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as of 11-13-2026 3:28pm EST
NexPoint Real Estate Finance Inc is a commercial mortgage REIT focused on generating attractive, risk-adjusted returns for shareholders over the long term. The company invests mainly in first-lien mortgage loans, mezzanine loans, preferred equity, multifamily properties, and common equity investments, as well as multifamily and single-family rental CMBS securitizations, promissory notes, revolving credit facilities, and stock warrants. It focuses on real estate sectors where its management has operating expertise, including multifamily, single-family rental, self-storage, industrial, and life sciences, mainly in top metropolitan areas.
| Founded: | 2019 | Country: | United States |
| Employees: | 1 | City: | DALLAS |
| Market Cap: | 298.0M | IPO Year: | N/A |
| Target Price: | $14.50 | AVG Volume (30 days): | 60.2K |
| Analyst Decision: | Hold | Number of Analysts: | 3 |
| Dividend Yield: | Dividend Payout Frequency: | N/A | |
| EPS: | N/A | EPS Growth: | N/A |
| 52 Week Low/High: | $12.60 - $18.43 | Next Earning Date: | 11-05-2026 |
| Revenue: | N/A | Revenue Growth: | N/A |
| Revenue Growth (this year): | -58.85% | Revenue Growth (next year): | 4.05% |
| P/E Ratio: | 4.78 | Index: | |
| Free Cash Flow: | N/A | FCF Growth: | N/A |
Earnings Transcripts
SEC 8-K filings with transcript text
2026 Q3 Q3 2026 Earnings
8-K BUY Nov 5, 2026 · 61% conf.
Q3 2026 Earnings
8-K BUYNov 5, 2026 · 61% conf.
1D
+1.53%
$14.86
Act: -1.77%
5D
+2.79%
$15.05
20D
+5.81%
$15.49
EX-99.1
2 nref-ex99_1.htm
EX-99.1
EX-99.1
EXHIBIT 99.1
Contact:
Kristen Griffith
Investor Relations
IR@nexpoint.com
Media: Comms@nexpoint.com
NREF Announces Third Quarter 2026 Results, Provides Fourth Quarter 2026 Guidance
Dallas, TX, November 5, 2026 – NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended September 30, 2026.
NREF reported net loss attributable to common stockholders of $12.2 million, or $0.65 per diluted share1, for the three months ended September 30, 2026.
NREF reported cash available for distribution2 of $14.0 million, or $0.60 per diluted common share2, for the three months ended September 30, 2026.
“Our third quarter results reflect the consistency of the strategy we’ve outlined for investors: earnings that covered our dividend and a portfolio focused on sectors with durable demand. While many lenders continue to work through legacy credit issues, our disciplined underwriting allows us to stay selective and deploy capital where we see the best risk-adjusted opportunities, supporting stable income, portfolio growth, and long-term value for our shareholders,” said Matthew McGraner, Chief Investment Officer.
Third Quarter 2026 Highlights
• Outstanding total portfolio of $1.0 billion, composed of 83 investments3
• Life sciences, multifamily, Single-family rental (“SFR”), self-storage, industrial, and marinas represent 40.7%, 38.3%, 14.0%, 4.6%, 2.2% and 0.2% of the Company’s investment portfolio, respectively as of September 30, 2026
• Weighted-average loan to value (“LTV”)4 and debt service coverage ratio (“DSCR”) on our senior loans, CMBS, CMBS I/O strips, preferred equity, promissory notes and mezzanine investments are 64.7% and 1.39x3, respectively
• During the quarter, the Company funded $8.4MM on a loan that pays a monthly coupon of SOFR + 900 bps.
• The Company funded $4.0MM on a preferred equity investment that pays a preferred monthly return of 14.0%.
• The Company funded $2.2MM on a preferred equity investment that pays a preferred monthly return of 13.0%.
• During the quarter, the Company raised $27.9MM in gross proceeds from the Series C preferred stock offering.
• On October 26, 2026 NREF announced a fourth quarter dividend of $0.50 per common share.
1 Weighted-average shares outstanding - diluted assumes vesting of all outstanding unvested restricted stock units and the conversion of all redeemable non-controlling interests.
