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 director Brian Mitts reported a mix of equity compensation transactions involving restricted stock units and common stock. He exercised 5,538 restricted stock units into common shares at a price of $0.0000 per share, increasing his direct common stock holdings before subsequent dispositions.
On the same day, he disposed of 830 common shares in a transaction coded as a disposition to the issuer and a further 2,806 shares in a tax-withholding transaction at $14.86 per share, ending with 83,711 directly held common shares. An additional 95 common shares are held indirectly "by child." The footnotes explain these RSUs were part of a 22,155-unit grant from February 21, 2022 that vested in four annual installments through February 21, 2026, with settlement allowed in cash at the Compensation Committee’s discretion.
NexPoint Real Estate Finance, Inc. disclosed that its operating partnership loaned $16.7 million on January 16, 2026 to NexPoint Storage Partners Operating Company, LLC under a new promissory note. The note allows NSP OC to borrow up to $40 million, carries a 14% per annum interest rate payable in kind, is interest-only, and matures on January 16, 2031.
The loan is secured by a first-priority lien on specified rent, fee and disposition income streams and related deposit accounts of NSP OC, its subsidiaries and certain NexPoint-affiliated entities. The note is subordinated to NexPoint Storage Partners, Inc.’s mandatorily redeemable Series D Preferred Stock, which is redeemable on December 8, 2028 with two possible one-year extensions, and generally limits payments on the note to in-kind interest until that preferred stock is fully redeemed or consents are obtained.
The Ohio State Life Insurance Company agreed to purchase $5 million of principal amount of the note at par plus accrued interest before the end of the second quarter of 2026. As of January 16, 2026, NexPoint Real Estate Finance owned about 25.4% of NSP’s common stock and its operating partnership held about 95.4% of NSP’s 15.0% Cumulative Series G Preferred Stock, with most NSP equity held by accounts advised by NexPoint and its affiliates.
NexPoint Real Estate Finance, Inc. insider group updates its ownership disclosure. As of January 1, 2026, James D. Dondero may be deemed to beneficially own 10,034,227.88 shares of common stock of NexPoint Real Estate Finance, Inc., representing approximately 54.0% of the outstanding shares. Related entities NexPoint Advisors, L.P., NexPoint Asset Management, L.P., Highland Opportunities and Income Fund, NexPoint Diversified Real Estate Trust, and Nancy Marie Dondero report additional beneficial ownership stakes ranging from about 1.8% to 30.7%.
The amendment reflects recent activity including the acquisition of 852,273 shares on December 30, 2025 through the redemption of an equal number of operating partnership units with an aggregate value of $11,897,731.08, as well as smaller purchases through dividend reinvestment by a trust of which Nancy Marie Dondero is trustee and by James D. Dondero.
NexPoint Real Estate Finance, Inc. insider James Dondero, a director, 10% owner and President, reported changes in his indirect holdings of the company’s common stock. On 12/30/2025, 852,273 Class C OP Units in NexPoint Real Estate Finance Operating Partnership, L.P. were redeemed for an equal number of NexPoint Real Estate Finance common shares and distributed to NexPoint Diversified Real Estate Operating Partnership, L.P. (NXDT OP).
Following this transaction, large blocks of NREF shares are held across several NexPoint-related entities and funds, including NXDT OP, NexPoint Diversified Real Estate Trust, NexPoint Real Estate Strategies Fund, NexPoint Capital, Inc., Highland Global Allocation Fund and Highland Opportunities and Income Fund, as well as certain trusts and a limited liability company. These entities are managed or advised by NexPoint-affiliated managers, and Mr. Dondero may be deemed an indirect beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.
NexPoint Real Estate Finance, Inc. director reported a recent stock transaction in company shares. On 12/18/2025, the reporting person disposed of 11,904 shares of common stock at a price of $14.51 per share through a 401(k) plan, leaving no shares held in that plan after the transaction. Following this activity, the director beneficially owns 81,809 shares of common stock directly and 95 shares indirectly through a child, reflecting their current reported stake in the company.
