NEXPOINT REAL ESTATE FINANCE (NREF) Stock Fundamental Analysis

NYSE:NREF • US65342V1017

14.51 USD
-0.16 (-1.09%)
At close: Feb 27, 2026
14.51 USD
0 (0%)
After Hours: 2/27/2026, 8:23:11 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall NREF gets a fundamental rating of 5 out of 10. We evaluated NREF against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. NREF scores excellent on profitability, but there are concerns on its financial health. NREF is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year NREF was profitable.
  • In the past year NREF had a positive cash flow from operations.
  • NREF had positive earnings in 4 of the past 5 years.
  • Of the past 5 years NREF 4 years had a positive operating cash flow.
NREF Yearly Net Income VS EBIT VS OCF VS FCFNREF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

  • NREF's Return On Assets of 1.37% is amongst the best of the industry. NREF outperforms 89.71% of its industry peers.
  • With an excellent Return On Equity value of 10.66%, NREF belongs to the best of the industry, outperforming 91.18% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 1.75%, NREF belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
  • NREF had an Average Return On Invested Capital over the past 3 years of 0.29%. This is in line with the industry average of 1.22%.
  • The 3 year average ROIC (0.29%) for NREF is below the current ROIC(1.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.37%
ROE 10.66%
ROIC 1.75%
ROA(3y)0.17%
ROA(5y)0.23%
ROE(3y)2.48%
ROE(5y)6.54%
ROIC(3y)0.29%
ROIC(5y)0.42%
NREF Yearly ROA, ROE, ROICNREF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • NREF has a Profit Margin of 33.63%. This is amongst the best in the industry. NREF outperforms 92.65% of its industry peers.
  • NREF's Profit Margin has declined in the last couple of years.
  • NREF has a Operating Margin of 54.32%. This is amongst the best in the industry. NREF outperforms 94.12% of its industry peers.
  • In the last couple of years the Operating Margin of NREF has declined.
  • NREF has a Gross Margin of 79.82%. This is amongst the best in the industry. NREF outperforms 94.12% of its industry peers.
  • NREF's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 54.32%
PM (TTM) 33.63%
GM 79.82%
OM growth 3Y-21.92%
OM growth 5Y-10.46%
PM growth 3Y-21.3%
PM growth 5YN/A
GM growth 3Y-5.8%
GM growth 5Y2.25%
NREF Yearly Profit, Operating, Gross MarginsNREF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • NREF has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • There is no outstanding debt for NREF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
NREF Yearly Shares OutstandingNREF Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 5M 10M 15M
NREF Yearly Total Debt VS Total AssetsNREF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 0.08, we must say that NREF is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.08, NREF is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
  • NREF has a debt to FCF ratio of 140.38. This is a negative value and a sign of low solvency as NREF would need 140.38 years to pay back of all of its debts.
  • NREF has a Debt to FCF ratio of 140.38. This is in the better half of the industry: NREF outperforms 61.76% of its industry peers.
  • NREF has a Debt/Equity ratio of 6.61. This is a high value indicating a heavy dependency on external financing.
  • NREF has a Debt to Equity ratio of 6.61. This is comparable to the rest of the industry: NREF outperforms 45.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 6.61
Debt/FCF 140.39
Altman-Z 0.08
ROIC/WACC1.42
WACC1.24%
NREF Yearly LT Debt VS Equity VS FCFNREF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • NREF has a Current Ratio of 0.06. This is a bad value and indicates that NREF is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of NREF (0.06) is worse than 61.76% of its industry peers.
  • A Quick Ratio of 0.06 indicates that NREF may have some problems paying its short term obligations.
  • The Quick ratio of NREF (0.06) is worse than 61.76% of its industry peers.
Industry RankSector Rank
Current Ratio 0.06
Quick Ratio 0.06
NREF Yearly Current Assets VS Current LiabilitesNREF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • NREF shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.67%.
  • NREF shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.11% yearly.
EPS 1Y (TTM)1.67%
EPS 3Y-12.8%
EPS 5Y3.11%
EPS Q2Q%-42.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-65.62%

3.2 Future

  • NREF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.65% yearly.
  • NREF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.59% yearly.
EPS Next Y7.02%
EPS Next 2Y4.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.44%
Revenue Next 2Y2.59%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
NREF Yearly Revenue VS EstimatesNREF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
NREF Yearly EPS VS EstimatesNREF Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.93 indicates a rather cheap valuation of NREF.
  • NREF's Price/Earnings ratio is rather cheap when compared to the industry. NREF is cheaper than 82.35% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, NREF is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.41 indicates a rather cheap valuation of NREF.
  • 76.47% of the companies in the same industry are more expensive than NREF, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.05, NREF is valued rather cheaply.
Industry RankSector Rank
PE 7.93
Fwd PE 7.41
NREF Price Earnings VS Forward Price EarningsNREF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NREF indicates a rather cheap valuation: NREF is cheaper than 91.18% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NREF is valued cheaper than 83.82% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.06
EV/EBITDA 37.13
NREF Per share dataNREF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • NREF's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of NREF may justify a higher PE ratio.
PEG (NY)1.13
PEG (5Y)2.55
EPS Next 2Y4.65%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.62%, NREF is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 11.00, NREF's dividend is way lower than its industry peers. On top of this 88.24% of the companies listed in the same industry pay a better dividend than NREF!
  • NREF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.62%

5.2 History

  • NREF has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
NREF Yearly Dividends per shareNREF Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • NREF pays out 80.04% of its income as dividend. This is not a sustainable payout ratio.
DP80.04%
EPS Next 2Y4.65%
EPS Next 3YN/A
NREF Yearly Income VS Free CF VS DividendNREF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 50M -50M -100M
NREF Dividend Payout.NREF Dividend Payout, showing the Payout Ratio.NREF Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

