NexPoint Real Estate Finance (NREF) Accumulated Expenses (2020 - 2025)
NexPoint Real Estate Finance (NREF) recorded Accumulated Expenses of $2.31 million in Q3 2025, down 20.4% from $2.9 million a year earlier and down 3.8% from the prior quarter.
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Analysis
NexPoint Real Estate Finance (NREF) Accumulated Expenses (2020 - 2025) Analysis & Trends
At the end of FY2024, NexPoint Real Estate Finance reported Accumulated Expenses of $3.21 million, down 0.2% from FY2023.
- Annual Accumulated Expenses has a four-year compound annual growth rate of 41.8% (FY2020 to FY2024).
- Across earlier years, Accumulated Expenses came in at $3.22 million in FY2023 (+0.4%), $3.21 million in FY2022 (+113.8%), $1.5 million in FY2021 (+88.9%) and $794,000 in FY2020.
- The Q3 2025 figure is the lowest quarterly Accumulated Expenses since Q3 2022.
- On a year-over-year basis, Accumulated Expenses has declined for four consecutive quarters, with an average decline of 5.0% over the last eight quarters.
- Peak year-over-year performance for Accumulated Expenses in the last five years was growth of 232.9% in Q2 2021, against a decline of 25.0% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.4 million (Q2 2025), $2.92 million (Q1 2025) and $3.21 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | NexPoint Real Estate Finance | 231.64 Mn | -336.77 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 2.31 Mn |
| Jun 30, 2025 | 2.40 Mn |
| Mar 31, 2025 | 2.92 Mn |
| Dec 31, 2024 | 3.21 Mn |
| Sep 30, 2024 | 2.90 Mn |
| Jun 30, 2024 | 3.20 Mn |
| Mar 31, 2024 | 3.66 Mn |
| Dec 31, 2023 | 3.22 Mn |
| Sep 30, 2023 | 2.74 Mn |
| Jun 30, 2023 | 2.78 Mn |
| Mar 31, 2023 | 3.51 Mn |
| Dec 31, 2022 | 3.21 Mn |
| Sep 30, 2022 | 2.17 Mn |
| Jun 30, 2022 | 1.48 Mn |
| Mar 31, 2022 | 1.51 Mn |
| Dec 31, 2021 | 1.50 Mn |
| Sep 30, 2021 | 1.28 Mn |
| Jun 30, 2021 | 1.30 Mn |
| Mar 31, 2021 | 771,000.00 |
| Dec 31, 2020 | 794,000.00 |
API Access
NexPoint Real Estate Finance Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=NREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "NREF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=NREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();