Saturday 17 October 2026 Export NREF’s income statement to Excel — free account

NexPoint Real Estate Finance, Inc.

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

Alert me

Market cap: $288.9M
P/E: 6.5×
Fwd P/E: 10.9×
Dividend yield: 13.0%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.17

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	—	—	—	—	—	—

Insider Ownership 9.04%

Capital & Financial Ratios $m

Market Cap 288.94

Revenue 94.98

Net Income 114.84

Free Cash Flow 4.68

Net Debt 539.71

Current Ratio 163.94

Debt/Equity 1.79

P/E ratio 6.51

Fwd P/E 10.90

P/S ratio 3.06

P/B ratio 0.77

Past 5Y EPS Growth (1.79%)

This Y EPS Growth (6.56%)

Next Y EPS Growth 1.36%

Next Y revenue growth (30.00%)

Next 5Y EPS Growth 2.97%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 51.43%

10-year low 10-year high

P/S against its own 10 years 43.57%

10-year low 10-year high

P/B against its own 10 years 60.51%

10-year low 10-year high

EV/Sales against its own 10 years 21.92%

10-year low 10-year high

EV/FCF against its own 10 years 95.12%

10-year low 10-year high

Dividends

Payout Ratio 0.84

Annual Dividend Rate 2.00

Annual Dividend Yield 12.97%

	total	individual payouts
2027	Powerpack
2026	2.00	0.50 0.50 0.50
2025	2.00	0.50 0.50 0.50 0.50
2024	2.00	0.50 0.50 0.50 0.50
2023	1.00	0.50 0.19 0.19 0.50
2022	2.00	0.50 0.50 0.50 0.50
2021	1.90	0.48 0.48 0.48 0.48
2020	1.42	0.22 0.40 0.40 0.40
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	17	7	34	138
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	6,738	5,111	4,762	4,762

	2023	2024	2025	Q'26
Payables	6	9	14	16
ST’ Debt	—	—	—	—
Other	—	—	—	—
	15	19	27	29

Compound Annual Growth %

	10y	5y	3y
Sales	—	18.20%	4.87%
Cash Flow	—	(6.98%)	(29.64%)
Earnings	—	46.80%	186.03%
Book Value	—	24.78%	(4.72%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	24	25	—	—	—
’25	22	23	23	22	90
’24	—	18	24	32	73
’23	16	17	18	17	68
’22	31	16	15	16	78
’21	13	13	14	16	56

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	9	(6)	—	—	—
’25	16	3	8	(5)	23
’24	18	(8)	15	4	29
’23	15	8	6	3	32
’22	38	13	8	7	66
’21	9	14	14	12	49

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	9	(7)	—	—	—
’25	16	3	8	(5)	23
’24	17	(8)	14	4	28
’23	15	8	6	3	31
’22	38	13	8	7	66
’21	9	14	14	12	49

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.42	0.29	—	—	—
’25	0.70	0.54	1.14	0.52	1.59
’24	(0.59)	0.40	0.74	0.43	0.74
’23	0.37	0.36	(0.82)	0.74	0.57
’22	0.81	0.34	(0.54)	(0.16)	0.51
’21	1.26	0.58	1.17	0.92	3.93

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
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.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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%

All 37 Reit Mortgage stocks →

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.

Source: company filings (standardised) and stockrow calculations.