Nexpoint Real Estate Finance Inc

NREF · NYSE · Real Estate / REIT - Mortgage

12.27USD-0.40 (-3.16%)

Price History

Full chart

Market Stats

Previous Close12.67

Open12.76

Day Range12.16 – 12.79

52-Week Range10.84 – 17.89

Volume162.35K

Market Cap356.11M

P/E (TTM)6.75

Forward P/E0.00

EPS2.29

Dividend Yield12.68%

Beta1.15

50-Day Avg16.94

200-Day Avg15.27

About

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.

Company Details

SectorReal Estate
IndustryREIT - Mortgage
CEOMr. James David Dondero CFA, CPA
Employees1
Headquarters300 Crescent Court, Dallas, TX, United States, 75201, USA
Websitehttps://nref.nexpoint.com

Leadership

Mr. James David Dondero CFA, CPAChairman, President & CEO · b. 1963
Mr. Paul RichardsExecutive VP of Finance, CFO, Assistant Secretary & Treasurer · b. 1989
Mr. Matthew Ryan McGraner J.D.Executive VP & Chief Investment Officer · b. 1984
Mr. Will MabryChief Accounting Officer · b. 1987
Kristen ThomasDirector of Investor Relations
Mr. Dennis Charles Sauter Jr.General Counsel & Secretary · b. 1975

Financials

Income Statement

Currency: USD	2015-12-31	2016-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.50M	3.88M	34.27M	18.28M	19.49M	44.55M	40.38M	42.09M	110.32M	126.13M
Growth (%)	-	+158.24%	+782.21%	-46.66%	+6.65%	+128.57%	-9.37%	+4.24%	+162.10%	+14.33%
Cost of Revenue	600.00K	1.46M	11.07M	24.35M	5.87M	7.47M	4.39M	4.19M	11.06M	14.03M
Gross Profit	904.00K	2.43M	23.19M	18.28M	19.49M	44.55M	35.99M	37.90M	99.25M	112.10M
Gross Margin	60.11%	62.51%	67.68%	100.00%	100.00%	100.00%	89.13%	90.05%	89.97%	88.88%
Operating Expense	2.14M	3.15M	3.80M	0	6.64M	1.47M	10.39M	12.48M	14.48M	-51.53M
Operating Income	-1.23M	-721.00K	19.39M	18.28M	12.85M	43.09M	25.59M	25.42M	84.77M	163.63M
Operating Margin	-82.05%	-18.56%	56.59%	100.00%	65.91%	96.71%	63.39%	60.39%	76.84%	129.73%
EBITDA	-53.00K	1.61M	38.78M	18.28M	59.91M	32.47M	57.35M	2.46M	90.39M	168.86M
EBITDA Margin	-3.52%	41.43%	113.18%	100.00%	307.36%	72.88%	142.03%	5.86%	81.93%	133.88%
Net Income	-1.76M	-1.50M	19.39M	0	12.85M	43.09M	6.75M	13.97M	29.19M	105.10M
Net Income Margin	-117.29%	-38.70%	56.59%	0.00%	65.91%	96.71%	16.71%	33.20%	26.46%	83.33%
R&D	-	-	-	-	0.57	0.85	0.12	0.17	-	-
R&D as % of Total Revenue	-	-	-	-	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	429.00K	1.51M	0	19.56M	21.31M	29.77M	40.26M	51.56M	44.37M	42.77M
Interest Expense % of Total Revenue	28.52%	38.90%	0.00%	107.01%	109.34%	66.83%	99.70%	122.50%	40.22%	33.91%

Balance Sheet

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	41.06M	45.83M	2.02B	2.79B	6.18B	8.51B	8.15B	7.02B	5.42B	5.32B
Total Liabilities	-	37.96M	39.18M	1.78B	2.45B	5.77B	8.01B	7.61B	6.57B	4.84B	4.49B
Total Equity	-	2.42M	6.00M	239.85M	347.70M	128.24M	238.01M	383.98M	355.94M	482.18M	749.54M
Cash	-	601.00K	456.00K	10.82M	301.80K	30.24M	26.46M	20.05M	13.82M	3.88M	31.11M
Total Debt	-	36.70M	37.69M	1.78B	4.10B	5.77B	8.00B	7.59B	6.56B	4.82B	4.46B
Net Debt	-	36.10M	37.23M	1.77B	2.44B	5.74B	7.97B	7.57B	6.54B	4.82B	4.43B

