NexPoint Real Estate Finance, Inc. | REIT Profile
Symbol: NREF
CIK: 1786248
Exchange: NYSE
HQ: Dallas, TX, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Residential, Self Storage, Hotel
Externally Managed REIT
See NREF on Yahoo Finance
See NREF on SEC.gov
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NexPoint Real Estate Finance, Inc. is an externally managed commercial mortgage real estate investment trust, with its shares of common stock listed on the New York Stock Exchange under the symbol “NREF.” The company is primarily focused on investments in real estate sectors where its senior management team has operating expertise, including in the multifamily, single-family rental, self-storage, life science, hospitality and office sectors predominantly in the top 50 metropolitan statistical areas. The company targets lending or investing in properties that are stabilized or have a “light transitional” business plan, meaning a property that requires limited deferred funding to support leasing or ramp-up of operations and for which most capital expenditures are for value-add improvements. NREF is externally managed by NexPoint Real Estate Advisors VII, L.P. (the “Manager”), a subsidiary of NexPoint Advisors, L.P. (the “Sponsor”).
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $14.21 | $14.29 | $13.67 | $13.67 | $13.64 | 30,998 | $0.57 | 4.18% |
Last update: 2025-04-29 12:58:42 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2025-04-29
Annualized Dividend: $2*
Dividend Yield (TTM): 14.1%
Annualized Dividend (TTM): $2
Ex-Dividend Date: 2025-03-14
Dividend Date: 2025-03-31
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- NexPoint Real Estate Finance - NexPoint Real Estate Finance, Inc. Announces Record Date and Date of 2025 Annual Meeting of Stockholders - Fri, 14 Mar 2025 22:00:30 UTC
- NexPoint Real Estate Finance - NREF Announces Fourth Quarter 2024 Results, Provides First Quarter 2025 Guidance - Thu, 27 Feb 2025 13:15:27 UTC
- NexPoint Real Estate Finance - NexPoint Real Estate Finance, Inc. Announces Quarterly Dividend - Wed, 26 Feb 2025 23:00:35 UTC
- NexPoint Real Estate Finance - NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend - Wed, 26 Feb 2025 23:00:34 UTC
- NexPoint Real Estate Finance - NexPoint Real Estate Finance Announces 2024 Dividend Income Tax Treatment - Fri, 07 Feb 2025 22:00:29 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for NREF.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2024 | Q4 | CAD | $--- | $--- | ---% |
| 2024 | Q4 | EAD | $--- | $--- | ---% |
| 2024 | Q3 | EAD | $--- | $--- | ---% |
| 2024 | Q3 | CAD | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day 2025-04-29
EBITDA: N/A
P/E Ratio: 13.93
PEG Ratio: N/A
Book Value: 19.08
Dividend Per Share: $2.00
EPS: 1.02
Revenue Per Share TTM: $4.20
ProfitMargin: 39.90%
Operating Margin TTM: 63.00%
Return on Equity TTM: 7.10%
Revenue TTM: $73,091,000
Gross Profit TTM: $71,506,000
Diluted EPS TTM: $1.02
Quarterly Earnings Growth YOY: -57.50%
Quarterly Revenue Growth YOY: -0.30%
Trailing P/E: 13.93
Forward P/E: N/A
Beta: 1.38
Price to Book Ratio: 0.75
EV to Revenue: 165.48
EV to EBITDA: N/A
Shares Outstanding: 17,643,500
52 Week High: $17.03
52 Week Low: $11.25
50 Day Moving Average: $15.07
200 Day Moving Average: $15.46
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $20.85 per share you would have been able to buy 47 shares of NREF on 2024-04-29 costing $979.95 | @ $20.85 per share you would have been able to buy 23 shares of NREF on 2024-04-29 costing $479.55 | @ $20.85 per share you would have been able to buy 11 shares of NREF on 2024-04-29 costing $229.35 | @ $20.85 per share you would have been able to buy 4 shares of NREF on 2024-04-29 costing $83.40 | @ $20.85 per share you would have been able to buy 2 shares of NREF on 2024-04-29 costing $41.70 |
