NexPoint Real Estate Finance (NREF) Weighted Average Shares Outstanding (Diluted) (2020 - 2026)
NexPoint Real Estate Finance's Weighted Average Shares Outstanding (Diluted) was 18.85 million in Q3 2026, down 57.0% from 43.85 million a year earlier and down 65.1% from the prior quarter.
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Analysis
NexPoint Real Estate Finance (NREF) Weighted Average Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding (Diluted) at NexPoint Real Estate Finance came in at 42.01 million, up 141.4% from FY2024.
- Weighted Average 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, Weighted Average 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 Q3 2026 figure marks the lowest quarterly Weighted Average Shares Outstanding (Diluted) since Q4 2024.
- Compared with a year earlier, Weighted Average Shares Outstanding (Diluted) was higher in seven of the last eight quarters, with growth averaging 37.0%.
- The best year-over-year quarter for Weighted Average Shares Outstanding (Diluted) over five years was Q4 2025 (growth of 141.4%); the worst was Q3 2026 (a decline of 57.0%).
- Per Business Quant data, NREF's Weighted Average Shares Outstanding (Diluted) in the three quarters before Q3 2026 was 53.98 million (Q2 2026), 51.46 million (Q1 2026) and 42.01 million (Q4 2025).
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, 2026 | 18.85 Mn |
| 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 |
API Access
NexPoint Real Estate Finance Weighted Average 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=weighted-average-shares-outstanding-diluted&ticker=NREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "weighted-average-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=weighted-average-shares-outstanding-diluted&ticker=NREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();