2 Earnings available for distribution (“EAD”), cash available for distribution (“CAD”) and adjusted weighted average common shares outstanding - diluted are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of these non-GAAP measures, see the “Reconciliations of Non-GAAP Financial Measures” and “Non-GAAP Financial Measures” sections of this release.
3 As of September 30, 2026; and excluding the common stock, preferred stock and stock warrants, revolving credit facility investments and the Alexander at the District, Ridgeview Place and Mag & May multifamily properties. CMBS B-Pieces reflected on an unconsolidated basis.
4 Loan to value is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the date of the most recent as-is appraised value. For our CMBS B-Pieces, LTV is based on the weighted-average LTV of the underlying loan pool.
5 Net income attributable to common stockholders in 4Q 2026 is estimated to be between $6.8 million and $9.2 million. See reconciliations below.
EXHIBIT 99.1
Looking Ahead: Fourth Quarter 2026 Guidance
Earnings Available for Distribution2
• 4Q 2026 EAD per diluted common share guidance is $0.425 at the midpoint
Low
Mid
High
For the Three Months Ended
December 31, 2026
December 31, 2026
December 31, 2026
Net income
$
18,352
$
19,586
$
20,761
Net (income) loss attributable to Series A preferred stockholders
(874
)
(874
)
(874
)
Net (income) loss attributable to Series B preferred stockholders
(8,984
)
(8,984
)
(8,984
)
Net (income) loss attributable to Series C preferred stockholders
(1,669
)
(1,669
)
(1,669
)
Net income attributable to common stockholders
6,825
8,059
9,234
Adjustments:
Amortization of stock-based compensation
1,763
1,763
1,763
EAD
$
8,588
$
9,822
$
10,997
Weighted average common shares outstanding - basic
18,848
18,848
18,848
Weighted average common shares outstanding - diluted
55,750
55,750
55,750
Shares attributable to potential redemption of Series B preferred
(27,016
)
(27,016
)
(27,016
)
Shares attributable to potential redemption of Series C preferred
(5,285
)
(5,285
)
(5,285
)
Adjusted weighted average common shares outstanding - diluted1
23,449
23,449
23,449
EPS per Weighted Average Share - diluted
$
0.31
$
0.34
$
0.36
EAD per diluted common share1
$
0
2026 Q2 Q2 2026 Earnings
8-K BUY Aug 6, 2026 · 100% conf.
Q2 2026 Earnings
8-K BUYAug 6, 2026 · 100% conf.
1D
+1.82%
$17.91
Act: +3.30%
5D
+3.46%
$18.20
Act: -4.09%
20D
+7.25%
$18.87
EX-99.1
2 nref-ex99_1.htm
EX-99.1
EX-99.1
EXHIBIT 99.1
Contact:
Kristen Griffith
Investor Relations
IR@nexpoint.com
Media: Comms@nexpoint.com
NREF Announces Second Quarter 2026 Results, Provides Third Quarter 2026 Guidance
Dallas, TX, August 6, 2026 – NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended June 30, 2026.
NREF reported net income attributable to common stockholders of $5.4 million, or $0.29 per diluted share1, for the three months ended June 30, 2026.
NREF reported cash available for distribution2 of $13.9 million, or $0.58 per diluted common share2, for the three months ended June 30, 2026.
“NREF's earnings this quarter reaffirm the consistency our investors have come to rely on, even as broader credit conditions remain unsettled. That stability stems from a portfolio built around life sciences, self-storage, multifamily, and industrial — sectors we selected for their structural, cycle-resistant demand rather than short-term momentum. As rate uncertainty causes many traditional lenders to pull back, we are able to underwrite new opportunities from a position of strength, reinforcing the durability of our earnings and the steady growth of book value. Our focus remains on translating that discipline into long-term, transparent value creation for our shareholders," said Matthew McGraner, Chief Investment Officer.
