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. 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.
NexPoint Real Estate Finance, Inc. is soliciting proxies for its virtual 2026 annual meeting to be held June 2, 2026 at 10:30 a.m. Central Time. The meeting will be held exclusively online and stockholders of record as of March 27, 2026 (18,686,983 shares outstanding) may vote.
Agenda items include election of seven directors; advisory votes on named executive officer compensation and its frequency; approval, under NYSE Section 312.03, to issue common stock upon redemptions of Series C Preferred Stock issued in a continuous registered offering (up to 8,000,000 shares authorized for the offering); and ratification of KPMG LLP as independent auditors. Proxy voting, registration and legal-proxy procedures are described for holders of record and street holders.
NexPoint Real Estate Finance director Catherine D. Wood reported compensation-related equity activity. On April 2, 2026, she received a grant of 6,154 restricted stock units, each representing a right to one share of common stock, scheduled to vest on April 2, 2027. On April 3, 2026, she exercised 5,518 previously granted restricted stock units into 5,518 shares of common stock at no exercise price. Following these transactions, she holds 30,228 shares of common stock directly, along with 6,154 unvested restricted stock units that will generally settle within 30 days after vesting, in shares or cash at the Compensation Committee’s discretion.
NexPoint Real Estate Finance, Inc. director Carol Swain reported routine equity compensation activity. On April 2, 2026, she received a grant of 6,154 restricted stock units (RSUs), each representing a contingent right to one share of common stock, vesting on April 2, 2027, with settlement generally within 30 days and potentially in cash.
On April 3, 2026, a prior award of 5,518 RSUs granted on April 3, 2025 vested and was exercised into common stock, and a portion was disposed of back to the issuer and settled in cash. After these transactions, she directly held 11,563 shares of common stock.
NexPoint Real Estate Finance General Counsel and Secretary Dennis Charles Sauter Jr reported routine equity compensation activity. On April 3–4, he exercised restricted stock units into 7,549 shares of common stock, with 2,699 shares withheld to cover tax obligations. After these transactions, he directly held 33,017 common shares.
On April 2, he also received a new award of 32,308 restricted stock units, each representing one share of common stock. This award vests in four installments between April 2027 and February 2030, with settlement generally within 10 days of each vesting date and potentially in cash at the Compensation Committee’s discretion.