NexPoint Real Estate Finance, Inc. (NREF) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 5.23B | 5.32B | 5.28B | 5.4B | 5.4B | 5.42B | 5.69B | 6.57B | 7.09B | 7.02B | 6.89B | 7.6B | 8.04B | 8.15B | 8.28B | 7.86B | 8.02B | 8.51B | 8.3B | 8.54B |
| Asset Growth % | -3.04% | -1.71% | -7.17% | -17.83% | -23.8% | -22.83% | -17.43% | -13.53% | -11.91% | -13.93% | -16.79% | -3.28% | 0.26% | -4.23% | -0.25% | -7.91% | 34.58% | 37.85% | 34.56% | 121.19% |
| Real Estate & Other Assets | 788.61M | 735.22M | 68.23M | 164.88M | 160.75M | 156.81M | 160.06M | 161.58M | 163.82M | -114.58M | 101.03M | 102.14M | 103.38M | 292.1M | 113.69M | 142.9M | 129.48M | 132.09M | 72.64M | 55.76M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 72.55M | 96.49M | 82.26M | 5.01B | 5.06B | 5.15B | 5.41B | 6.31B | 6.77B | 38.68M | 6.69B | 7.39B | 7.82B | 7.75B | 8.04B | 7.63B | 7.83B | 8.32B | 8.17B | 8.43B |
| Cash & Equivalents | 25.25M | 34.35M | 21.56M | 9.06M | 19.22M | 3.88M | 34.71M | 4.27M | 13.48M | 13.82M | 10.98M | 19.66M | 38.83M | 20.05M | 22.1M | 52.68M | 35.24M | 26.46M | 22.22M | 29.99M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 3.24M | -82.26M | 56.52M | 45.58M | 45.84M | 38.69M | 40.32M | 36.08M | -35.86M | 24.71M | 23.05M | 20.07M | 18.16M | 19.65M | 13.42M | 12.12M | 15.48M | 9.91M | 7.87M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.39B | 4.49B | 4.5B | 4.72B | 4.78B | 4.84B | 5.15B | 6.09B | 6.64B | 6.57B | 6.45B | 7.14B | 7.57B | 7.61B | 7.78B | 7.35B | 7.51B | 8.01B | 7.8B | 8.1B |
| Total Debt | 4.35B | 4.46B | 4.48B | 4.7B | 4.76B | 4.82B | 5.13B | 6.08B | 6.61B | 6.56B | 6.44B | 7.12B | 7.55B | 7.59B | 7.76B | 7.33B | 7.5B | 8B | 7.79B | 8.02B |
| Net Debt | 4.33B | 4.43B | 4.45B | 4.69B | 4.74B | 4.82B | 5.1B | 6.07B | 6.6B | 6.54B | 6.43B | 7.1B | 7.52B | 7.57B | 7.74B | 7.28B | 7.46B | 7.97B | 7.77B | 7.99B |
| Long-Term Debt | 4.19B | 4.2B | 4.22B | 4.3B | 4.36B | 4.45B | 4.75B | 5.8B | 6.27B | 6.25B | 6.14B | 6.79B | 7.2B | 7.26B | 7.41B | 7.02B | 7.2B | 7.71B | 7.57B | 7.85B |
| Short-Term Borrowings | 164.61M | 258.04M | 257.61M | 391.07M | 395.94M | 373.37M | 386.82M | 280.65M | 341.74M | 303.51M | 298.01M | 333.23M | 350.4M | 331.02M | 351.04M | 314.31M | 296.99M | 286.32M | 222.53M | 177.63M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 164.61M | 258.04M | 284.82M | 414.95M | 417.7M | 392.85M | 406.03M | 297.45M | 364.7M | 318.15M | 311.54M | 347.97M | 365.96M | 345.24M | 373.4M | 327.07M | 311.18M | 294.21M | 233.75M | 253.01M |
