NexPoint Real Estate Finance (NREF) Shares Outstanding (Diluted) (2020 - 2026)
NexPoint Real Estate Finance's Shares Outstanding (Diluted) was 53.98 million in Q2 2026, up 36.8% from 39.46 million a year earlier and up 4.9% from the prior quarter.
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Analysis
NexPoint Real Estate Finance (NREF) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at NexPoint Real Estate Finance came in at 42.01 million, up 141.4% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, with a five-year compound annual growth rate of 17.6% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 17.4 million in FY2024 (+1.2%), 17.2 million in FY2023 (+17.1%), 14.69 million in FY2022 (-27.9%) and 20.37 million in FY2021 (+9.2%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) in data going back to Q1 2020.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 14 straight quarters, with growth averaging 48.1% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q4 2025 (growth of 141.4%); the worst was Q4 2022 (a decline of 27.9%).
- Per Business Quant data, NREF's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 51.46 million (Q1 2026), 42.01 million (Q4 2025) and 43.85 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.84 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 1.12 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 556.90 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 5.89 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 348.85 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 334.10 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 85.05 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 740.26 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 718.00 Mn |
| 10 | NexPoint Real Estate Finance | 292.52 Mn | -51.76 Mn | - | 53.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.98 Mn |
| Mar 31, 2026 | 51.46 Mn |
| Dec 31, 2025 | 42.01 Mn |
| Sep 30, 2025 | 43.85 Mn |
| Jun 30, 2025 | 39.46 Mn |
| Mar 31, 2025 | 36.05 Mn |
| Dec 31, 2024 | 17.40 Mn |
| Sep 30, 2024 | 30.47 Mn |
| Jun 30, 2024 | 27.79 Mn |
| Mar 31, 2024 | 24.86 Mn |
| Dec 31, 2023 | 17.20 Mn |
| Sep 30, 2023 | 23.09 Mn |
| Jun 30, 2023 | 23.08 Mn |
| Mar 31, 2023 | 22.68 Mn |
| Dec 31, 2022 | 14.69 Mn |
| Sep 30, 2022 | 22.68 Mn |
| Jun 30, 2022 | 22.49 Mn |
| Mar 31, 2022 | 22.03 Mn |
| Dec 31, 2021 | 20.37 Mn |
| Sep 30, 2021 | 20.72 Mn |
API Access
NexPoint Real Estate Finance Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=NREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=NREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();