NREF
NexPoint Real Estate Finance, Inc.
REIT - Mortgage
Market Cap$295M
5Y Perf.-3.3%
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Stock Comparison
NREF vs GPMT
Revenue, margins, valuation, and 5-year total return — side by side.
GPMT
Granite Point Mortgage Trust Inc.
REIT - Mortgage
Market Cap$74M
5Y Perf.-68.5%
NREF vs GPMT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | NREF | GPMT |
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $295M | $74M |
| Revenue (TTM) | $126M | $132M |
| Net Income (TTM) | $105M | $-40M |
| Gross Margin | 90.2% | 47.3% |
| Operating Margin | 128.8% | -4.3% |
| Forward P/E | 9.6x | — |
| Total Debt | $4.46B | $1.17B |
| Cash & Equiv. | $34M | $66M |
NREF vs GPMT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
NREF
GPMT
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NexPoint Real Estat… (NREF) | 100 | 96.7 | -3.3% |
| Granite Point Mortg… (GPMT) | 100 | 31.5 | -68.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NREF vs GPMT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NREF leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Granite Point Mortgage Trust Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
NREF
NexPoint Real Estate Finance, Inc.
The Real Estate Income Play
NREF carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.79, yield 3.7%
- Rev growth 14.3%, EPS growth 189.2%, 3Y rev CAGR 46.2%
- 50.8% 10Y total return vs GPMT's -50.0%
Best for: income & stability and growth exposure
GPMT
Granite Point Mortgage Trust Inc.
The Real Estate Income Play
GPMT is the clearest fit if your priority is growth and dividends.
- 187.8% FFO/revenue growth vs NREF's 14.3%
- 14.0% yield, vs NREF's 3.7%
Best for: growth and dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | GPMT | 187.8% FFO/revenue growth vs NREF's 14.3% |
| Value | NREF | Better valuation composite |
| Quality / Margins | NREF | 83.3% margin vs GPMT's -30.5% |
| Stability / Safety | NREF | Beta 0.79 vs GPMT's 1.44 |
| Dividends | GPMT | 14.0% yield, vs NREF's 3.7% |
| Momentum (1Y) | NREF | +23.5% vs GPMT's -19.7% |
| Efficiency (ROA) | NREF | 2.0% ROA vs GPMT's -2.3%, ROIC 2.3% vs 2.6% |
NREF vs GPMT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
Segment breakdown not available.
NREF vs GPMT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNREFLAGGINGGPMT
GPMTGranite Point Mortgag…
3leads
NREFNexPoint Real Estate …
3leads
6 Total Categories
CATEGORYLEADERvs GPMTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
NREF5/6
Valuation MetricsMultiples, price ratios, and targets
GPMT4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
GPMT6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
NREF6/6
Risk & VolatilityBeta, volatility, and downside exposure
NREF2/2
Analyst OutlookRatings, price targets, and dividends
GPMT1/1
Income & Cash Flow (Last 12 Months)
NREF leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
GPMT and NREF operate at a comparable scale, with $132M and $126M in trailing revenue. NREF is the more profitable business, keeping 83.3% of every revenue dollar as net income compared to GPMT's -30.5%. On growth, GPMT holds the edge at +157.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| RevenueTrailing 12 months | $126M | $132M |
| EBITDAEarnings before interest/tax | $165M | -$8M |
| Net IncomeAfter-tax profit | $105M | -$40M |
| Free Cash FlowCash after capex | $23M | $463,000 |
| Gross MarginGross profit ÷ Revenue | +90.2% | +47.3% |
| Operating MarginEBIT ÷ Revenue | +128.8% | -4.3% |
| Net MarginNet income ÷ Revenue | +83.3% | -30.5% |
| FCF MarginFCF ÷ Revenue | +18.2% | +0.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -11.1% | +157.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +92.0% | +40.9% |
NREF leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
GPMT leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, GPMT's 20.8x EV/EBITDA is more attractive than NREF's 28.4x.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| Market CapShares × price | $295M | $74M |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $1.2B |
| Trailing P/EPrice ÷ TTM EPS | 5.35x | -1.34x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.65x | — |
| PEG RatioP/E ÷ EPS growth rate | 0.48x | — |
| EV / EBITDAEnterprise value multiple | 28.35x | 20.75x |
| Price / SalesMarket cap ÷ Revenue | 2.34x | 0.51x |
| Price / BookPrice ÷ Book value/share | 0.69x | 0.13x |
| Price / FCFMarket cap ÷ FCF | 12.88x | 27.85x |
GPMT leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
GPMT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NREF delivers a 14.4% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-7 for GPMT. GPMT carries lower financial leverage with a 2.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to NREF's 5.35x. On the Piotroski fundamental quality scale (0–9), GPMT scores 6/9 vs NREF's 5/9, reflecting solid financial health.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| ROE (TTM)Return on equity | +14.4% | -7.1% |
| ROA (TTM)Return on assets | +2.0% | -2.3% |
| ROICReturn on invested capital | +2.3% | +2.6% |
| ROCEReturn on capital employed | +3.2% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 5.35x | 2.12x |
| Net DebtTotal debt minus cash | $4.4B | $1.1B |
| Cash & Equiv.Liquid assets | $34M | $66M |
| Total DebtShort + long-term debt | $4.5B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 3.88x | 0.58x |
GPMT leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
