NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a commercial mortgage real estate investment trust focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, and multifamily and single-family rental commercial mortgage backed securities… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What NexPoint Real Estate Finance, Inc. does
In the company’s own words
NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a commercial mortgage real estate investment trust focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, and multifamily and single-family rental commercial mortgage backed securities securitizations. The company also invests in promissory notes, revolving credit facilities, stock warrants, and common equity positions in the real estate sector. NREF's website is located at nref.nexpoint.com.
The company concentrates its investments in real estate sectors where its senior management team possesses operating expertise, including multifamily, single-family rental, self-storage, industrial and life science properties, predominantly located in the top 50 metropolitan statistical areas. NREF targets lending to and investing in stabilized properties with positive debt service coverage ratios and high-quality sponsors, while also participating in redevelopment and development projects in special situations with strong sponsorship and clear exit options.
As of December 31, 2025, NREF's portfolio consisted of investments with a combined unpaid principal balance of approximately $1.5 billion. The portfolio composition includes senior loans, multifamily CMBS B-Pieces, CMBS interest-only strips, mezzanine loans, preferred equity investments, common equity investments, preferred stock investments, promissory notes, revolving credit facilities, and stock warrants. Portfolio metrics demonstrate a relatively low-risk profile, with 76.1 percent of underlying properties stabilized, a weighted average occupancy of 90.5 percent, a portfolio-wide weighted average debt service coverage ratio of 1.24x, a weighted average loan-to-value of 63.6 percent, and a weighted average maturity of 3.1 years.
NREF is externally managed by NexPoint Real Estate Advisors VII, L.P., which is wholly owned by NexPoint Advisors, L.P. The company conducts substantially all of its business through NexPoint Real Estate Finance Operating Partnership, L.P., its operating partnership. NREF has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes and operates as a smaller reporting company under Securities and Exchange Commission regulations.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- DALLAS, TX
- Fiscal year end
- December
- CIK
- 1786248
- SIC
- 6798
Financial performance, year by year
Fiscal 2020–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns NexPoint Real Estate Finance, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · NexPoint Real Estate Finance, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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