Preferred Stock Value Outstanding	-	-	-	0	0	0	0	0	0	0	0	0
Common Stock Value Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Value	-	-	-	-	-	-	0	0	0	-4	-4	-4
Additional Paid In Capital Common Stock	400	405	404	391	389	388	388	386	385	397	396	395
Retained Earnings Accumulated Deficit	-21	-16	-17	-19	-45	-48	-55	-54	-61	-59	-36	-37
Stockholders Equity	380	389	388	375	348	344	336	336	327	327	347	345
Liabilities And Stockholders Equity	5,368	5,235	5,321	5,278	5,402	5,399	5,416	5,686	6,575	7,085	7,018	6,886
Affiliated Entity	-	-	-	-	-	-	-	-	-	-	-	31
Series B Preferred Stock	-	-	0	-	-	-	0	-	-	-	-	-
Redeemable Series B Preferred Stock	-	0	0	-	-	-	0	-	-	-	-	-
Redeemable Series C Preferred Stock	-	0	0	-	-	-	0	-	-	-	-	-
Related Party	-	24	24	-0	0	24	28	0	1	23	23	-
Mortgage Loans	-	0	119	-1	-0	1	261	-	-	-	0	-
Temporary Equity Par Or Stated Value Per Share	-	-	-	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	-
Temporary Equity Shares Authorized	-	-	-	16	16	16	16	16	16	16	16	-
Temporary Equity Shares Issued	-	-	-	14	11	8	0	5	3	2	0	-
Temporary Equity Shares Outstanding	-	-	-	14	11	8	7	5	3	2	7	-
Accrued Interest And Dividends	-	8	8	-	-	-	0	-	-	-	-	-
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	100	100	100	100	100	100	100	100	100	100	100	100
Treasury Stock Preferred Shares	-	-	-	-	-	-	0	0	0	0	0	0
Preferred Stock Shares Issued	2	2	2	2	2	2	2	2	2	2	2	2
Treasury Stock Common Shares	-	-	-	-	-	-	0	0	0	0	0	0
Financing Receivable Allowance For Credit Losses	-	-	-	-	-	-	-	-1	-	-	-	-
Preferred Stock Shares Outstanding	2	2	2	2	2	2	2	2	2	2	2	-
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	500	500	500	500	500	500	500	500	500	500	500	500
Common Stock Shares Issued	19	19	19	18	18	18	17	17	17	18	18	18
Shares Outstanding	19	19	19	18	18	18	17	17	17	17	17	17

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	5.78%	7.85%	15.80%	-	-	-	-	-	-	-	-	-
2025	3.32%	-2.18%	-4.42%	5.86%	3.01%	-1.30%	6.58%	5.47%	10.56%	5.05%	13.14%	13.98%
2024	3.74%	0.70%	7.32%	17.53%	11.50%	3.05%	11.83%	-0.75%	-1.85%	-9.57%	-1.23%	-3.54%
2023	-	-	-	-	-	-	3.96%	6.60%	-2.00%	-3.26%	-1.11%	4.59%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	1.24	1.54	1.61	0.42	0.10	-0.08	-0.66	-0.41	-1.13	-1.10	-0.64	-1.14
Per Share Metrics
Diluted EPS TTM	2.30	2.51	2.93	1.87	1.60	1.35	1.02	0.85	-0.21	-0.20	1.09	-0.31
Free Cash Flow Per Share TTM	0.57	0.77	1.19	0.84	1.21	1.52	1.63	1.54	1.03	1.92	1.78	2.03
Dividend Per Share TTM	2.21	2.09	2.00	1.52	1.49	2.00	2.00	2.16	2.40	2.60	2.79	2.49
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	-	-	-	-	-	193.29%	174.81%
Operating Profit Margin TTM	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit Margin TTM	-	-	-	-	-	-	-	152.53%	-16.94%	-9.43%	27.41%	-10.58%
Growth Metrics
Net Revenue Growth (1Y)	-	-	-	-100.00%	-100.00%	-100.00%	-100.00%	-74.82%	-45.40%	-17.17%	-12.35%	-14.43%
Net Income Growth (1Y)	96.41%	166.53%	596.00%	219.17%	-1,170.18%	-1,084.91%	-5.59%	-463.18%	612.41%	-9.77%	479.47%	97.19%
EPS Growth (1Y)	84.61%	150.93%	585.33%	214.47%	-1,152.66%	-1,070.74%	-6.69%	-458.42%	603.86%	-10.53%	394.80%	71.21%
Valuation Metrics
P/E TTM	2.35	1.88	1.89	2.76	3.37	4.67	12.65	8.44	-31.22	-37.50	10.40	-27.39
P/B TTM	0.77	0.62	0.60	0.60	0.61	0.66	0.67	0.65	0.56	0.56	0.56	0.56
P/S TTM	-	-	-	-	-	-	-	12.87	5.29	3.54	2.85	2.90
Market Cap	292.08M	242.71M	232.50M	226.96M	213.40M	226.58M	223.83M	217.33M	184.58M	184.66M	194.89M	194.22M
Enterprise Value	285.70M	220.07M	201.38M	209.04M	204.34M	207.35M	219.95M	182.62M	180.31M	171.17M	181.06M	183.24M
Calculated Values
Free Cash Flow TTM	10.79M	14.35M	21.12M	14.95M	21.48M	26.61M	28.38M	26.82M	17.89M	33.11M	30.55M	34.93M
Net Debt	-6.38M	-22.64M	-31.11M	-17.92M	-9.06M	-19.22M	-3.88M	-34.71M	-4.27M	-13.48M	-13.82M	-10.98M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-12-18Sale

