NexPoint Real Estate Finance, Inc.
NREFReal Estate · Stock · quarterly payer
Forward Yield
11.39%
Annual Dividend
$2.00
Payout Ratio
85%
5-Yr Growth
7.1%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, NexPoint Real Estate Finance, Inc. (NREF) yields 11.39% ($2.00 per share annually), with a blended fair-value estimate of $40.33 — +134% upside, so it screens as undervalued. Dividend safety grade: D (44/100).
Is NREF a good dividend stock?
MixedNexPoint Real Estate Finance, Inc. (NREF) pays a quarterly dividend yielding 11.39% ($2.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 7.1% 5-yr dividend growth
Risks
- Cut its dividend in 2024
- Elevated payout ratio (85%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 11.39%
- Payout Ratio
- 85%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 7.1%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.15
- Market Cap
- $406.8M
- P/E Ratio
- 7.5
- 5-Yr Total Return
- -11%
- 52-Week Range
- $12.36 – $18.43
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
NREF Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+5%
5 Years
-11%
52-Week Range
$12.36 – $18.43
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NREF worth?
Undervaluedlow confidenceOur blended fair-value estimate for NexPoint Real Estate Finance, Inc. is $40.33 per share, versus a market price of $17.24. That implies 134% of upside — a margin of safety of about 57%.
Fair Value
$40.33
Current Price
$17.24
Upside
+134%
Margin of Safety
57%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.0% discount rate (CAPM), 13.1% stage-1 growth, 2.5% terminal growth, $2.32 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NREF Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.5000 | regular |
| Mar 13, 2026 | — | $0.5000 | regular |
| Dec 15, 2025 | — | $0.5000 | regular |
| Sep 15, 2025 | — | $0.5000 | regular |
| Jun 13, 2025 | — | $0.5000 | regular |
| Mar 14, 2025 | — | $0.5000 | regular |
| Dec 13, 2024 | — | $0.5000 | regular |
| Sep 13, 2024 | — | $0.5000 | regular |
| Jun 14, 2024 | — | $0.5000 | regular |
| Mar 14, 2024 | — | $0.5000 | regular |
| Dec 14, 2023 | — | $0.6850 | regular |
| Sep 14, 2023 | — | $0.6850 | regular |
| Jun 14, 2023 | — | $0.6850 | regular |
| Mar 14, 2023 | — | $0.6850 | regular |
Income Calculator
At $2.00 / yr per share