NEXPOINT REAL ESTATE FINANCE

NYSE:NREF (2/27/2026, 8:23:11 PM)

After market: 14.51 0 (0%)

14.51

-0.16 (-1.09%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-26
Earnings (Next)04-29
Inst Owners69.22%
Inst Owner Change7.21%
Ins Owners7.11%
Ins Owner Change3.09%
Market Cap257.12M
Revenue(TTM)N/A
Net Income(TTM)72.21M
Analysts48.89
Price Target14.79 (1.93%)
Short Float %1.96%
Short Ratio5.53
Dividend
Industry RankSector Rank
Dividend Yield 8.62%
Yearly Dividend2.67
Dividend Growth(5Y)N/A
DP80.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.32%
Min EPS beat(2)-9.01%
Max EPS beat(2)6.38%
EPS beat(4)2
Avg EPS beat(4)-3.29%
Min EPS beat(4)-17.97%
Max EPS beat(4)7.42%
EPS beat(8)4
Avg EPS beat(8)10.04%
EPS beat(12)6
Avg EPS beat(12)6.15%
EPS beat(16)9
Avg EPS beat(16)6.14%
Revenue beat(2)0
Avg Revenue beat(2)-2.29%
Min Revenue beat(2)-3.33%
Max Revenue beat(2)-1.26%
Revenue beat(4)2
Avg Revenue beat(4)9.83%
Min Revenue beat(4)-3.33%
Max Revenue beat(4)42.76%
Revenue beat(8)3
Avg Revenue beat(8)4.56%
Revenue beat(12)4
Avg Revenue beat(12)1.69%
Revenue beat(16)7
Avg Revenue beat(16)44.78%
PT rev (1m)0%
PT rev (3m)2.65%
EPS NQ rev (1m)1.02%
EPS NQ rev (3m)-0.34%
EPS NY rev (1m)0%
EPS NY rev (3m)1.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.53%
Valuation
Industry RankSector Rank
PE 7.93
Fwd PE 7.41
P/S 1.2
P/FCF 8.06
P/OCF 8.08
P/B 0.38
P/tB 0.38
EV/EBITDA 37.13
EPS(TTM)1.83
EY12.61%
EPS(NY)1.96
Fwd EY13.5%
FCF(TTM)1.8
FCFY12.4%
OCF(TTM)1.8
OCFY12.37%
SpS12.12
BVpS38.24
TBVpS38.24
PEG (NY)1.13
PEG (5Y)2.55
Graham Number39.68
Profitability
Industry RankSector Rank
ROA 1.37%
ROE 10.66%
ROCE 2.34%
ROIC 1.75%
ROICexc 1.76%
ROICexgc 1.76%
OM 54.32%
PM (TTM) 33.63%
GM 79.82%
FCFM 14.85%
ROA(3y)0.17%
ROA(5y)0.23%
ROE(3y)2.48%
ROE(5y)6.54%
ROIC(3y)0.29%
ROIC(5y)0.42%
ROICexc(3y)0.29%
ROICexc(5y)0.42%
ROICexgc(3y)0.29%
ROICexgc(5y)0.42%
ROCE(3y)0.39%
ROCE(5y)0.55%
ROICexgc growth 3Y-11.77%
ROICexgc growth 5YN/A
ROICexc growth 3Y-11.78%
ROICexc growth 5YN/A
OM growth 3Y-21.92%
OM growth 5Y-10.46%
PM growth 3Y-21.3%
PM growth 5YN/A
GM growth 3Y-5.8%
GM growth 5Y2.25%
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 6.61
Debt/FCF 140.39
Debt/EBITDA 37.28
Cap/Depr 2.1%
Cap/Sales 0.03%
Interest Coverage 3.08
Cash Conversion 26.5%
Profit Quality 44.15%
Current Ratio 0.06
Quick Ratio 0.06
Altman-Z 0.08
F-Score6
WACC1.24%
ROIC/WACC1.42
Cap/Depr(3y)2124.95%
Cap/Depr(5y)N/A
Cap/Sales(3y)76.13%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.67%
EPS 3Y-12.8%
EPS 5Y3.11%
EPS Q2Q%-42.17%
EPS Next Y7.02%
EPS Next 2Y4.65%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-65.62%
Revenue Next Year-1.44%
Revenue Next 2Y2.59%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y198.29%
EBIT growth 3Y-24.13%
EBIT growth 5Y4.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-10.02%
FCF growth 3Y14.5%
FCF growth 5YN/A
OCF growth 1Y-10.22%
OCF growth 3Y-15.94%
OCF growth 5YN/A

NEXPOINT REAL ESTATE FINANCE / NREF FAQ

What is the fundamental rating for NREF stock?

ChartMill assigns a fundamental rating of 5 / 10 to NREF.


What is the valuation status of NEXPOINT REAL ESTATE FINANCE (NREF) stock?

ChartMill assigns a valuation rating of 8 / 10 to NEXPOINT REAL ESTATE FINANCE (NREF). This can be considered as Undervalued.


What is the profitability of NREF stock?

NEXPOINT REAL ESTATE FINANCE (NREF) has a profitability rating of 8 / 10.


What is the valuation of NEXPOINT REAL ESTATE FINANCE based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NEXPOINT REAL ESTATE FINANCE (NREF) is 7.93 and the Price/Book (PB) ratio is 0.38.


Can you provide the dividend sustainability for NREF stock?

The dividend rating of NEXPOINT REAL ESTATE FINANCE (NREF) is 4 / 10 and the dividend payout ratio is 80.04%.