NexPoint Real Estate Finance (NREF) Debt to Equity (2020 - 2026)

NexPoint Real Estate Finance (NREF) recorded quarterly Debt to Equity of $0.27 in Q1 2026, little changed quarter-over-quarter from $0.27 in Q4 2025, and down 57.61% on a YoY basis from $0.64 in Q1 2025.

NexPoint Real Estate Finance (NREF) Debt to Equity (2020 - 2026) Analysis & Trends

NexPoint Real Estate Finance's Debt to Equity history runs 7 years deep, the most recent figure standing at $0.27 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 57.61% year-over-year to $0.27; the TTM figure through Mar 2026 stood at $0.27 (down 57.61% YoY), while the FY2025 annual figure was $0.27, down 3.57% from the prior year.
  • Debt to Equity was $0.27 for Q1 2026 at NexPoint Real Estate Finance, roughly flat from $0.27 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.82 in Q1 2023 to a low of $0.09 in Q2 2023.
  • Historically, Debt to Equity has averaged $0.5 across 5 years, with a median of $0.3 in 2022.
  • The sharpest annual moves came in 2022 and 2024: Debt to Equity tumbled 95.85% in 2022, then jumped 796.96% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $0.46 in 2022, then sank by 39.75% to $0.28 in 2023, then rose by 3.05% to $0.28 in 2024, then decreased by 3.57% to $0.27 in 2025, then declined by 0.2% to $0.27 in 2026.
  • The last three Debt to Equity figures came in at $0.27 (Q1 2026), $0.27 (Q4 2025), and $0.69 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 1.89
2 AGNC Investment 11.42 Bn 10.75 Bn - 7.19
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.61
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.23
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 7.90
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.06
10 NexPoint Real Estate Finance 296.38 Mn 303.38 Mn - 0.27

Historic Data

Download Data
DateValue
Mar 31, 2026 0.27
Dec 31, 2025 0.27
Sep 30, 2025 0.69
Jun 30, 2025 0.75
Mar 31, 2025 0.64
Dec 31, 2024 0.28
Sep 30, 2024 0.76
Jun 30, 2024 0.78
Mar 31, 2024 0.29
Dec 31, 2023 0.28
Sep 30, 2023 0.09
Jun 30, 2023 0.09
Mar 31, 2023 1.82
Dec 31, 2022 0.46
Sep 30, 2022 0.30
Jun 30, 2022 0.30
Mar 31, 2022 0.34
Dec 31, 2021 3.21
Sep 30, 2021 4.78
Jun 30, 2021 7.31