Welcome to our dedicated page for NexPoint Real Estate Finance SEC filings (Ticker: NREF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
NexPoint Real Estate Finance, Inc. filings document the regulatory record of a publicly traded REIT with common stock and Series A cumulative redeemable preferred stock listed on the NYSE. Its 8-K filings report quarterly results, earnings presentations, non-GAAP distribution measures, secured financing arrangements, promissory notes, participation agreements and preferred-stock capital actions.
The company’s SEC record also includes proxy materials for annual stockholder meetings and governance votes, registration-related disclosures for preferred stock offerings, dealer manager arrangements, capital structure details, risk-related financing terms, and reporting on the role of its operating partnership and external manager.
NexPoint Real Estate Finance, Inc. (NREF) amended its senior secured term loan facility with Mizuho Capital Markets LLC. The amendment increases the maximum borrowing capacity from $375.0 million to $450.0 million. As of August 17, 2026, $412.2 million was outstanding under the facility, which is full-term, interest-only, and matures on May 1, 2029, with two optional six‑month extensions.
The facility continues to bear interest at daily compounded SOFR, with a 2.0% floor, plus 4.0% per annum, and remains secured by pledged investment assets. Mandatory prepayments from repayments of pledged assets are now tiered at 100%, then 75%, then 50% as outstanding balances decline below $384.0 million and $300.0 million. NexPoint and Mizuho also amended and restated a Total Return Swap so that the referenced principal matches the facility, with a current reference amount of $412.2 million and maximum of $450.0 million. The company states this TRS amendment reduces its net interest cost, and it transferred about $144.3 million of cash collateral to Mizuho and will pay an upfront fee.
NexPoint Real Estate Finance, Inc. reported total assets of $5.37 billion at June 30 2026, slightly above $5.32 billion at year-end 2025, with mortgage loans held in variable interest entities of $3.82 billion and loans held-for-investment, net, of $808.6 million. Total liabilities were $4.51 billion, including $3.65 billion of CMBS bonds payable, and stockholders’ equity was $379.7 million.
For the quarter, net interest income rose to $16.5 million from $12.1 million a year earlier, but net income attributable to common stockholders declined to $5.4 million from $12.3 million. Diluted EPS was $0.29 versus $0.54. For the first six months, net income attributable to common stockholders was $15.5 million compared with $28.8 million, while dividends on common stock totaled $1.00 per share.
The loan portfolio had an outstanding face amount of $838.8 million, concentrated in life science, multifamily and single-family rental collateral. The current expected credit loss reserve was $26.5 million, with two loans individually evaluated and nonaccrual balances of $23.3 million. Cash, cash equivalents and restricted cash increased to $138.2 million, supported by strong investing cash inflows and a $180.0 million repayment of unsecured notes.
NexPoint Real Estate Finance reported Q2 2026 net income attributable to common stockholders of $5.4 million, or $0.29 per diluted share, and cash available for distribution (CAD) of $13.9 million, or $0.58 per diluted share. Earnings available for distribution (EAD) were about $11.2 million, or $0.46 per diluted share.
The investment portfolio totaled $1.1 billion across 85 investments, focused on single-family rental, multifamily, life sciences, self-storage, marinas and industrial assets, with a weighted-average loan-to-value of 63.4% and debt service coverage of 1.39x. During the quarter, the company funded several high-coupon loans and raised $22.6 million of Series C preferred equity.
For Q3 2026, guidance for net income attributable to common stockholders is $7.4–$9.8 million, with EAD of $9.2–$11.6 million and CAD of $12.1–$14.4 million. At the midpoint, EAD and CAD per diluted common share are $0.435 and $0.555, supporting a declared quarterly common dividend of $0.50.
NexPoint Real Estate Finance, Inc. held its Annual Meeting of Stockholders on June 2, 2026, and all proposals described in its April 20, 2026 proxy statement were approved. A total of 18,686,983 shares of common stock were entitled to vote, based on shares outstanding as of March 27, 2026.
Seven directors were elected, each receiving roughly 12.4 million to 13.1 million votes in favor, with additional broker non-votes. Stockholders approved the advisory vote on executive compensation and supported holding future advisory votes on pay every year. The board then decided to conduct these say‑on‑pay votes on an annual basis.
