NexPoint Real Estate Finance, Inc.
NREFNYSEReal Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | $123.1M | $36.0M | $18.7M | $14.2M | $83.5M | $34.2M |
| Total assets | $5.32B | $5.42B | $7.02B | $8.15B | $8.51B | $6.18B |
| Total liabilities | $4.49B | $4.84B | $6.57B | $7.61B | $8.01B | $5.77B |
| Equity | $388.0M | $336.5M | $347.4M | $448.5M | $245.3M | $128.2M |
| EPS (diluted) | $2.85 | $1.02 | $0.60 | $0.22 | $3.93 | $1.74 |
| Shares out. | 17.6M | 17.6M | 17.5M | 14.4M | 5.0M | 5.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 31.7%
- Return on assets
- 2.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 84.4%
- Debt / equity
- 11.57×
- Book value / share
- $21.99
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 242.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 1.9%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 3 good- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Wood Catherine D.Director | Apr 3, 2026 | Option exercise | 5,518 | — |
| Swain CarolDirector | Apr 3, 2026 | Option exercise | 5,518 | — |
| Sauter Dennis Charles JrOfficer — General Counsel and Secretary | Apr 3, 2026 | Option exercise | 4,311 | — |
| Richards PaulOfficer — See Remarks | Apr 3, 2026 | Option exercise | 15,087 | — |
| Mitts BrianDirector | Apr 3, 2026 | Option exercise | 5,518 | — |
| Mcgraner MattOfficer — See Remarks | Apr 3, 2026 | Option exercise | 36,830 | — |
| Laffer Arthur BDirector | Apr 3, 2026 | Option exercise | 5,518 | — |
| Kavanaugh Scott FDirector | Apr 3, 2026 | Option exercise | 5,518 | — |
| Dondero James DOfficer — President | Apr 3, 2026 | Option exercise | 36,830 | — |
| Constantino Edward N.Director | Apr 3, 2026 | Option exercise | 5,518 | — |
| Sauter Dennis Charles JrOfficer — General Counsel and Secretary | Mar 13, 2026 | Option exercise | 2,917 | — |
| Richards PaulOfficer — See Remarks | Mar 13, 2026 | Option exercise | 10,000 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 359,343 | 6.4 | -16.0% |
| Apr 30, 2026 | 428,000 | 13.3 | -0.6% |
| Apr 15, 2026 | 430,581 | 8.8 | -4.8% |
| Mar 31, 2026 | 452,183 | 6.0 | -14.8% |
| Mar 13, 2026 | 530,688 | 8.1 | +45.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementMay 13, 2026
- Entered a material agreement · New financial obligationApr 30, 2026
- Results of operationsApr 30, 2026
- Entered a material agreementApr 3, 2026
- Results of operationsFeb 26, 2026
- Entered a material agreementJan 23, 2026
- Other material eventDec 10, 2025
- Entered a material agreement · Modified shareholder rights · Amended charter or bylaws · Regulation FD disclosure · Other material eventNov 4, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 15, 2026
- 8-KFORM 8-KMay 13, 2026
- 8-KFORM 8-KApr 30, 2026
- 8-KApr 30, 2026
- DEFA14AFORM DEFA14AApr 20, 2026
- ARSFORM ARSApr 20, 2026
- DEF 14AFORM DEF 14AApr 20, 2026
- PRE 14AFORM PRE 14AApr 8, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
- 4FORM 4Apr 6, 2026
Event-driven situations (1)
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