NREF reported Q4 2025 net income attributable to common stockholders of USD 13.6 million, or USD 0.52 per diluted share. Cash available for distribution (CAD) was USD 12.2 million, or USD 0.53 per diluted common share, while earnings available for distribution $(EAD)$ totaled USD 11.0 million, or USD 0.48 per diluted common share. As of December 31, 2025, NREF’s total portfolio was USD 1.2 billion across 92 investments, with the investment portfolio allocated 47.0% to multifamily and 29.5% to life sciences, alongside 16.6% single-family rental, 2.6% marinas, 2.4% self-storage and 1.9% industrial. The weighted-average LTV and DSCR on senior loans, CMBS, CMBS I/O strips, preferred equity and mezzanine investments were 63.6% and 1.24x, respectively. During Q4, NREF funded USD 5.7 million on a loan priced at SOFR + 900 bps, USD 17.4 million across two marina loans priced at 13.0%, and USD 22.5 million on a loan priced at 11.0%, and raised USD 60.5 million in gross proceeds from a Series B preferred stock offering. NREF also announced a Q1 2026 dividend of USD 0.50 per common share. For Q1 2026, NREF guided to EAD per diluted common share of USD 0.40 at the midpoint and CAD per diluted common share of USD 0.50 at the midpoint, with net income attributable to common stockholders estimated at USD 6.5 million to USD 8.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexpoint Real Estate Finance Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-073197), on February 26, 2026, and is solely responsible for the information contained therein.