Saturday 17 October 2026
Export NREF’s income statement to Excel — free account
NexPoint Real Estate Finance, Inc.
NREF Real Estate Reit Mortgage
In the quarter to June 2026, revenue grew 11.5%, EPS fell 46.3%, free cash flow fell 364.0% and total debt rose 23.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
15.42
0.09
+0.59%
Follow NREF
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 6.34 | 15.61 | 14.16 | 12.53 | 12.63 | 12.14 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | — | — | 20.47 | 23.97 | 25.98 | 19.95 | 18.09 | 16.80 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 1 | 1 | — | — | 1 | 1 | — | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 38.98 | 0.00 | 0.00 | 68.36 | 72.51 | 0.00 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 39 | 56 | 78 | 68 | 73 | 90 | ||||
| Gross margin, % | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | — | — | — | — | 34 | 83 | 14 | 19 | 36 | 123 | |||||
| EBT margin, % | — | — | — | — | 87.66 | 149.52 | 18.23 | 27.41 | 49.60 | 136.91 | |||||
| Net income | — | — | — | 0 | 34 | 83 | 14 | 19 | 36 | 123 | |||||
| Depreciation | — | — | — | — | 5 | 7 | 10 | 4 | 15 | 3 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 7.49 | 8.46 | 5.31 | 3.97 | 4.17 | 5.09 | ||||
| Earnings | — | — | — | — | 1.74 | 3.93 | 0.51 | 0.57 | 0.74 | 1.59 | |||||
| Cash flow | — | — | — | — | 6.32 | 7.47 | 4.48 | 1.83 | 1.68 | 1.30 | |||||
| Capex | — | — | — | — | 0.00 | 0.00 | (0.01) | (0.03) | (0.05) | 0.00 | |||||
| Free cash flow | — | — | — | — | 6.32 | 7.47 | 4.47 | 1.80 | 1.63 | 1.30 | |||||
| Book value | — | — | — | — | 24.63 | 37.16 | 30.54 | 20.20 | 19.34 | 21.95 | |||||
| Shares, m | — | — | — | — | 5 | 7 | 15 | 17 | 17 | 18 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 10.20 | 4.11 | 28.74 | 25.12 | 21.20 | 4.86 | ||||
| P/S | — | — | — | — | 2.21 | 2.28 | 3.08 | 4.11 | 3.77 | 2.77 | |||||
| P/B | — | — | — | — | 0.67 | 0.52 | 0.54 | 0.81 | 0.81 | 0.64 | |||||
| EV/Sales | — | — | — | — | 23.81 | 19.36 | 15.83 | 17.98 | 11.28 | 8.07 | |||||
| EV/FCF | — | — | — | — | 28.20 | 21.92 | 18.79 | 39.60 | 28.83 | 32.87 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 33 | 49 | 66 | 32 | 29 | 23 | ||||
| Capex | — | — | — | — | — | — | 0 | (1) | (1) | — | |||||
| Free cash flow | — | — | — | — | 33 | 49 | 66 | 31 | 28 | 23 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 6,083 | 8,307 | 7,741 | 6,723 | 5,092 | 4,735 | ||||
| Total debt | — | — | — | — | 875 | 987 | 1,014 | 965 | 552 | 511 | |||||
| Net debt | — | — | — | — | 842 | 953 | 994 | 948 | 545 | 477 | |||||
| Shareholders’ equity | — | — | — | — | 128 | 245 | 449 | 347 | 336 | 388 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 0.36 | 0.54 | 0.04 | 0.14 | 0.28 | 1.41 | ||||
| ROIC | — | — | — | — | 0.54 | 0.63 | 0.50 | (0.32) | (0.60) | 0.97 | |||||
| ROE | — | — | — | — | 6.07 | 21.19 | 0.93 | 2.61 | 5.17 | 20.89 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
NexPoint Real Estate Finance, Inc. vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BRSP BrightSpire Capital, Inc. | $479.5M | — (loss-making) | 25.0× | −9.80% (below 0%: shrinking) | n/m | +150.31% (above 0%: growing) | 61.99% | (40.13%) | Compare |
| TRTX TPG RE Finance Trust, Inc. | $454.5M | 10.7× | 10.5× | −6.05% (below 0%: shrinking) | −42.86% (below 0%: shrinking) | −70.48% (below 0%: shrinking) | 100.00% | 49.39% | Compare |
| RWT Redwood Trust, Inc. | $390.7M | — (loss-making) | 8.4× | +35.48% (above 0%: growing) | n/m | −77.33% (below 0%: shrinking) | 8.33% | (1.59%) | Compare |
| KREF KKR Real Estate Finance Trust | $352.3M | — (loss-making) | — (loss-making) | −41.60% (below 0%: shrinking) | n/m | −137.85% (below 0%: shrinking) | 100.00% | (560.14%) | Compare |
| NREF NexPoint Real Estate Finance, Inc. | $288.9M | 6.5× | 10.9× | +11.50% (above 0%: growing) | −46.30% (below 0%: shrinking) | −363.98% (below 0%: shrinking) | 100.00% | 25.54% | |
| REFI Chicago Atlantic Real Estate Finance, Inc. | $240.6M | 6.7× | 7.0× | −11.02% (below 0%: shrinking) | −16.67% (below 0%: shrinking) | +40.10% (above 0%: growing) | 100.00% | 59.97% | Compare |
| ACRE Ares Commercial Real Estate Corporation | $198.6M | — (loss-making) | 103× | +14.25% (above 0%: growing) | n/m | +1,481.15% (above 0%: growing) | 100.00% | 37.52% | Compare |
| RC Ready Capital Corp | $185.0M | — (loss-making) | — (loss-making) | −49.32% (below 0%: shrinking) | n/m | +231.22% (above 0%: growing) | 100.00% | 101.65% | Compare |
| MITT TPG Mortgage Investment Trust Inc. | $176.2M | 7.2× | 11.8× | +11.99% (above 0%: growing) | n/m | +110.45% (above 0%: growing) | 100.00% | 100.45% | Compare |
| Median of peers | $296.4M | 7.2× | 11.2× | −7.92% | — | +75.28% | 100.00% | 43.46% |
NexPoint Real Estate Finance, Inc. (NREF) key facts
- NexPoint Real Estate Finance, Inc. (NREF) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
- As of October 16, 2026, NREF traded at $15.42, a market capitalization of $288.9 million.
- NexPoint Real Estate Finance, Inc. pays an annual dividend of $2.00 per share, a yield of 13.0%, with a payout ratio of 84.4%.
- Return on equity was 20.9% and debt-to-equity 1.79.
- Its Piotroski F-score is 4 out of 9 for fiscal 2025.