Another proposal received 16,347,949 votes for, 53,163 against, and 8,210 abstentions, with no broker non‑votes, and was also approved.
NexPoint Real Estate Finance, Inc. reported first‑quarter 2026 net income of $22.6 million, with net income attributable to common stockholders of $10.0 million. Basic earnings per common share were $0.54 and diluted earnings per share were $0.42, while the quarterly common dividend remained $0.50 per share.
Total assets were $5.23 billion as of March 31, 2026, including $788.3 million of loans held for investment and $3.87 billion of mortgage loans in consolidated CMBS entities. Total liabilities were $4.39 billion, with bonds in variable interest entities of $3.69 billion and unsecured notes of $230.6 million.
The company recorded a $3.0 million reversal of credit losses and ended the quarter with cash, cash equivalents and restricted cash of $25.2 million. Management highlighted significant debt obligations maturing within 12 months but noted that 5.75% senior notes were subsequently refinanced, and it expects to meet remaining obligations through extensions, refinancing and operating cash flows.
NexPoint Real Estate Finance, Inc., through its operating partnership, entered into a secured $20.0 million revolving credit agreement with VineBrook Homes Operating Partnership, L.P. at a fixed interest rate of 9.75% per annum.
The facility matures on May 7, 2028, with two one-year extension options available to the borrower upon meeting customary conditions and paying a 0.50% extension fee on the aggregate commitment. The agreement includes a 1.00% origination fee on each advance and allows the borrower, with the lender’s approval, to increase the revolving commitment to up to $30.0 million. The loan is secured by properties acquired with the proceeds and is governed by customary financial covenants and events of default.
NexPoint Real Estate Finance, Inc. entered into a new $375.0 million senior secured term loan Facility with Mizuho Capital Markets LLC, secured by certain investment assets pledged by the company and its subsidiaries. The Facility is interest-only, full-term and matures on May 1, 2029, with two additional six-month extensions at the company’s option.
The company drew $310.0 million on April 29, 2026 and used $185.2 million of the proceeds to repay its 5.75% senior unsecured notes due May 1, 2026, extending its debt maturity profile. The Facility bears a variable rate based on daily compounded SOFR, with a 2.0% floor plus 4.0% per year.
At the same time, NexPoint entered into a Total Return Swap (TRS) with Mizuho on a notional amount of $310.0 million. Under the TRS, NexPoint pays USD-SOFR, subject to a 2.00% floor plus 2.45% per year, and receives payments tied to interest due on the Facility, effectively reducing its net interest cost to USD-SOFR plus 2.45%. The Facility includes customary covenants and mandatory prepayment provisions tied to repayments of pledged assets.
NexPoint Real Estate Finance reported first quarter 2026 net income attributable to common stockholders of $10.0 million, or $0.42 per diluted share, reflecting earnings from its primarily multifamily, single-family rental, self-storage and life science lending portfolio.
The company generated earnings available for distribution (EAD) of $10.0 million, or $0.43 per diluted common share, and cash available for distribution (CAD) of $13.5 million, or $0.58 per diluted common share. CAD covered the first quarter $0.50 common dividend with a 1.16x ratio.
Book value including redeemable noncontrolling interests was $433.7 million, or $18.96 per common share as of March 31, 2026. The portfolio totaled about $1.1 billion of investments with a weighted-average loan-to-value of 59.9% and debt service coverage of 1.32x, indicating a conservatively structured credit profile.
For second quarter 2026, the company guided to EAD of $0.38–$0.48 and CAD of $0.49–$0.59 per diluted common share, implying expected CAD coverage of the declared $0.50 quarterly dividend.
NexPoint Real Estate Finance, Inc. is asking stockholders to vote at its June 2, 2026 virtual annual meeting on six items, including electing seven directors, approving executive pay on an advisory basis, setting the frequency of future pay votes, and ratifying KPMG as auditor for 2026.
Stockholders are also being asked to approve, under NYSE Section 312.03, the potential issuance of common stock to redeem 8.00% Series C Cumulative Redeemable Preferred Stock, including shares held by related parties. Holders of record of common stock as of March 27, 2026, when 18,686,983 shares were outstanding, may vote electronically before or during the meeting.