NREF Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	354	262	274	271	271	176
Market Cap Growth	26.82%	-4.54%	0.94%	0.00%	53.85%	112.61%
Last Close Price	15.38	14.08	15.69	15.75	15.89	19.25
PE Ratio	6.06	4.94	15.38	26.25	72.23	4.90
Forward PE	8.92	7.36	6.38	8.33	7.87	7.87
PS Ratio	2.28	1.67	3.77	6.45	6.72	1.81
PB Ratio	0.74	0.67	0.82	0.78	0.71	0.74
P/TBV Ratio	1.82	1.53	0.82	0.78	0.93	1.65
P/FCF Ratio	-	12.18	9.65	8.75	-	9.04
P/OCF Ratio	21.76	11.41	9.36	8.60	4.12	3.58
Debt / Equity Ratio	4.74	4.84	7.60	12.58	12.07	13.67
Debt / FCF Ratio	273.91	187.62	153.11	180.64	-	355.06
Net Debt / Equity Ratio	10.36	10.38	13.05	16.14	17.13	29.10
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	19.53%	20.24%	6.50%	3.81%	1.38%	20.42%
FCF Yield	-	8.21%	10.36%	11.43%	-	11.06%
Dividend Yield	13.00%	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	-94.54%	-127.21%	11.58%	41.18%	2.35%	1.93%

SEC Filings: 10-K · 10-Q