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

NexPoint Real Estate Finance's Operating Expenses history runs 7 years deep, the most recent figure standing at $10.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 20.72% year-over-year to $10.0 million in Q1 2026; TTM through Mar 2026 was $35.4 million, a 4.44% increase from a year earlier, with the FY2025 full-year figure at $33.7 million, down 8.06% from the prior year.
• Operating Expenses rose to $10.0 million in Q1 2026 per NREF's latest filing, from $7.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $11.0 million in Q1 2024 and bottomed at $5.1 million in Q2 2023.
• The 5-year median for Operating Expenses is $7.8 million (2025), against an average of $7.6 million.
• Across the five-year window, Operating Expenses jumped 101.41% in 2022 and dropped 29.94% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $6.8 million in 2022, then retreated by 5.74% to $6.4 million in 2023, then jumped by 40.27% to $9.0 million in 2024, then fell by 13.33% to $7.8 million in 2025, then increased by 28.52% to $10.0 million in 2026.
• Per Business Quant, the three latest NREF Operating Expenses figures stand at $10.0 million (Q1 2026), $7.8 million (Q4 2025), and $8.4 million (Q3 2025).