NREF · NexPoint Real Estate Finance, Inc.
The latest filing states the doubt was alleviated.
“As of March 31, 2026, the Company did not have sufficient liquidity to satisfy these obligations. ... Management believes these factors will be sufficient to satisfy the Company's obligations as they become due. These financial statements have been prepared by management in accordance with GAAP and this basis assumes that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. These financial statements do not include any adjustments that may result from the outcome of this uncertainty.”View the 10-Q filed May 15, 2026
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. NREF closed a $375MM Mizuho term loan/TRS to refinance its 5.75% senior notes and funded new investments at 14% coupons, while book value declined 1.9% QoQ, GAAP net income and EPS fell sharply YoY, and Q3 EAD guidance of $0.43/share remains below the $0.50 dividend.
- + Closed $375MM Mizuho term loan/TRS to repay $180MM of 5.75% senior notes, replacing fixed-rate unsecured debt with flexible asset-based financing
- + Q2 CAD of $0.58/share covered the $0.50 dividend 1.16x
- + Q2 EAD of $0.46/share rose 7.0% sequentially and beat April guidance
- − Book value per diluted share fell 1.9% QoQ to $18.60, driven by unrealized losses on stock warrants
- − GAAP net income attributable to common stockholders fell to $0.29/share in Q2 2026 from $0.54/share in Q2 2025
- − Q3 2026 EAD guidance midpoint of $0.43/share remains below the $0.50 dividend
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted weighted-average common shares outstanding - diluted non-GAAP | 24.06M | the three months ended June 30, 2026 filing | — |
| EAD non-GAAP | $11.18M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income attributable to common stockholders $5.43M
+$1.25M Net income attributable to redeemable noncontrolling interests
+$1.75M Amortization of stock-based compensation
+$773K Provision for (reversal of) credit losses
+$705K Equity in (income) losses of equity method investments
+$1.27M Unrealized (gains) or losses (1)
= EAD $11.18M
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| EAD per Diluted Common Share non-GAAP | $0.46 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NREF
this stock
NexPoint Real Estate Finance, Inc.
|
$297.23M | +10.2% | — | 4.8 | 2.7% |
|
NLY
Annaly Capital Management Inc
|
$15.53B | -15.5% | — | 5.6 | 2.4% |
|
AGNC
AGNC Investment Corp.
|
$11.30B | -15.4% | — | 5.4 | 9.2% |
|
STWD
Starwood Property Trust, Inc.
|
$5.32B | -25.0% | -5.3% | — | 5.2% |
|
RITM
Rithm Capital Corp.
|
$5.10B | -18.1% | -6.7% | 15.2 | 5.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NREF | -1.8% | -10.2% | +11.8% | -9.9% | +10.2% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -1.2% | -10.4% | -0.4% | -9.3% | -1.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.