NREF Stock — Nexpoint Real Estate Finance Inc

Nexpoint Real Estate Finance Inc (NREF)

NREF is a Stock. its distribution rate is 12.51%, its trailing-12-month yield is 12.29%. Dividend Vision Distribution Safety Score™ is 77/100 (Generally safe). Total return is 96.4% over the past 6.6 years, 55.8 points behind SPY at 152.2%.

At the current 12.51% distribution rate, a $10,000 investment would generate approximately $1,251 per year, or about $312.75 per quarter if the next payment matches the last regular one.

NexPoint Real Estate Finance is a commercial mortgage REIT that originates, structures, and invests in first-lien mortgage loans, preferred equity, mezzanine loans, and other real estate debt instruments, along with multifamily and single-family rental commercial mortgage-backed securities. The company pays quarterly distributions and currently maintains a high distribution rate. This REIT appeals to income-focused investors seeking exposure to commercial real estate lending and debt instruments.

NREF performance versus SPY

Price and return data through 2026-09-18.

Total return is 96.4% over the past 6.6 years, 55.8 points behind SPY at 152.2%. Over the past year its total return — price change plus distributions reinvested — is 30.8%. Its deepest 1-year drawdown was 11.5%.

NREF key facts

Distribution Safety Score™

77 · Generally safe

Safety-Adjusted Yield

9.63%

Asset type

Stock

Asset class

Equity

Inception date

02/07/2020

Distribution rate

12.51%

Distribution frequency

Quarterly

Trailing yield

12.29%

5-year average yield

12.31

Last close

$16.27 (as of 2026-09-18)

Market cap

$306,657,432

Average volume

170239.0

Next dividend

$0.50

Last ex-dividend date

09/15/2026

Next payment date

09/30/2026

Beta

1.145

Payout ratio

0.0165

P/E ratio

6.95

Forward P/E

0.0

EPS

$2.34

How Dividend Vision calculates yield and returns

Distribution rate (12.51%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (12.29%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NREF risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.5%.

Who may consider NREF — and who may not

It is a weaker fit for investors who need monthly cash flow (NREF pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions