NexPoint Real Estate Finance, Inc. (NREF) stock analysis
Close on Nov 11, 2026Market cap $248.61MP/E 4.6Yield 15.16%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed12 of 30 checks passed
NexPoint Real Estate Finance passes 12 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 2/6
- Past performance
- 0/6
- Financial health
- 4/6
- Dividend
- 3/6
What stands out
Margin of safety over 20%
The price is 77.8% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $13.19 is below our fair value estimate of $59.54.
No debt
NexPoint Real Estate Finance has no borrowings on its latest balance sheet.
EPS growing 10%+ a year
Diluted EPS grew 135% a year over the last three fiscal years.
What to watch
Elevated bankruptcy risk
The Altman Z-score is 0.02; above 3 is the safe zone and below 1.8 the distress zone.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Valuation3/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
NexPoint Real Estate Finance's P/E of 4.6 is below the Miscellaneous Investing median of 26.3.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Trading below fair value
The share price of $13.19 is below our fair value estimate of $59.54.
Margin of safety over 20%
The price is 77.8% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growing 10%+ a year
Diluted EPS grew 135% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growth against the industry
Needs revenue for this year and last.
Guidance raised
NexPoint Real Estate Finance raised its 2Q 2026 CAD per diluted common share outlook on Apr 30, 2026.
Gross margin trend
This company does not report gross profit.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health4/6
No debt
NexPoint Real Estate Finance has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 0.02; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
NexPoint Real Estate Finance paid dividends worth 15.2% of the share price over the last twelve months.
Yield above Treasuries
The 15.2% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; NexPoint Real Estate Finance yields 15.2%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$59.54
The share price is 78% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 26.3× | – | 26.3× | $75.05 | 73% |
| Earnings power | 8.2% cost of equity | – | – | $18.17 | 27% |
| Fair value | $59.54 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $961.70K
- Value traded per 1% price move
- $621.36K
Downside
Low risk
- Typical loss in a bad month
- 12.6%
- Volatility (annualized)
- 29%
- Sharpe ratio, 1 year
- -0.22
- Beta to the S&P 500 (5Y)
- 0.65
Typical bad-month loss, week by week
Margins need revenue and profit figures
This company does not report the lines needed to calculate margins.
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| EPS, diluted | +179.4% | +134.9% | +10.4% | – | |
| Dividend per share | 0.0% | 0.0% | +7.1% | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Diluted shares | 19M | 19M | 42M |
Cash use needs five years of cash flow figures
NexPoint Real Estate Finance does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$22.92M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$22.92M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise17M → 42M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –
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