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NexPoint Real Estate Finance, Inc. NREF

NYSE · reit · Real Estate Investment Trusts · website · IPO 2020-02-07 · LEI

NexPoint Real Estate Finance, Inc. statistics & valuation

Market cap$293.7M
P / B0.8×
Dividend yield12.04%
Net debt$740.1M
Enterprise value USD$1.0B
Graham number +54.3%$24.34

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($24.34); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
202020212022202320242025
Operating margin (%)
202020212022202320242025
Return on equity (%)
202020212022202320242025
Shares outstanding
18.6M 20.4M 17.1M 17.2M 17.5M 42.0M 202020212022202320242025
Net debt ($)
$1.01B $1.25B $1.33B $1.26B $795.4M $740.1M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
202020212022202320242025
Free cash flow margin (%)
202020212022202320242025
Debt / equity (×)
8.10× 5.20× 3.01× 3.66× 2.38× 1.99× 202020212022202320242025
EPS ($)
$1.74 $3.93 $0.22 $0.60 $1.02 $2.85 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NexPoint Real Estate Finance, Inc. trades at about 5.5× earnings — below its 10-year norm (10-year range 5.1×–86.6×, median 15.1×).

5.1× 86.6×

Shaded band = 10-year range (5.1×–86.6×); dot = today's 5.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Debt / equity1.99×2.38×3.66×3.01×5.20×8.10×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.