Owner: Mitts, Brian

Title: -

Shares: 11,904

Price/Share: $14.51

Value: $172,727.04

Shares Owned: -

Relationship: Director

Ownership: Indirect

2025-09-22Purchase

Owner: Dondero, James D

Title: President

Shares: 66,000

Price/Share: $14.33

Value: $945,780.00

Shares Owned: 319,490

Relationship: Director,Officer,TenPercentOwner

Ownership: Indirect

2025-09-22Sale

Owner: Dondero, James D

Title: President

Shares: 66,000

Price/Share: $14.33

Value: $945,780.00

Shares Owned: 2,797,486

Relationship: Director,Officer,TenPercentOwner

Ownership: Indirect

2025-04-09Purchase

Owner: Richards, Paul

Title: See Remarks

Shares: 1,000

Price/Share: $12.28

Value: $12,280.00

Shares Owned: 48,831

Relationship: Officer

Ownership: Direct

2023-06-07Purchase

Owner: Wood, Catherine D.

Title: -

Shares: 3,600

Price/Share: $16.09

Value: $57,924.00

Shares Owned: 15,906

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-12-18	Mitts, Brian	Director	-	Indirect	Sale	11,904	14.51	$172,727.04	0	4
2025-09-22	Dondero, James D	Director,Officer,TenPercentOwner	President	Indirect	Purchase	66,000	14.33	$945,780.00	319,490	4
2025-09-22	Dondero, James D	Director,Officer,TenPercentOwner	President	Indirect	Sale	66,000	14.33	$945,780.00	2,797,486	4
2025-04-09	Richards, Paul	Officer	See Remarks	Direct	Purchase	1,000	12.28	$12,280.00	48,831	4
2023-06-07	Wood, Catherine D.	Director	-	Direct	Purchase	3,600	16.09	$57,924.00	15,906	4
2023-05-17	Mcgraner, Matt	Officer	See Remarks	Direct	Purchase	2,000	13.78	$27,560.00	140,895	4
2023-05-10	Mcgraner, Matt	Officer	See Remarks	Direct	Purchase	2,000	13.05	$26,100.00	138,895	4
2023-01-09	Dondero, James D	Director,Officer,TenPercentOwner	President	Indirect	Purchase	510	20.25	$10,327.50	29,810	4
2023-01-09	Mcgraner, Matt	Officer	See Remarks	Direct	Purchase	5,000	16.81	$84,050.00	99,763	4
2022-12-29	Mitts, Brian	Director,Officer	See Remarks	Indirect	Purchase	95	15.95	$1,515.25	95	4
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Institutional Ownership

No data available for chart

2026-03-31

68.01%

Inst. Shares: 12,653,421

Shares Outstanding: 18,605,000

2025-12-31

70.65%

Inst. Shares: 12,485,686

Shares Outstanding: 17,673,000

2025-09-30

65.56%

Inst. Shares: 11,618,290

Shares Outstanding: 17,722,000

2025-06-30

64.50%

Inst. Shares: 11,424,783

Shares Outstanding: 17,712,000

2025-03-31

64.74%

Inst. Shares: 11,339,330

Shares Outstanding: 17,516,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	12,653,421	18,605,000	68.01%
2025-12-31	12,485,686	17,673,000	70.65%
2025-09-30	11,618,290	17,722,000	65.56%
2025-06-30	11,424,783	17,712,000	64.50%
2025-03-31	11,339,330	17,516,000	64.74%
2024-12-31	11,348,633	17,402,000	65.21%
2024-09-30	11,364,745	17,461,000	65.09%
2024-06-30	11,446,117	17,422,000	65.70%
2024-03-31	11,396,183	17,264,000	66.01%
2023-12-31	11,354,877	17,199,000	66.02%
2023-09-30	11,412,767	17,232,000	66.23%
2023-06-30	11,542,915	17,213,000	67.06%
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NexPoint Real Estate Finance, Inc. (NREF) — SEC Financial Statements & Analysis

NexPoint Real Estate Finance, Inc. (NREF) is a real estate investment trusts company, incorporated in MD. NexPoint Real Estate Finance, Inc. trades on NYSE as: NREF, NREF-PA. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NexPoint Real Estate Finance, Inc. reported a -100.00% year-over-year revenue growth, a Gross Profit Margin of 193.29% (TTM), a Price-to-Sales (P/S) ratio of 12.87x (TTM), a Price-to-Book (P/B) ratio of 0.77x (TTM), at a market cap of $292.08M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -100.00%
Gross Profit Margin TTM: 193.29%
P/S TTM: 12.87x
P/B TTM: 0.77x
Market Cap: $292.08M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is NexPoint Real Estate Finance, Inc. in?

NexPoint Real Estate Finance, Inc. (NREF) operates in the Real Estate Investment Trusts industry.

What is NREF's market cap?

NexPoint Real Estate Finance, Inc. (NREF) has a market capitalization of $292.08M as of 2026-06-30.

What is NREF's P/E ratio?

NexPoint Real Estate Finance, Inc. (NREF)'s trailing twelve month P/E ratio is 2.35x as of 2026-06-30.

What exchange does NREF trade on?

NexPoint Real Estate Finance, Inc. (NREF) trades on the NYSE.

Where is NexPoint Real Estate Finance, Inc. incorporated?

NexPoint Real Estate Finance, Inc. is incorporated in MD.