NREF, NREF-PA · CIK 0001786248 · operating
NexPoint Real Estate Finance is a mortgage REIT that originates, structures, and invests in commercial real estate debt and equity instruments. The company's primary focus is first-lien mortgage loans and mezzanine loans secured by multifamily properties, though it also pursues preferred equity, convertible notes, and common equity investments. Additionally, the company participates in multifamily and single-family rental commercial mortgage-backed securities securitizations, as well as other credit facilities and structured investments.
The company operates across multiple revenue streams derived from its lending and investment activities. These include origination and servicing fees from mortgage loans, interest income on its debt portfolio, and returns from equity and convertible investments. NexPoint also engages in securitization transactions, which provide fee income and opportunities to retain investments in the resulting securities.
Incorporated in 2019 and headquartered in Dallas, Texas, NexPoint operates with a minimal employee footprint while maintaining exposure to the commercial real estate finance market. The company has elected REIT status, requiring it to distribute at least 90 percent of taxable income to shareholders annually. Its operations are concentrated in the United States, with investment activity focused on multifamily and single-family rental properties.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $1.02 | $1.02 | +70.0% | |
| 2023 | $0.60 | $0.60 | +172.7% | |
| 2022 | $0.22 | $0.22 | -94.4% | |
| 2021 | $3.93 | $6.00 | +125.9% | |
| 2020 | $1.74 | $2.13 | — |