Second Quarter 2026 Highlights
• Outstanding total portfolio of $1.1 billion, composed of 85 investments3
• Single-family rental (“SFR”), multifamily, life sciences, self-storage, marinas, and industrial represent 15.1%, 37.6%, 39.4%, 4.2%, 1.6% and 2.1% of the Company’s investment portfolio, respectively as of June 30, 2026
• Weighted-average loan to value (“LTV”)4 and debt service coverage ratio (“DSCR”) on our senior loans, CMBS, CMBS I/O strips, preferred equity, and mezzanine investments are 63.4% and 1.39x3, respectively
• During the quarter, the Company funded $7.3MM on a loan that pays a monthly coupon of SOFR + 900 bps.
• The Company funded $20.2MM on a loan that pays a monthly coupon of 14.0%.
• The Company funded $42.6MM on a loan that pays a monthly coupon of 14.0%.
• During the quarter, the Company raised $22.6MM in gross proceeds from the Series C preferred stock offering.
• On July 27, 2026 NREF announced a third quarter dividend of $0.50 per common share
1 Weighted-average shares outstanding - diluted assumes vesting of all outstanding unvested restricted stock units and the conversion of all redeemable non-controlling interests.
2 Earnings available for distribution (“EAD”), cash available for distribution (“CAD”) and adjusted weighted average common shares outstanding - diluted are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of these non-GAAP measures, see the “Reconciliations of Non-GAAP Financial Measures” and “Non-GAAP Financial Measures” sections of this release.
3 As of June 30, 2026; and excluding the common stock, revolving credit facility investments and the Alexander at the District, Ridgeview Place and Mag & May multifamily properties. CMBS B-Pieces reflected on an unconsolidated basis.
4 Loan to value is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the date of the most recent as-is appraised value. For our CMBS B-Pieces, LTV is based on the weighted-average LTV of the underlying loan pool.
5 Net income attributable to common stockholders in 3Q 2026 is estimated to be between $7.4 million and $9.8 million. See reconciliations below.
EXHIBIT 99.1
Looking Ahead: Third Quarter 2026 Guidance
Earnings Available for Distribution2
• 3Q 2026 EAD per diluted common share guidance is $0.435 at the midpoint
Low
Mid
High
For the Three Months Ended
September 30, 2026
September 30, 2026
September 30, 2026
Net income
$
18,512
$
19,694
$
20,876
Net (income) loss attributable to Series A preferred stockholders
(874
)
(874
)
(874
)
Net (income) loss attributable to Series B preferred stockholders
(8,984
)
(8,984
)
(8,984
)
Net (income) loss attributable to Series C preferred stockholders
(1,210
)
(1,210
)
(1,210
)
Net income attributable to common stockholders
7,444
8,626
9,808
Adjustments:
Amortization of stock-based compensation
1,763
1,763
1,763
EAD
$
9,207
$
10,389
$
11,571
Weighted average common shares outstanding - basic
18,848
18,848
18,848
Weighted average common shares outstanding - diluted
55,161
55,161
55,161
Shares attributable to potential redemption of Series B preferred
(27,361
)
(27,361
)
(27,361
)
Shares attributable to potential redemption of Series C preferred
(3,764
)
(3,764
)
(3,764
)
Adjusted weighted average common shares outstanding - diluted (1)
24,036
24,036
24,036
EPS per Weighted Average Sha
2026 Q1 Q1 2026 Earnings
8-K Apr 30, 2026
Q1 2026 Earnings
8-KApr 30, 2026
EX-99.1
2 nref-ex99_1.htm
EX-99.1
EX-99.1
EXHIBIT 99.1
Contact:
Kristen Griffith
Investor Relations
IR@nexpoint.com
Media: pro-nexpoint@prosek.com
NREF Announces First Quarter 2026 Results, Provides Second Quarter 2026 Guidance
Dallas, TX, Thursday, April 30, 2026 – NexPoint Real Estate Finance, Inc. ("NREF" or the "Company") (NYSE: NREF) today reported its financial results for the quarter ended March 31, 2026.
NREF reported net income attributable to common stockholders of $10.0 million, or $0.42 per diluted share1, for the three months ended March 31, 2026.
NREF reported cash available for distribution2 of $13.5 million, or $0.58 per diluted common share2, for the three months ended March 31, 2026.