NREF filed a Rule 144 notice covering a proposed sale of 11,904 shares of common stock through broker Charles Schwab & Co. Inc. on or about 12/12/2025, to be sold on the NYSE at an aggregate market value of $180,583.68. The issuer had 17,721,828 shares outstanding at the time referenced. The seller acquired these shares on 02/11/2020 through purchases of issuer securities in a 401(k) plan, with cash payment dated 12/31/2024. By signing the notice, the seller represents they are not aware of undisclosed material adverse information about the issuer’s current or prospective operations.
NexPoint Real Estate Finance, Inc. reported that it has closed its 9.00% Series B Cumulative Redeemable Preferred Stock offering and has launched a new 8.00% Series C Cumulative Redeemable Preferred Stock offering. These preferred shares are a separate class from the company’s common stock and existing 8.50% Series A preferred stock listed on the New York Stock Exchange under the symbols NREF and NREF-PRA. The update was communicated through a press release dated December 10, 2025, which is included as an exhibit.
NexPoint Real Estate Finance (NREF) reported strong Q3 2025 results. Net income was $50.9 million, with net income attributable to common stockholders of $35.0 million. Basic and diluted EPS were $1.98 and $1.14, respectively. Net interest income held steady at $12.5 million, while other income rose on valuation changes, including a $50.4 million unrealized gain on preferred stock and warrant investments and $5.8 million of dividend income. The quarter also included a $15.7 million provision for credit losses.
For the first nine months, net income reached $99.1 million and basic/diluted EPS were $3.62/$2.43. The company declared a $0.5000 per-share common dividend for the quarter and has paid $1.5000 per share year-to-date. On the balance sheet, total assets were $5.28 billion, stockholders’ equity was $375.4 million, and cash and cash equivalents were $17.9 million as of September 30, 2025. As of November 12, 2025, common shares outstanding were 17,721,828.
NexPoint Real Estate Finance, Inc. (NREF) amended its Dealer Manager Agreement and launched an offering of up to 8,000,000 shares of 8.00% Series C Cumulative Redeemable Preferred Stock at $25.00 per share, registered on Form S-3 and sold via a November 4, 2025 prospectus supplement on a best‑efforts basis.
The company will pay the dealer manager selling commissions of 7.0% and a dealer manager fee of 3.0%, with total aggregate underwriting compensation capped at 10.0% of gross proceeds. Aggregate offering expenses plus compensation are capped at 15.0% of gross proceeds, with reimbursement for bona fide due diligence expenses permitted within that cap.
NREF filed Articles Supplementary classifying 8,000,000 shares as Series C Preferred. The Series C ranks senior to common stock and pari passu with the 8.50% Series A and 9.00% Series B preferred, with a $25.00 per share liquidation preference plus accrued but unpaid dividends. NREF’s operating partnership authorized 8,000,000 matching Series C preferred units; NREF expects to contribute net offering proceeds to the partnership in exchange for an equal number of units.
NexPoint Real Estate Finance (NREF) launched a primary offering of up to 8,000,000 shares of its 8.00% Series C Cumulative Redeemable Preferred Stock at $25.00 per share, for up to $200,000,000 in gross proceeds. The dealer manager will sell on a “reasonable best efforts” basis. The Series C ranks senior to common stock and pari passu with Series A and Series B preferred for dividends and liquidation.
Assuming all shares are sold with standard fees, estimated net proceeds are about $177,500,000, intended for general corporate purposes, including funding investments and debt repayment via the operating partnership. Dividends accrue at 8.00% of stated value, expected to be authorized quarterly and paid monthly. The Series C is non‑traded with no listing expected. Holders have a redemption option beginning the month after issuance (with declining fees), while the company may redeem at par starting the first quarter after the second anniversary; redemption may be paid in cash or NREF common shares. NREF’s charter includes REIT ownership limits of 6.2%.