NREFNexPoint Real Estate Finance, Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -66% · now 16% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can NREF take a bad year?
NexPoint Real Estate Finance, Inc. carries $45M of net debt at 1.89× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.89×
Net debt / EBITDA · 29.5× a year ago · the load is coming down
- Interest cover
- 0.49×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 28%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $51M
- Cash and short-term investments
- $6.4M
- Net debt
- $45M
- EBITDA, trailing twelve months
- $24M
- Operating profit, trailing twelve months
- $19M
- Debt / equity
- 0.13×
- Total debt / EBITDA
- 2.16×
- Annualised volatilitytwo years of daily moves
- 28%
- Worst drawdown on file
- −66%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Mortgage
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