“NREF continues to deliver consistent earnings by maintaining a disciplined, credit-first approach to capital deployment across our core verticals. The strength of our portfolio reflects the conviction behind our sector selection — each representing long-term, structurally supported demand that we believe will continue to generate durable, risk-adjusted returns for our shareholders. We are focused on deepening our presence in these markets, staying opportunistic where dislocations present compelling entry points, and ensuring that our investors have a transparent, predictable view of how we are protecting and growing book value over time,” said Matthew McGraner, Chief Investment Officer.
First Quarter 2026 Highlights
• Outstanding total portfolio of $1.1 billion, composed of 90 investments3
• Single-family rental (“SFR”), multifamily, life sciences, self-storage, marinas, and industrial represent 17.1%, 39.4%, 35.9%, 3.9%, 1.6% and 2.1% of the Company’s investment portfolio, respectively as of March 31, 2026
• Weighted-average loan to value (“LTV”)4 and debt service coverage ratio (“DSCR”) on our senior loans, CMBS, CMBS I/O strips, preferred equity, and mezzanine investments are 59.9% and 1.32x3, respectively
• During the quarter, the Company funded $7.7MM on a loan that pays a monthly coupon of SOFR + 900 bps.
• The Company also funded $23.0MM on a loan that pay a monthly coupon of SOFR + 1,250 bps.
• During the quarter, the Company received $25.1MM from a CMBS Re-REMIC.
• During the quarter, the Company raised $20.1MM in gross proceeds from the Series C preferred stock offering.
• On April 28, 2026 NREF announced a second quarter dividend of $0.50 per common share
1 Weighted-average shares outstanding - diluted assumes vesting of all outstanding unvested restricted stock units and the conversion of all redeemable non-controlling interests.
2 Earnings available for distribution (“EAD”), cash available for distribution (“CAD”) and adjusted weighted average common shares outstanding - diluted are non-GAAP measures. For a discussion of why we consider these non-GAAP measures useful and reconciliations of these non-GAAP measures, see the “Reconciliations of Non-GAAP Financial Measures” and “Non-GAAP Financial Measures” sections of this release.
3 As of March 31, 2026; and excluding the common stock, revolving credit facility investments and the Alexander at the District and Mag & May multifamily properties. CMBS B-Pieces reflected on an unconsolidated basis.
4 Loan to value is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the date of the most recent as-is appraised value. For our CMBS B-Pieces, LTV is based on the weighted-average LTV of the underlying loan pool.
5 Net income attributable to common stockholders in 2Q 2026 is estimated to be between $7.5 million and $9.8 million. See reconciliations below.
EXHIBIT 99.1
Looking Ahead: Second Quarter 2026 Guidance
Earnings Available for Distribution2
• 2Q 2026 EAD per diluted common share guidance is $0.435 at the midpoint
Low
Mid
High
For the Three Months Ended
June 30, 2026
June 30, 2026
June 30, 2026
Net income
$
18,210
$
19,372
$
20,534
Net (income) loss attributable to Series A preferred stockholders
(874
)
(874
)
(874
)
Net (income) loss attributable to Series B preferred stockholders
(9,030
)
(9,030
)
(9,030
)
Net (income) loss attributable to Series C preferred stockholders
(803
)
(803
)
(803
)
Net income attributable to common stockholders
7,503
8,665
9,827
Adjustments:
Amortization of stock-based compensation
1,656
1,656
1,656
EAD
$
9,159
$
10,321
$
11,483
Weighted average common shares outstanding - basic
18,605
18,605
18,605
Weighted average common shares outstanding - diluted
53,799
53,799
53,799
Shares attributable to potential redemption of Series B preferred
(27,451
)
(27,451
)
(27,451
)
Shares attributable to potential redemption of Series C preferred
(2,524
)
(2,524
)
(2,524
)
Adjusted weighted average common shares outstanding - diluted (1)
23,824
23,824
23,824
EPS per Weighted Average Share - diluted
$
0.32
$
0.34
$
0.37
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The information presented on this page, "NREF NexPoint Real Estate Finance Inc. - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.