NexPoint Real Estate Finance Inc (NREF)

NYSE · Real Estate · REIT - Mortgage · USA

NexPoint Real Estate Finance Inc is a micro cap company (market value under $300 million) in the REIT - Mortgage industry.

NexPoint Real Estate Finance Inc is a commercial mortgage REIT that originates, structures and invests in first-lien mortgage loans, mezzanine loans, preferred equity and other real estate debt instruments across multifamily, single-family rental, self-storage and life science properties. Its portfolio includes commercial mortgage backed securities, promissory notes and credit facilities.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the NexPoint Real Estate Finance Inc stock.

Our verdict on NREF

No reliable verdict: intrinsic value $173.14 per share, market price $15.15 (as of 2026-10-19).

Discounting its cash flows would put the shares at $173.14: 11 times the price of $15.15. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

Leak Score: 43/100 on 8 of 12 signals (On Watch).

ETFs with the most weight in NREF

• Kingsbarn Dividend Opportunity ETF (DVDN): 4.7% of the fund
• Hoya Capital High Dividend Yield ETF (RIET): 1.3% of the fund
• iShares Mortgage Real Estate ETF (REM): 0.2% of the fund

15 more funds hold it; the full list is part of the paid plan.

More on NREF

• NREF's Leak Score, signal by signal
• NREF's debt and financial health

Browse

• Stocks in USA
• Real Estate stocks in USA

Peers in REIT - Mortgage

• Annaly Capital Management Inc (NLY)
• AGNC Investment Corp (AGNC)
• Rithm Capital Corp (RITM)
• Starwood Property Trust Inc (STWD)
• Dynex Capital Inc (DX)
• ARMOUR Residential REIT Inc (ARR)
• Blackstone Mortgage Trust Inc (BXMT)
• Ellington Financial Inc (EFC)

All 38 REIT - Mortgage stocks

Is NREF undervalued or overvalued?

We do not publish a verdict on NREF. Discounting its cash flows would put the shares at $173.14: 11 times the price of $15.15. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

What is the intrinsic value of NREF?

We do not publish one (as of the 2026-10-19 close). Discounting its cash flows would put the shares at $173.14: 11 times the price of $15.15. A gap that size says more about a model than about the market. It usually means heavy debt, where a small error in the value of the business becomes a large one in the value of the shares, or a business our method does not describe. We do not publish a verdict on this one.

What is NexPoint Real Estate Finance Inc's Leak Score?

43 out of 100, which we rate "On Watch", on 8 of 12 value investing signals.