NexPoint Real Estate Finance NREF
NYSE NREF
$17.57 -0.22 (-1.24%)
As of: Sep 8, 2026 · 3:59 PM EDT

NexPoint Real Estate Finance (NREF) Operating Expenses (2020 - 2026)

NexPoint Real Estate Finance (NREF) posted Operating Expenses of $10.0 million for Q2 2026, little changed on a QoQ basis from $10.0 million in Q1 2026, and up 8.25% year-over-year from $9.3 million in Q2 2025.

Analysis

NexPoint Real Estate Finance (NREF) Operating Expenses (2020 - 2026) Analysis & Trends

NexPoint Real Estate Finance has reported Operating Expenses for 7 years, with the latest figure at $10.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 8.25% year-over-year to $10.0 million in Q2 2026; TTM through Jun 2026 was $36.2 million, a 5.21% increase from a year earlier, with the FY2025 full-year figure at $33.7 million, down 8.06% from the prior year.
  • Operating Expenses was $10.0 million for Q2 2026 at NexPoint Real Estate Finance, roughly flat from $10.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $11.0 million in Q1 2024, with the low at $3.6 million in Q1 2022.
  • Average Operating Expenses over 5 years is $7.8 million, with a median of $8.1 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 168.61% in 2022, then tumbled 47.47% in 2023.
  • Over 5 years, Operating Expenses stood at $6.8 million in 2022, then decreased by 5.74% to $6.4 million in 2023, then surged by 40.27% to $9.0 million in 2024, then retreated by 13.33% to $7.8 million in 2025, then increased by 29.0% to $10.0 million in 2026.
  • The last three Operating Expenses figures came in at $10.0 million (Q2 2026), $10.0 million (Q1 2026), and $7.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.87 Bn 13.96 Bn - 71.74 Mn
2 AGNC Investment 12.43 Bn 11.10 Bn - 30.00 Mn
3 Starwood Property Trust 5.84 Bn 3.67 Bn - 524.77 Mn
4 Rithm Capital 5.57 Bn 5.57 Bn - 1.28 Bn
5 Dynex Capital 2.88 Bn 2.27 Bn - 16.21 Mn
6 Two Harbors Investment 2.65 Bn 2.01 Bn - 51.40 Mn
7 Blackstone Mortgage Trust 2.35 Bn 1.91 Bn - 111.00 Mn
8 Armour Residential REIT 2.11 Bn 2.02 Bn - 17.16 Mn
9 Ellington Financial 1.71 Bn 1.46 Bn - 76.02 Mn
10 NexPoint Real Estate Finance 331.47 Mn 136.57 Mn - 10.04 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.04 Mn
Mar 31, 2026 10.00 Mn
Dec 31, 2025 7.78 Mn
Sep 30, 2025 8.35 Mn
Jun 30, 2025 9.27 Mn
Mar 31, 2025 8.28 Mn
Dec 31, 2024 8.98 Mn
Sep 30, 2024 7.84 Mn
Jun 30, 2024 8.79 Mn
Mar 31, 2024 11.03 Mn
Dec 31, 2023 6.40 Mn
Sep 30, 2023 6.33 Mn
Jun 30, 2023 5.10 Mn
Mar 31, 2023 5.52 Mn
Dec 31, 2022 6.79 Mn
Sep 30, 2022 6.05 Mn
Jun 30, 2022 9.71 Mn
Mar 31, 2022 3.63 Mn
Dec 31, 2021 3.56 Mn
Sep 30, 2021 3.35 Mn