NREF

NexPoint Real Estate Finance, Inc.

Real Estate · $300M market cap

Verdict

Share price

$15.81

close of Oct 3, 2026

Fair value

$23.01

Sticker Price

Payback Price

$9.20

buy price

Undervalued

NREF is Undervalued: at $15.81 it trades 31% below its fair value of $23.01. Its buy price (Payback Price) is $9.20, 42% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth42.6% a year✓
Equity per share growth3.5% a year✗
Sales growth29.7% a year✓
Free cash flow growth-14.8% a year✗
Return on invested capital1.7%✗

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About NexPoint Real Estate Finance, Inc.

NexPoint Real Estate Finance, Inc. (NREF) is a U.S.-based real estate finance firm. Its core activities involve the origination, structuring, and investment in a diverse range of real estate-backed financial products. These encompass senior mortgage debt, mezzanine debt, preferred equity, preferred stock, and securitized multifamily commercial mortgage-backed securities. The company aims to qualify as a Real Estate…

REIT - Mortgage

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works