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StockVS

NYSE · REIT - Mortgage · USD

NexPoint Real Estate Finance, Inc. (NREF) Stock Analysis

NexPoint Real Estate Finance, Inc. (NREF) is a REIT - Mortgage stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

NREF

$15.23

−$0.27 (−1.74%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NREF Key Statistics

As of Oct 21, 2026
Trading
Open
$15.48
Previous Close
$15.50
Day's Range
15.16–15.58
52-Week Range
12.36–18.43
Volume
32.49K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.14
Valuation
Market Cap
$350.81M
P/E Ratio
6.65
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
8.79
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.32
EPS (ttm)Profit attributable to each share over the last twelve months.
2.29
Financials (FY)
Revenue (FY)
$175.45M+500.85%
Net Income (FY)
$105.10M+260.02%
Profit marginThe share of revenue left as profit after all costs and taxes.
66.61%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
18.85M
1-Year Return
+26.22%
Dividend and dates
Dividend
$2.00+12.90%
Ex-Dividend Date
September 15, 2026
Earnings Date
November 5, 2026
Avg Volume
56.78K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NREF closed at $15.23, +26.22% over 1 year.

NexPoint Real Estate Finance, Inc. (NREF) has a market capitalization of $350.81M.

In fiscal 2025, NREF reported revenue of $175.45M.

NREF Stock Return by Calendar Year

NexPoint Real Estate Finance, Inc. (NREF) return since Feb 2020: what $10,000 became

1 year
$10,000 $12,622
+26.22%
5 years
$10,000 $13,497
+34.97%
Since Feb 2020
$10,000 $17,850
+78.50%

If you had invested $10,000 in NexPoint Real Estate Finance, Inc. (NREF) at the close on February 7, 2020, the earliest close on record here, it would have been worth $17,850 at the close on October 21, 2026: +78.50% in total, +9.03% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+15.77%
2025+2.28%
2024+13.51%
2023+17.36%
2022−8.90%
2021+27.81%
2020 (partial year)−2.80%

As of October 21, 2026.

NREF Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$175.45M$105.10M59.9%
2024$29.20M$29.19M100.0%
2023$1.41M$13.98M991.8%
2022$13.52M$6.75M49.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$175.45M——$105.10M59.9%
2024$29.20M——$29.19M100.0%
2023$1.41M——$13.98M991.8%
2022$13.52M——$6.75M49.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NREF Dividend History

$2.00+0.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.503—
2025$2.004+0.0%
2024$2.004−27.0%
2023$2.744+37.0%
YearDividends per sharePaymentsChange
2026 (partial year)$1.503—
2025$2.004+0.0%
2024$2.004−27.0%
2023$2.744+37.0%
2022$2.004+5.3%
2021$1.904+33.8%
2020$1.424—

Most recent payment: $0.50 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NREF Valuation vs REIT - Mortgage Median

Median of 38 stocks
MetricNREFREIT - Mortgage medianvs median
P/E6.657.5612% below
P/S ratio2.323.7037% below
Profit margin66.61%38.64%28.0 pts above

Medians across 38 REIT - Mortgage stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 10 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

NexPoint Real Estate Finance, Inc. (NREF) carries a market capitalisation of $350.81M. It is classified in the REIT - Mortgage industry, within the Real Estate sector.

NREF last closed at $15.23 on October 21, 2026. That is −$0.27 (−1.74%) against the previous close. Over the past 52 weeks the price has ranged from $12.36 to $18.43. The latest close sits 23.22% above that 52-week low.

Financial Health

In fiscal 2025, NexPoint Real Estate Finance, Inc. reported revenue of $175.45M. That is +500.85% against the prior fiscal year, when revenue was $29.20M. Net income for the same year was $105.10M. That is +260.02% against the prior fiscal year. Profit margin runs at 66.61%. That is 28 percentage points above the REIT - Mortgage median of 38.64%. Trailing earnings per share are 2.29.

Across the 4 fiscal years on file, revenue moves from $13.52M in 2022 to $175.45M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 6.65 times earnings. That is 12.1% below the REIT - Mortgage median of 7.56. The forward P/E on file is 8.79. The price-to-sales ratio is 2.32. On price-to-sales that is 37.25% below the REIT - Mortgage median of 3.7. The medians here are taken across 38 REIT - Mortgage companies that report the metric.

Over the trailing twelve months the total return is +26.22%. Across 5 years the annualized return works out at +6.18%. The reported beta is 1.14. Daily returns over the trailing 6 years annualize to a volatility of 33.21%.

Growth & Income

Shareholders receive a dividend, yielding 12.9% on the latest price. That is 3.5 percentage points below the REIT - Mortgage median yield of 16.4%. The indicated annual rate is $2.00 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 7 calendar years; 2026 shows 3 payments totalling $1.50 a share. The year before, 2025, totalled $2.00 a share.

The strongest complete calendar year on file is 2021 at +27.81%; the weakest is 2022 at −8.90%. Of the 5 complete calendar years on file, 4 finished higher. So far in 2026 the total return is +15.77%.

Peer Comparison

NexPoint Real Estate Finance, Inc. (NREF) operates in the REIT - Mortgage industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
NexPoint Real Estate Finance, Inc. NREF $350.81M 6.7
Annaly Capital Management, Inc. NLY $13.57B 4.4
AGNC Investment Corp. AGNC $10.41B —
Rithm Capital Corp. RITM $4.77B 14.3

The REIT - Mortgage industry average P/E ratio is 7.6x. NexPoint Real Estate Finance, Inc. trades at a P/E of 6.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About NexPoint Real Estate Finance, Inc.

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.

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