NexPoint Real Estate Finance, Inc. (NREF)

NREF Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	349	262	274	271	271	176
Market Cap Growth	35.66%	-4.54%	0.94%	0.00%	53.85%	112.61%
Enterprise Value	4,680	4,733	4,858	5,975	7,008	7,372
Last Close Price	15.13	14.08	15.69	15.75	15.89	19.25
PE Ratio	5.97	4.94	15.38	26.25	72.23	4.90
Forward PE	8.83	7.36	6.38	8.33	7.87	7.87
PS Ratio	2.24	1.67	3.77	6.45	6.72	1.81
PB Ratio	0.73	0.67	0.82	0.78	0.71	0.74
P/TBV Ratio	1.79	1.53	0.82	0.78	0.93	1.65
P/FCF Ratio	-	12.18	9.65	8.75	-2.28	9.04
P/OCF Ratio	21.41	11.41	9.36	8.60	4.12	3.58
EV/Sales Ratio	30.07	30.18	66.91	141.95	173.50	75.71
EV/EBITDA Ratio	-	1550.34	325.73	1554.30	669.32	1121.54
EV/FCF Ratio	-	220.49	171.17	192.55	-58.96	377.87
Debt / Equity Ratio	4.74	4.84	7.60	12.58	12.07	13.67
Debt / EBITDA Ratio	705.88	1319.24	291.36	1458.15	628.02	1053.82
Debt / FCF Ratio	273.91	187.62	153.11	180.64	-55.32	355.06
Net Debt / Equity Ratio	10.36	10.38	13.05	16.14	17.13	29.10
Net Debt / EBITDA Ratio	705.88	1319.24	291.36	1458.15	628.02	1053.82
Net Debt / FCF Ratio	273.91	187.62	153.11	180.64	-55.32	355.06
Asset Turnover	0.03	0.03	0.01	0.01	0.00	0.01
Return on Equity (ROE)	14.25%	17.55%	7.07%	3.78%	2.70%	18.33%
Earnings Yield	19.86%	20.24%	6.50%	3.81%	1.38%	20.42%
FCF Yield	-	8.21%	10.36%	11.43%	-43.80%	11.06%
Dividend Yield	13.22%	14.21%	12.76%	17.70%	12.71%	11.15%
Payout Ratio	78.86%	46.71%	196.94%	461.10%	517.22%	35.79%
Buyback Yield / Dilution	-107.54%	-141.41%	-1.18%	23.47%	-10.36%	-9.21%
Total Shareholder Return	-94.32%	-127.21%	11.58%	41.18%	2.35%	1.93%

Updated May 15, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q