Cash Flow

Currency: USD	2014-12-31	2015-12-31	2016-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-239.00K	471.00K	767.00K	32.90M	32.90M	32.90M	49.30M	65.80M	31.56M	29.28M	22.92M
Investing Cash Flow	-	-41.08M	-6.42M	-68.17M	-68.17M	-68.26M	517.88M	950.58M	741.34M	956.54M	321.54M
Financing Cash Flow	200.00K	41.38M	5.36M	68.74M	68.74M	68.83M	-567.41M	-1.03B	-776.60M	-995.42M	-317.16M
Capital Expenditure	0	0	0	0	0	3.62M	29.79M	0	1.81M	0	0
Free Cash Flow	-239.00K	471.00K	767.00K	-	-	32.90M	49.30M	65.80M	31.56M	29.28M	22.92M
Dividends Paid	-	-	12.00K	8.25M	8.25M	8.25M	17.67M	33.16M	51.53M	46.34M	61.74M
FCF to OCF	100.00%	100.00%	100.00%	-	-	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Dividend Paid to FCF	-	-	1.56%	-	-	25.07%	35.85%	50.40%	163.28%	158.26%	269.41%

Earnings

Report Date	May 8, 2020	Aug 10, 2020	Oct 30, 2020	Feb 18, 2021	Apr 30, 2021	Jul 29, 2021	Nov 4, 2021	Feb 17, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Feb 23, 2023	Apr 27, 2023	Jul 27, 2023	Nov 2, 2023	Feb 29, 2024	May 2, 2024	Aug 1, 2024	Oct 31, 2024	Feb 26, 2025	May 1, 2025	Jul 31, 2025	Oct 30, 2025	Feb 26, 2026	Apr 30, 2026	Aug 6, 2026	Oct 29, 2026
EPS Estimate	0.29	0.39	0.40	0.46	0.51	0.60	0.57	0.54	1.17	0.52	0.40	0.48	0.48	0.46	0.47	0.47	-0.44	0.45	0.48	0.76	0.49	0.46	0.47	0.43	0.37	0.38	0.39
EPS Actual	0.23	0.37	0.42	0.55	0.53	0.59	0.71	0.54	1.23	0.56	0.48	0.49	0.52	0.46	0.43	0.44	-0.46	0.68	0.75	0.83	0.41	0.43	0.51	0.23	0.43	0.04	-
Surprise	-20.69%	-5.13%	5.00%	19.57%	3.92%	-1.67%	24.56%	0.00%	5.13%	7.69%	20.00%	2.08%	8.33%	0.00%	-8.51%	-6.38%	-4.55%	51.11%	56.25%	9.57%	-16.33%	-6.52%	8.51%	-46.51%	16.22%	-89.47%	-
Timing	After-hours	After-hours	After-hours	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap356.11M

Enterprise Value5.24B

Trailing P/E6.75

Forward P/E0.00

Price / Sales2.35

Price / Book0.79

EPS2.29

Book Value20.14

Revenue (TTM)151.30M

Gross Profit (TTM)150.03M

Profit Margin66.61%

Operating Margin63.29%

Return on Equity14.87%

Return on Assets2.13%

Shares Outstanding18.85M

Shares Float11.38M

Beta1.15

Dividend Yield12.68%

Dividend Rate2.00

Payout Ratio1.65%

Analyst Ratings

Hold

Based on 3 analystsTarget 16.75

Hold
3

Ownership Breakdown

Institutions: 70.32%
Insiders: 8.95%
Retail / Other: 20.73%

Top Institutional Holders

HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS
9.44M50.08%
BlackRock Inc
594.00K3.15%
Vanguard Capital Management, LLC
309.48K1.64%
Independent Financial Group, LLC
276.60K1.47%
Morgan Stanley - Brokerage Accounts
191.75K1.02%
Geode Capital Management, LLC
179.25K0.95%
State Street Corp
175.56K0.93%
O'Shaughnessy Asset Management LLC
155.72K0.83%
Copley Financial Group, Inc.
110.51K0.59%
Comprehensive Portfolio Management, LLC
104.62K0.56%
Penserra Capital Management, LLC
83.37K0.44%

Top Fund Holders

Highland Opportunities and Income Ord
2.87M15.24%
Highland Global Allocation A
901.38K4.78%
Vanguard MStar Total Stk Mkt Idx Invest
260.10K1.38%
iShares Russell 2000 ETF
235.24K1.25%
NexPoint Real Estate Strategies Z
137.52K0.73%
iShares Mortgage Real Estate Capped ETF
89.21K0.47%
Hoya Capital High Dividend Yield ETF
88.32K0.47%
Fidelity Small Cap Index
85.25K0.45%
iShares Russell 2000 Value ETF
75.12K0.40%

Dividends

20263×

0.50Sep 15, 20260.50Jun 15, 20260.50Mar 13, 2026

20254×

0.50Dec 15, 20250.50Sep 15, 20250.50Jun 13, 20250.50Mar 14, 2025

20244×

0.50Dec 13, 20240.50Sep 13, 20240.50Jun 14, 20240.50Mar 14, 2024

20234×

0.69Dec 14, 20230.69Sep 14, 20230.69Jun 14, 20230.69Mar 14, 2023

20224×

0.50Dec 14, 20220.50Sep 14, 20220.50Jun 14, 20220.50Mar 14, 2022

20214×

0.47Dec 14, 20210.47Sep 14, 20210.47Jun 14, 20210.47Mar 12, 2021

20201×

0.40Dec 14, 2020