NREF. is a publicly traded REIT with its common stock listed on the New York Stock Exchange under the symbol "NREF." NREF is primarily focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common stock investments, as well as multifamily commercial mortgage-backed securities securitizations, multifamily structured credit risk notes and mortgage-backed securities.
Company profile
Ticker
NREF, NREF-PA
Exchange
Website
CEO
Brian Mitts
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
NexPoint Real Estate Finance Operating Partnership, L.P. • NexPoint Buffalo Pointe Holdings, LLC • NexPoint Buffalo Pointe, LLC • NexPoint Hughes Leaseco, LLC • NexPoint Hughes Manager, LLC • Nexpoint WLIF I Borrower, LLC • Nexpoint WLIF II Borrower, LLC • NREA Casper Holdings, LLC • NREA Casper Investment Co, LLC • NREA Casper Leaseco, LLC ...
IRS number
842178264
NREF stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
10-K
2023 FY
Annual report
21 Mar 24
8-K
NREF Announces Fourth Quarter 2023 Results, Provides First Quarter 2024 Guidance
29 Feb 24
DEF 14C
Information statement
1 Feb 24
S-8
Registration of securities for employees
30 Jan 24
8-K
Departure of Directors or Certain Officers
29 Jan 24
PRE 14C
Preliminary information
18 Jan 24
8-K
Amendments to Articles of Incorporation or Bylaws
4 Jan 24
EFFECT
Notice of effectiveness
2 Jan 24
Transcripts
NREF
Earnings call transcript
2023 Q4
29 Feb 24
NREF
Earnings call transcript
2023 Q3
2 Nov 23
NREF
Earnings call transcript
2023 Q2
27 Jul 23
NREF
Earnings call transcript
2023 Q1
27 Apr 23
NREF
Earnings call transcript
2022 Q4
23 Feb 23
NREF
Earnings call transcript
2022 Q3
29 Oct 22
NREF
Earnings call transcript
2022 Q2
31 Jul 22
NREF
Earnings call transcript
2022 Q1
30 Apr 22
NREF
Earnings call transcript
2021 Q4
17 Feb 22
NREF
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 12.92 mm | 12.92 mm | 12.92 mm | 12.92 mm | 12.92 mm | 12.92 mm |
Cash burn (monthly) | 2.89 mm | 1.13 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 19.29 mm | 7.55 mm | n/a | n/a | n/a | n/a |
Cash remaining | -6.37 mm | 5.37 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.2 | 4.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
99.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 55 |
Opened positions | 5 |
Closed positions | 5 |
Increased positions | 24 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 180.05 bn |
Total shares | 17.45 mm |
Total puts | 6.00 k |
Total calls | 8.40 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Highland Capital Management Fund Advisors | 8.59 mm | $133.88 bn |
Dondero James D | 5.69 mm | $94.70 mm |
BLK Blackrock | 630.19 k | $9.82 bn |
Vanguard | 411.36 k | $6.41 bn |
GS Goldman Sachs | 232.17 k | $3.62 bn |
Raymond James & Associates | 226.55 k | $3.53 bn |
Kennedy Capital Management | 225.57 k | $3.52 bn |
Geode Capital Management | 187.20 k | $2.92 bn |
Raymond James Financial Services Advisors | 184.75 k | $2.88 bn |
STT State Street | 141.68 k | $2.21 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Dennis Charles Sauter Jr | Common Stock | Payment of exercise | Dispose F | No | No | 13.04 | 1,148 | 14.97 k | 18,600 |
4 Apr 24 | Dennis Charles Sauter Jr | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,238 | 0.00 | 19,748 |
4 Apr 24 | Dennis Charles Sauter Jr | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,238 | 0.00 | 9,715 |
4 Apr 24 | Mitts Brian | Common Stock | Payment of exercise | Dispose F | No | No | 13.04 | 1,926 | 25.12 k | 64,683 |
4 Apr 24 | Mitts Brian | Common Stock | Option exercise | Acquire M | No | No | 0 | 6,837 | 0.00 | 66,609 |
4 Apr 24 | Mitts Brian | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 6,837 | 0.00 | 20,512 |
4 Apr 24 | Matt McGraner | Common Stock | Payment of exercise | Dispose F | No | No | 13.04 | 11,055 | 144.16 k | 183,053 |
4 Apr 24 | Matt McGraner | Common Stock | Option exercise | Acquire M | No | No | 0 | 32,010 | 0.00 | 194,108 |
4 Apr 24 | Matt McGraner | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 32,010 | 0.00 | 96,031 |
4 Apr 24 | Carol Swain | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,274 | 0.00 | 4,274 |
News
Keefe, Bruyette & Woods Maintains Market Perform on NexPoint Real Est Finance, Lowers Price Target to $14
10 Apr 24
Keefe, Bruyette & Woods Maintains Market Perform on NexPoint Real Est Finance, Lowers Price Target to $15
11 Mar 24
NexPoint Real Estate Q4 2023 Adj EPS $0.44 Misses $0.47 Estimate
29 Feb 24
Earnings Scheduled For February 29, 2024
29 Feb 24
Press releases
NexPoint Real Estate Finance, Inc. Announces First Quarter 2024 Earnings Conference Call
1 Apr 24
NexPoint Real Estate Finance, Inc. Announces Record Date and Date of 2024 Annual Meeting of Stockholders
19 Mar 24
NexPoint Real Estate Finance, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
5 Feb 24
NexPoint Real Estate Finance Announces 2023 Dividend Income Tax Treatment
30 Jan 24