NexPoint Real Estate Finance (NYSE:NREF) Posts Earnings Results, Meets Expectations

NexPoint Real Estate Finance (NYSE:NREF) posted its earnings results on Thursday. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48, FiscalAI reports. The company had revenue of $33.84 million for the quarter, compared to the consensus estimate of $11.64 million. NexPoint Real Estate Finance had a return on equity of 17.52% and a net margin of 102.28%. NexPoint Real Estate Finance updated its Q1 2026 guidance to 0.310-0.360 EPS.

Here are the key takeaways from NexPoint Real Estate Finance’s conference call:

• The board declared a Q1 2026 dividend of $0.50 per share; Q4 cash available for distribution (CAD) was $0.53 (1.06x coverage) and management’s Q1 CAD guidance midpoint is $0.50, supporting near-term dividend sustainability despite EAD being below the dividend.
• Completed a re-REMIC on FREMF 2017-K62 B‑Pieces that reduces mark-to-market repo financing by $75.2 million, lowers debt-to-equity to 0.83x and is expected to be roughly $0.30–$0.34 per share accretive to annual CAD.
• Portfolio totals $1.2 billion across 92 investments (47% multifamily, 30% life sciences, 17% single-family rental), is 82.5% stabilized with a 63.6% LTV and a weighted-average DSCR of 1.24x.
• Full-year net income improved to $2.09 per share (vs. $1.02), but full-year CAD declined 18.6% to $1.97 (from $2.42) and Q4 earnings‑available‑for‑distribution (EAD) of $0.48 remains below prior-year levels and below the current dividend on a per‑share basis.
• Recorded a roughly $12 million CECL provision in Q4 (one-third an updated general reserve, two-thirds related to previously identified preferred deals); management expects provisions to level off in 2026 but the charge weighed on quarterly results.

NexPoint Real Estate Finance Price Performance

Shares of NYSE NREF traded up $0.05 during mid-day trading on Thursday, reaching $14.67. The company had a trading volume of 52,352 shares, compared to its average volume of 41,675. The company has a debt-to-equity ratio of 1.23, a quick ratio of 175.70 and a current ratio of 175.70. NexPoint Real Estate Finance has a one year low of $12.14 and a one year high of $16.80. The firm has a market cap of $259.95 million, a price-to-earnings ratio of 5.22 and a beta of 1.19. The business’s 50-day simple moving average is $14.54 and its 200 day simple moving average is $14.36.

NexPoint Real Estate Finance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Friday, March 13th. NexPoint Real Estate Finance’s dividend payout ratio is 71.17%.

Insiders Place Their Bets

In related news, Director Brian Mitts sold 11,904 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $14.51, for a total transaction of $172,727.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 55.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Real Estate Finance

Several hedge funds and other institutional investors have recently made changes to their positions in NREF. Nexpoint Asset Management L.P. lifted its holdings in shares of NexPoint Real Estate Finance by 9.9% during the 4th quarter. Nexpoint Asset Management L.P. now owns 9,439,635 shares of the company’s stock worth $132,910,000 after acquiring an additional 852,271 shares during the period. Raymond James Financial Inc. raised its position in NexPoint Real Estate Finance by 1.0% during the third quarter. Raymond James Financial Inc. now owns 308,477 shares of the company’s stock valued at $4,374,000 after purchasing an additional 3,190 shares in the last quarter. Geode Capital Management LLC lifted its stake in NexPoint Real Estate Finance by 0.9% during the second quarter. Geode Capital Management LLC now owns 201,310 shares of the company’s stock worth $2,777,000 after purchasing an additional 1,716 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of NexPoint Real Estate Finance by 42.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 157,700 shares of the company’s stock valued at $2,220,000 after purchasing an additional 46,679 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of NexPoint Real Estate Finance by 5.7% in the 2nd quarter. Marshall Wace LLP now owns 56,732 shares of the company’s stock valued at $782,000 after purchasing an additional 3,071 shares in the last quarter. 67.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NREF has been the subject of several recent research reports. Wall Street Zen upgraded NexPoint Real Estate Finance from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Keefe, Bruyette & Woods dropped their target price on NexPoint Real Estate Finance from $14.50 to $14.00 and set a “market perform” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of NexPoint Real Estate Finance in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NexPoint Real Estate Finance presently has an average rating of “Hold” and a consensus target price of $14.50.

Trending Headlines about NexPoint Real Estate Finance

Here are the key news stories impacting NexPoint Real Estate Finance this week:

• Positive Sentiment: Declared a high-yield quarterly dividend of $0.50 per share (record date March 13, payable March 31), implying a ~13.6% yield — supportive for income-focused investors. Read More.
• Positive Sentiment: Revenue substantially exceeded expectations: reported quarter revenue of $33.84M vs. an ~$11.6M estimate, indicating stronger-than-expected portfolio income or one-time items that boosted top-line. Read More.
• Positive Sentiment: Management is advancing targeted growth strategies (life-science and build-to-rent) highlighted on the call/slides, which investors may view as longer-term portfolio-improvement catalysts. Read More.
• Neutral Sentiment: Reported Q4 EPS of $0.48, essentially in line with consensus (and below prior-year EPS), so no surprise on the bottom line despite revenue strength. Investors will parse whether earnings quality is recurring. Read More.
• Negative Sentiment: Management issued Q1 2026 EPS guidance of $0.31–$0.36, below theStreet consensus (~$0.45), which is likely the principal headwind pushing some caution into the stock despite the dividend and revenue beat. Read More.
• Neutral Sentiment: Some coverage referenced a $0.40–$0.45 Q1 “EAD” range; investors should treat the company press release guidance as authoritative and review the earnings slide deck for the basis of any alternate metrics. Read More.

NexPoint Real Estate Finance Company Profile

NexPoint Real Estate Finance, Inc is a publicly traded real estate investment trust (REIT) focused on originating, acquiring and managing a diversified portfolio of commercial real estate debt investments. The company seeks to generate current income and capital appreciation by providing financing solutions across the capital structure for stabilized and transitional properties. Its investments include whole loans, mezzanine loans, preferred equity and other structured credit products secured by multifamily, office, industrial, retail and hospitality assets.

Since its initial public offering in March 2021, NexPoint Real Estate Finance has closed numerous transactions with borrowers nationwide, including both institutional sponsors and privately held owners.