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	Aug '26 Aug 11, 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	383	262	274	271	271	176
Market Cap Growth	51.68%	-4.54%	0.94%	0.00%	53.85%	112.61%
Last Close Price	16.63	14.08	15.69	15.75	15.89	19.25
PE Ratio	7.47	4.94	15.38	26.25	72.23	4.90
Forward PE	9.55	7.36	6.38	8.33	7.87	7.87
PS Ratio	2.53	1.67	3.77	6.45	6.72	1.81
PB Ratio	0.83	0.67	0.82	0.78	0.71	0.74
P/TBV Ratio	-	1.53	0.82	0.78	0.93	1.65
P/FCF Ratio	26.06	12.18	9.65	8.75	-	9.04
P/OCF Ratio	23.53	11.41	9.36	8.60	4.12	3.58
Debt / Equity Ratio	9.59	4.84	7.60	12.58	12.07	13.67
Debt / FCF Ratio	-	187.62	153.11	180.64	-	355.06
Net Debt / Equity Ratio	-	10.30	13.02	16.09	17.07	28.96
Net Debt / FCF Ratio	-	186.02	152.87	180.10	-55.15	353.35
Asset Turnover	0.03	0.03	0.01	0.01	0.00	0.01
Return on Equity (ROE)	18.63%	17.55%	7.07%	3.78%	2.70%	18.33%
Earnings Yield	16.28%	20.24%	6.50%	3.81%	1.38%	20.42%
FCF Yield	3.84%	8.21%	10.36%	11.43%	-	11.06%
Dividend Yield	12.03%	14.21%	12.76%	17.70%	12.71%	11.15%
Payout Ratio	89.89%	46.71%	196.94%	461.10%	517.22%	35.79%
Buyback Yield / Dilution	-81.34%	-141.41%	-1.18%	23.47%	-10.36%	-9.21%
Total Shareholder Return	-69.31%	-127.21%	11.58%	41.18%	2.35%	1.93%

SEC Filings: 10-K · 10-Q