| Current worth | On 2024-07-05 these 47 shares would be worth $621.81 @ $13.23 | On 2024-07-05 these 23 shares would be worth $304.29 @ $13.23 | On 2024-07-05 these 11 shares would be worth $145.53 @ $13.23 | On 2024-07-05 these 4 shares would be worth $52.92 @ $13.23 | On 2024-07-05 these 2 shares would be worth $26.46 @ $13.23 |
| Dividends earned | $94.00 in dividends would have been earned since 2024-04-29 with 47 shares. | $46 in dividends would have been earned since 2024-04-29 with 23 shares. | $22.00 in dividends would have been earned since 2024-04-29 with 11 shares. | $8.00 in dividends would have been earned since 2024-04-29 with 4 shares. | $4.00 in dividends would have been earned since 2024-04-29 with 23 shares. |
| Net (gain / loss)* | -264.14 USD | -129.26 USD | -61.82 USD | -22.48 USD | -11.24 USD |
| ROI** | -26.95% | -26.95% | -26.95% | -26.95% | -26.95% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by NREF. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| NREF | 2025-03-14 | 0.500 | --- | 2025-02-26 | 2025-03-14 | 2025-03-31 |
| NREF | 2024-12-13 | 0.500 | --- | 2024-10-29 | 2024-12-13 | 2024-12-31 |
| NREF | 2024-09-13 | 0.500 | --- | 2024-07-31 | 2024-09-13 | 2024-09-30 |
| NREF | 2024-06-14 | 0.500 | --- | 2024-05-02 | 2024-06-14 | 2024-06-28 |
| NREF | 2024-03-14 | 0.500 | -27.01% | 2024-02-29 | 2024-03-15 | 2024-03-28 |
| NREF | 2023-12-14 | 0.685 | --- | 2023-10-31 | 2023-12-15 | 2023-12-29 |
| NREF | 2023-09-14 | 0.685 | --- | 2023-07-25 | 2023-09-15 | 2023-09-29 |
| NREF | 2023-06-14 | 0.685 | --- | 2023-04-26 | 2023-06-15 | 2023-06-30 |
| NREF | 2023-03-14 | 0.685 | 37.00% | 2023-02-23 | 2023-03-15 | 2023-03-31 |
| NREF | 2022-12-14 | 0.500 | --- | 2022-10-25 | 2022-12-15 | 2022-12-30 |
| NREF | 2022-09-14 | 0.500 | --- | 2022-07-28 | 2022-09-15 | 2022-09-30 |
| NREF | 2022-06-14 | 0.500 | --- | 2022-04-28 | 2022-06-15 | 2022-06-30 |
| NREF | 2022-03-14 | 0.500 | 5.26% | 2022-02-17 | 2022-03-15 | 2022-03-31 |
| NREF | 2021-12-14 | 0.475 | --- | 2021-11-04 | 2021-12-15 | 2021-12-30 |
| NREF | 2021-09-14 | 0.475 | --- | 2021-07-29 | 2021-09-15 | 2021-09-30 |
| NREF | 2021-06-14 | 0.475 | --- | 2021-04-29 | 2021-06-15 | 2021-06-30 |
| NREF | 2021-03-12 | 0.475 | 18.75% | 2021-02-18 | 2021-03-15 | 2021-03-31 |
| NREF | 2020-12-14 | 0.400 | --- | 2020-10-29 | 2020-12-15 | 2020-12-31 |
| NREF | 2020-09-14 | 0.400 | --- | 2020-08-06 | 2020-09-15 | 2020-09-30 |
| NREF | 2020-06-12 | 0.400 | 81.98% | 2020-05-06 | 2020-06-15 | 2020-06-30 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
| Assets | 2024-12-31 | 2024-09-30 | QoQ |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents at Carrying Value | 3,877,000 | 34,707,000 | |
| Short-Term Investments | 0 | -4,000,000 | |
| Cash and Short Term Investments | 3,877,000 | 34,707,000 | |
| Current Net Receivables | 0 | 0 | |
| Inventory | 0 | 0 | |
| Other Current Assets | -41,208,000 | -71,463,000 | |
| Total Current Assets | 3,877,000 | 67,463,000 | -94.3% |
| Non-Current Assets | |||
| Property Plant Equipment | 0 | 0 | |
| Accumulated Depreciation Amortization PPE | 0 | 0 | |
| Long-Term Investments | 77,842,000 | 116,677,000 | |
| Investments | 0 | 0 | |
| Intangible Assets Excluding Goodwill | 0 | 0 | |
| Goodwill | 0 | 0 | |
| Intangible Assets | 0 | 0 | |
| Other Non-Current Assets | 0 | 0 | |
| Total Non-Current Assets | 5,412,196,000 | 116,677,000 | 4,538.6% |
| Total Assets | 5,416,073,000 | 5,685,839,000 | -4.7% |
| Liabilities | |||
| Current Liabilities | |||
| Current Accounts Payable | 0 | 0 | |
| Deferred Revenue | 0 | 0 | |
| Current Debt | 0 | 0 | |
| Short-Term Debt | 0 | 239,003,000 | |
| Current Long-Term Debt | 0 | 0 | |
| Short Long-Term Debt Total | 4,581,448,000 | 4,894,856,000 | |
| Other Current Liabilities | -10,020,000 | -10,895,000 | |
| Total Current Liabilities | 0 | 10,895,000 | -100.0% |
| Non-Current Liabilities | |||
| Long-Term Debt Noncurrent | 0 | 0 | |