NREF leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NREF five years ago would be worth $12,658 today (with dividends reinvested), compared to $3,472 for GPMT. Over the past 12 months, NREF leads with a +23.5% total return vs GPMT's -19.7%. The 3-year compound annual growth rate (CAGR) favors NREF at 18.3% vs GPMT's -13.1% — a key indicator of consistent wealth creation.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| YTD ReturnYear-to-date | +15.6% | -32.5% |
| 1-Year ReturnPast 12 months | +23.5% | -19.7% |
| 3-Year ReturnCumulative with dividends | +65.8% | -34.3% |
| 5-Year ReturnCumulative with dividends | +26.6% | -65.3% |
| 10-Year ReturnCumulative with dividends | +50.8% | -50.0% |
| CAGR (3Y)Annualised 3-year return | +18.3% | -13.1% |
NREF leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
NREF leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NREF is the less volatile stock with a 0.79 beta — it tends to amplify market swings less than GPMT's 1.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NREF currently trades 98.3% from its 52-week high vs GPMT's 49.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.79x | 1.44x |
| 52-Week HighHighest price in past year | $16.06 | $3.12 |
| 52-Week LowLowest price in past year | $12.36 | $1.24 |
| % of 52W HighCurrent price vs 52-week peak | +98.3% | +49.7% |
| RSI (14)Momentum oscillator 0–100 | 76.8 | 49.4 |
| Avg Volume (50D)Average daily shares traded | 53K | 154K |
NREF leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
GPMT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates NREF as "Hold" and GPMT as "Hold". Consensus price targets imply 61.3% upside for GPMT (target: $3) vs -5.0% for NREF (target: $15). For income investors, GPMT offers the higher dividend yield at 13.98% vs NREF's 3.66%.
| Metric | NREFNexPoint Real Est… | GPMTGranite Point Mor… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $15.00 | $2.50 |
| # AnalystsCovering analysts | 6 | 12 |
| Dividend YieldAnnual dividend ÷ price | +3.7% | +14.0% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.58 | $0.22 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +7.6% |
GPMT leads this category, winning 1 of 1 comparable metric.
Key Takeaway
NREF leads in 3 of 6 categories (Income & Cash Flow, Total Returns). GPMT leads in 3 (Valuation Metrics, Profitability & Efficiency).
Best OverallNexPoint Real Estate Financ… (NREF)Leads 3 of 6 categories
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NREF vs GPMT: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is NREF or GPMT a better buy right now?
For growth investors, Granite Point Mortgage Trust Inc.
(GPMT) is the stronger pick with 187. 8% revenue growth year-over-year, versus 14. 3% for NexPoint Real Estate Finance, Inc. (NREF). NexPoint Real Estate Finance, Inc. (NREF) offers the better valuation at 5. 4x trailing P/E (9. 6x forward), making it the more compelling value choice. Analysts rate NexPoint Real Estate Finance, Inc. (NREF) a "Hold" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — NREF or GPMT?
Over the past 5 years, NexPoint Real Estate Finance, Inc.
(NREF) delivered a total return of +26. 6%, compared to -65. 3% for Granite Point Mortgage Trust Inc. (GPMT). Over 10 years, the gap is even starker: NREF returned +50. 8% versus GPMT's -50. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — NREF or GPMT?
By beta (market sensitivity over 5 years), NexPoint Real Estate Finance, Inc.
(NREF) is the lower-risk stock at 0. 79β versus Granite Point Mortgage Trust Inc. 's 1. 44β — meaning GPMT is approximately 83% more volatile than NREF relative to the S&P 500. On balance sheet safety, Granite Point Mortgage Trust Inc. (GPMT) carries a lower debt/equity ratio of 2% versus 5% for NexPoint Real Estate Finance, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — NREF or GPMT?
By revenue growth (latest reported year), Granite Point Mortgage Trust Inc.
(GPMT) is pulling ahead at 187. 8% versus 14. 3% for NexPoint Real Estate Finance, Inc. (NREF). On earnings-per-share growth, the picture is similar: NexPoint Real Estate Finance, Inc. grew EPS 189. 2% year-over-year, compared to 73. 7% for Granite Point Mortgage Trust Inc.. Over a 3-year CAGR, NREF leads at 46. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — NREF or GPMT?
NexPoint Real Estate Finance, Inc.
(NREF) is the more profitable company, earning 83. 3% net margin versus -28. 3% for Granite Point Mortgage Trust Inc. — meaning it keeps 83. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NREF leads at 129. 7% versus 43. 6% for GPMT. At the gross margin level — before operating expenses — NREF leads at 88. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is NREF or GPMT more undervalued right now?
Analyst consensus price targets imply the most upside for GPMT: 61.
3% to $2. 50.
07Which pays a better dividend — NREF or GPMT?
All stocks in this comparison pay dividends.
Granite Point Mortgage Trust Inc. (GPMT) offers the highest yield at 14. 0%, versus 3. 7% for NexPoint Real Estate Finance, Inc. (NREF).
08Is NREF or GPMT better for a retirement portfolio?
For long-horizon retirement investors, NexPoint Real Estate Finance, Inc.
(NREF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 79), 3. 7% yield). Both have compounded well over 10 years (NREF: +50. 8%, GPMT: -50. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between NREF and GPMT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NREF is a small-cap deep-value stock; GPMT is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
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