NREF

Nexpoint Real Estate Finance Inc

NREF.US nref.nexpoint.com
17.32
+0.10 (+0.58%)
USD · NYSE
52-week range
11.16
18.43
Trading at 85% of the 52-week range
Market Cap
396.65M
P/E Ratio
7.49
Forward P/E
0.00
Book Value
20.14
Div. Yield
11.40%
% Institutions
71.08%
% Insiders
8.95%

1 Year

+30.8%

3 Year

+47.9%

10 Year

+103.0%
Description

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.

Company Information

Company Name
Nexpoint Real Estate Finance Inc
Sector
Real Estate
Industry
REIT - Mortgage
Exchange
NYSE
ISIN: US65342V1017
CIK: 0001786248
CUSIP: 65342V101
Currency: USD
Full Time Employees: 1
Phone: 214 276 6300
Fiscal Year End: December
IPO Date: Feb 07, 2020
Description:

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.

Address:

300 Crescent Court, Dallas, TX, United States, 75201

People

Directors & Officers

Name Title Year Born
Mr. James David Dondero CFA, CPA Chairman, President & CEO 1963
Mr. Paul Richards Executive VP of Finance, CFO, Assistant Secretary & Treasurer 1989
Mr. Matthew Ryan McGraner J.D. Executive VP & Chief Investment Officer 1984
Mr. Will Mabry Chief Accounting Officer 1987
Kristen Thomas Director of Investor Relations NA
Mr. Dennis Charles Sauter Jr. General Counsel & Secretary 1975

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Dec 18, 2025 Brian Mitts N/A Sale 11.90K $14.51 $172.73K
Sep 22, 2025 James D Dondero N/A Purchase 66.00K $14.33 $945.78K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS 9.44M Mar 31, 2026 50.08% $8.53 0.00%
BlackRock Inc 594.00K Mar 31, 2026 3.15% $0.00 -5.02%
Vanguard Capital Management, LLC 309.48K Mar 31, 2026 1.64% $0.00 0.00%
Independent Financial Group, LLC 276.60K Mar 31, 2026 1.47% $0.08 16.15%
Morgan Stanley - Brokerage Accounts 191.75K Mar 31, 2026 1.02% $0.00 -1.30%
Geode Capital Management, LLC 179.25K Mar 31, 2026 0.95% $0.00 2.93%
State Street Corp 175.56K Mar 31, 2026 0.93% $0.00 2.82%
O'Shaughnessy Asset Management LLC 155.72K Mar 31, 2026 0.83% $0.01 -1.26%
Copley Financial Group, Inc. 110.51K Mar 31, 2026 0.59% $0.90 -10.38%
Comprehensive Portfolio Management, LLC 104.62K Jun 30, 2026 0.56% $0.02 -7.08%
Penserra Capital Management, LLC 83.37K Mar 31, 2026 0.44% $0.01 2.91%
1776 Wealth LLC 72.40K Jun 30, 2026 0.38% $0.40 0.00%
The Goldman Sachs Group Inc 71.56K Mar 31, 2026 0.38% $0.00 -20.02%
Wedbush Morgan Securities Inc 62.48K Mar 31, 2026 0.33% $0.02 -8.08%
Northern Trust Corp 49.80K Mar 31, 2026 0.26% $0.00 -5.11%
LPL Financial Corp 45.51K Mar 31, 2026 0.24% $0.00 2.19%
Vanguard Fiduciary Trust Co 40.52K Mar 31, 2026 0.22% $0.00 0.00%
Vanguard Portfolio Management, LLC 38.74K Mar 31, 2026 0.21% $0.00 0.00%
Jacobs Levy Equity Management, Inc. 36.99K Mar 31, 2026 0.20% $0.00 0.00%
Cetera Investment Advisers 36.56K Mar 31, 2026 0.19% $0.00 83.20%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Highland Global Allocation A 901.39K 4.78% ▲ 0.00% Jul 31, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 260.10K 1.38% ▲ 0.00% Jul 31, 2026
3 iShares Russell 2000 ETF 235.24K 1.25% ▼ 0.56% Aug 31, 2026
4 NexPoint Real Estate Strategies Z 137.52K 0.73% ▼ 51.20% Jun 30, 2026
5 iShares Mortgage Real Estate Capped ETF 89.21K 0.47% ▲ 0.00% Aug 31, 2026
6 Hoya Capital High Dividend Yield ETF 88.32K 0.47% ▲ 0.00% Aug 31, 2026
7 Fidelity Small Cap Index 85.25K 0.45% ▲ 15.11% Jun 30, 2026
8 Vanguard Institutional Extnd Mkt Idx Tr 77.23K 0.41% ▲ 0.00% Jul 31, 2026
9 iShares Russell 2000 Value ETF 75.12K 0.40% ▼ 0.23% Aug 31, 2026
10 BSF Systematic US Eq Abs Ret A2 USD 65.82K 0.35% ▲ 0.00% Dec 31, 2025

Financial Highlights

Market Cap: $396.65M
P/E Ratio: $7.49
Book Value: $20.14
Dividend/Share: $2.00
Dividend Yield: 11.40%
Earnings/Share: $2.30
Profit Margin: 66.61%
Operating Margin: 63.29%
ROA (TTM): 2.13%
ROE (TTM): 14.87%
Revenue (TTM): $151.30M
Revenue/Share (TTM): $8.30
Earnings Growth (YOY): -46.80%
Revenue Growth (YOY): -13.70%

Valuation Metrics

Enterprise Value: $5.28B
Trailing P/E: 7.49
Forward P/E: 0.00

Shares Statistics

Shares Outstanding: 18.85M
Shares Float: 11.38M
% Insiders: 8.95%
% Institutions: 71.08%
Short % Float: 4.64%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$126.13M
Cost of Goods Sold
adjust
$-14.03M
Gross Profit
subtotal
$112.10M
SG&A
adjust
$-12.65M
Other Operating Expense
adjust
$-38.88M
Operating Income
subtotal
$163.63M
Other / Non-Operating Items
adjust
$-58.53M
Net Income
subtotal
$105.10M

Earnings Per Share (EPS) History

Financial Ratios

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