NexPoint Real Estate Finance Announces Full Subscription and Closing of Series B Preferred Stock Offering and Launch of Series C
Rhea-AI Summary
NexPoint Real Estate Finance (NREF) announced the closing of its 9.00% Series B cumulative redeemable preferred stock offering, raising approximately $404.5 million in gross proceeds and fully subscribing the initial $400 million amount. Simultaneously, NREF launched a $200 million Series C preferred offering at $25.00 per share with a first scheduled close on December 19, 2025. The company said the Series B proceeds will strengthen the balance sheet and expand its real estate lending portfolio, while Series C aims to provide stable income for investors and support strategic growth.
Positive
- Raised approximately $404.5 million gross from Series B offering
- Launched $200 million Series C offering at $25.00 per share
- Series B coupon 9.00% and Series C coupon 8.00%
- First scheduled close for Series C on December 19, 2025
Negative
- Adds fixed preferred dividend obligations at 9.00% and 8.00%
- New preferred issuance increases capital claims ahead of common equity
News Market Reaction
On the day this news was published, NREF declined 0.40%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NREF gained 1.96% with elevated volume. Mortgage REIT peers also showed gains: CMTG +1.73%, KREF +1.73%, BRSP +1.37%, TRTX +0.66%, IVR +0.12%, suggesting a generally positive REIT backdrop but without scanner-confirmed sector momentum.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 05 | Preferred dividend | Positive | +1.0% | Announced dividend on 8.50% Series A preferred stock with set pay date. |
| Nov 04 | Preferred offering launch | Positive | -0.1% | Launched $200M continuous offering of 8.00% Series C preferred shares. |
| Oct 30 | Earnings and guidance | Positive | +1.1% | Reported strong Q3 results and issued Q4 2025 earnings and CAD guidance. |
| Oct 28 | Common dividend | Positive | -0.2% | Declared $0.50 quarterly regular dividend for common shareholders. |
| Oct 06 | Earnings call notice | Neutral | -1.6% | Scheduled Q3 2025 earnings conference call and detailed access information. |
Recent news has mostly been positive (earnings, dividends, capital raises), with mixed short-term price reactions: some dividend and offering news aligned with modest gains, while other similar items coincided with slight declines.
Over the last few months, NexPoint Real Estate Finance reported strong Q3 2025 results on Oct 30, highlighting $35.0M net income to common stockholders and a $1.1B portfolio, and declared a $0.50 common dividend on Oct 28. It also launched the Series C preferred offering targeting $200M on Nov 04 and continued preferred dividend payments. Today’s completion of the Series B raise and ongoing Series C efforts extend this capital-raising and income-focused narrative.
Market Pulse Summary
This announcement highlights NREF’s completion of its 9.00% Series B preferred stock raise, totaling about $404.5 million, and the launch of a new $200 million 8.00% Series C preferred offering at $25.00 per share. In recent months the company has emphasized earnings strength, common and preferred dividends, and portfolio growth. Investors may watch how deployment of new preferred capital influences leverage, lending activity, and future dividend decisions.
Key Terms
cumulative redeemable preferred stock financial
prospectus supplement regulatory
base prospectus regulatory
FINRA/SIPC regulatory
AI-generated analysis. Not financial advice.
Milestone Reached as NREF Continues Growth in Preferred Stock Program
In tandem with this milestone achievement, NREF is pleased to announce the launch of its
The Series B Preferred Stock offering raised over
Building on the momentum generated by the Series B success, NREF is launching the Series C Preferred Stock offering. The new series is designed to offer investors stable income and limited share price volatility, while supporting NREF's mission to finance high-quality real estate assets across key sectors and markets.
"We are pleased with the strong demand we saw from investors for our Series B Preferred Stock," said Matt McGraner, Chief Investment Officer of NREF. "On the heels of this successful offering, the Series C launch reflects our ongoing commitment to disciplined capital management and strategic growth in real estate finance."
The Series C Preferred Stock offering is being conducted as a public offering under the Company's effective shelf registration statement, filed with the SEC (File No. 333-276177), which became effective on December 29, 2023. To obtain a copy of the final prospectus supplement and the related base prospectus for the Series C Preferred Stock offering, please contact by mail, telephone or email: NexPoint Securities, Inc., member FINRA/SIPC, 200 Crescent Court, Suite 700,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Series C Preferred Stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About NexPoint Real Estate Finance, Inc.
NexPoint Real Estate Finance, Inc. (NYSE: NREF) is a publicly traded REIT with its common stock and Series A Preferred Stock listed on the New York Stock Exchange under the symbols "NREF" and "NREF-PRA," respectively. NREF is primarily focused on originating, structuring, and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily and single-family rental commercial mortgaged-backed securities securitizations, promissory notes, revolving credit facilities and stock warrants. For more information, visit nref.nexpoint.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the anticipated first scheduled close of the Series C Preferred Stock, the Company's ongoing commitment to providing attractive investment solutions and advancing its strategic growth initiatives, the Series C Preferred Stock being designed to offer investors stable income and limited share price volatility and the Company's ongoing commitment to disciplined capital management and strategic growth and other statements identified by words such as "expect," "intend," the negative version of these words and similar expressions that do not relate solely to historical matters. Forward-looking statements are based on NREF's current expectations and assumptions regarding capital market conditions, NREF's business, the economy and other future conditions. Forward-looking statements are subject to risks, uncertainties and assumptions and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond NREF's control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, and those described in greater detail in our filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company's Annual Report on Form 10-K and the Company's other filings with the Securities and Exchange Commission for a more complete discussion of risks and other factors that could affect any forward-looking statement. Any forward-looking statement made in this press release speaks only as of the date on which it is made. NREF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
CONTACTS
Investor Relations
Kristen Griffith
Media Relations
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-real-estate-finance-announces-full-subscription-and-closing-of-series-b-preferred-stock-offering-and-launch-of-series-c-302638401.html
SOURCE NexPoint Real Estate Finance, Inc.
FAQ
How much did NREF (NREF) raise from the Series B preferred offering?
What are the terms of NREF's Series C preferred stock offering (NREF)?
When did NREF (NREF) close the Series B preferred stock offering?
How will the Series B proceeds be used by NREF (NREF)?
Does NREF's new Series C offering require an SEC filing or registration (NREF)?
What is the potential investor impact of NREF's preferred offerings (NREF)?