| Long-Term Debt | 4,581,448,000 | 4,894,856,000 | |
| Capital Lease Obligations | 0 | 0 | |
| Other Non-Current Liabilities | 0 | 0 | |
| Total Non-Current Liabilities | 0 | 0 | |
| Total Liabilities | 4,993,425,000 | 5,153,068,000 | -3.1% |
| Shareholders' Equity | |||
| Common Stock | 174,000 | 174,000 | |
| Common Stock Shares Outstanding | 33,535,000 | 30,468,000 | |
| Treasury Stock | 0 | 0 | |
| Retained Earnings | -54,948,000 | -54,134,000 | |
| Total Shareholder Equity | 333,134,000 | 335,844,000 | -0.8% |
Amounts in USD ($)
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
| 2024-12-31 | 2024-09-30 | QoQ | |
|---|---|---|---|
| Total Revenue | 9,885,000 | 42,218,000 | -76.6% |
| - Cost of Revenue | 0 | 150,000 | |
| - Cost of Goods and Services Sold | 0 | 150,000 | |
| = Gross Profit | 9,885,000 | 42,068,000 | -76.5% |
| - Research and Development | 0 | 0 | |
| - Selling General and Administrative | 3,285,000 | 98,000 | |
| - Depreciation | 0 | 0 | |
| - Depreciation and Amortization | 1,114,000 | 1,099,000 | |
| - Operating Expenses | 9,885,000 | 503,000 | |
| = Operating Income | 0 | 41,565,000 | -100.0% |
| EBIT (Earnings Before Interest and Tax) | 0 | 1,536,000 | |
| + Investment Income Net | 0 | 0 | |
| + Net Interest Income | 21,692,000 | 12,518,000 | |
| - Interest Income | 32,289,000 | 23,559,000 | |
| - Interest Expense | 10,597,000 | 11,041,000 | |
| - Interest and Debt Expense | 0 | 0 | |
| + Non Interest Income | 0 | 0 | |
| + Other Non Operating Income | 0 | 0 | |
| = Income Before Tax | 15,156,000 | 23,333,000 | -35.0% |
| - Income Tax Expense | 0 | 3,940,000 | |
| = Net Income from Continuing Operations | 15,156,000 | 23,333,000 | |
| = Net Income | 12,708,000 | 19,393,000 | -34.5% |
| Comprehensive Income Net of Tax | 0 | 0 | |
| EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) | 0 | 2,635,000 |
Amounts in USD ($)
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
| Cash Flow | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 |
|---|---|---|---|---|
| Net Income | -14,286,000 | 13,635,000 | -15,550,000 | 5,747,000 |
| Depreciation | 2,318,000 | 1,035,000 | 476,000 | 478,000 |
| Changes in Receivables | 0 | 0 | 0 | 0 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 13,483,000 | 13,824,000 | 10,977,000 | 19,657,000 |
| Cash Flow | 17,711,000 | 3,128,000 | 5,953,000 | 7,525,000 |
| Capital Expenditures | -253,000 | -22,000 | -426,000 | -20,000 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Activity (Other) | 0 | 0 | 0 | 0 |
| Total Investing Cash Flows | 545,411,000 | 101,857,000 | 208,107,000 | 364,646,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Net Borrowings | -451,908,000 | -443,495,000 | -434,773,000 | -459,235,000 |
| Cash Flow Financing | -560,484,000 | -101,255,000 | -222,720,000 | -390,917,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
Amounts in USD ($)
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 5 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.9 |
| 5 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 8.0 |
| 5 | Dividend to EAD Payout Ratio Health: Analysis of the REIT’s Dividend to EAD Payout Ratios during the last four quarters. | 9.0 |
| 8 | Dividend to EAD Payout Ratio Trend: Analysis of the REIT’s Dividend to EAD Payout Ratios trend during the last two years. | 7.5 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 7 | EAD Trend: Analysis of the REIT’s EAD trend during the last two years. | 8.7 |
| 10 | EAD to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| Rating | Leverage Section | Avg. Rating |
| Rating | Asset & Revenue Section | Avg. Rating |
| Rating | Properties Section | Avg. Rating |
| Rating | Market Cap Section | Avg. Rating |
| 8 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.2 |
| 6.5 | Overall REITRating™ Score (See trend) | 6.3 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
Last updated: 2025-04-29 - v6.0