| Accounts Payable | 31.49M | 27.49M | 27.21M | 12.38M | 8.72M | 9.46M | 8.31M | 7.94M | 10.27M | 14.64M | 3.4M | 8.35M | 5.38M | 6.23M | 6.13M | 8.27M | 6.49M | 3.9M | 3.98M | 4.55M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 31.49M | 27.49M | -4.22B | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | 0 |
| Total Equity | 849.29M | 833.88M | 774.92M | 682.57M | 620.51M | 571.69M | 532.77M | 481.48M | 448.23M | 445.51M | 434.16M | 466.19M | 472.98M | 545.01M | 495.07M | 514.54M | 508.65M | 506.71M | 496.5M | 437.54M |
| Equity Growth % | 36.87% | 45.86% | 45.45% | 41.76% | 38.44% | 28.32% | 22.71% | 3.28% | -5.23% | -18.26% | -12.3% | -9.4% | -7.01% | 7.56% | -0.29% | 17.6% | 21.12% | 25.45% | 27.63% | 29.57% |
| Shareholders Equity | 388.66M | 751.38M | 375.42M | 590.45M | 529.34M | 482.18M | 443.23M | 393.39M | 361.36M | 347.34M | 344.92M | 371.55M | 377.17M | 383.98M | 351.81M | 366.21M | 359.29M | 238.01M | 230.34M | 145.06M |
| Minority Interest | 460.63M | 82.5M | 399.49M | 92.12M | 91.18M | 89.51M | 89.54M | 88.09M | 86.87M | 98.17M | 89.24M | 94.64M | 95.81M | 161.03M | 143.26M | 148.34M | 149.36M | 268.69M | 266.16M | 292.48M |
| Common Stock | 187K | 186K | 177K | 177K | 176K | 174K | 174K | 174K | 173K | 172K | 172K | 172K | 172K | 171K | 150K | 150K | 145K | 92K | 92K | 55K |
| Additional Paid-in Capital | 404.73M | 404.21M | 390.8M | 389.3M | 387.68M | 387.89M | 386.48M | 385.07M | 397.17M | 395.74M | 394.72M | 393.44M | 392.44M | 392.12M | 349.22M | 347.78M | 338.13M | 222.3M | 222.36M | 145.79M |
| Retained Earnings | -16.28M | -16.52M | -18.99M | -44.65M | -47.54M | -54.95M | -54.13M | -61.06M | -59.32M | -35.82M | -37.23M | -9.31M | -2.7M | 4.43M | 15.19M | 31.03M | 33.77M | 28.37M | 20.64M | 11.96M |
| Preferred Stock | 16K | 361.65M | 305.58M | 245.62M | 189.01M | 149.06M | 110.71M | 69.21M | 27.54M | 16K | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M | -8.55M |
| Return on Assets (ROA) | 0.38% | 0.4% | 0.81% | 0.35% | 0.4% | 0.23% | 0.32% | 0.14% | -0.18% | 0.21% | -0.2% | 0.08% | 0.09% | -0.07% | -0.1% | 0.06% | 0.17% | 0.16% | 0.17% | 0.09% |
| Return on Equity (ROE) | 2.41% | 2.66% | 5.91% | 2.89% | 3.66% | 2.3% | 3.82% | 2.12% | -2.85% | 3.32% | -3.26% | 1.41% | 1.46% | -1.11% | -1.67% | 0.92% | 2.72% | 2.65% | 3.02% | 1.5% |
| Debt / Assets | 83.17% | 83.82% | 84.8% | 86.92% | 88.1% | 89.08% | 90.29% | 92.42% | 93.35% | 93.44% | 93.5% | 93.67% | 93.93% | 93.14% | 93.75% | 93.29% | 93.48% | 93.96% | 93.88% | 93.99% |
| Debt / Equity | 5.13x | 5.35x | 5.78x | 6.88x | 7.67x | 8.44x | 9.64x | 12.62x | 14.76x | 14.72x | 14.83x | 15.28x | 15.97x | 13.94x | 15.67x | 14.25x | 14.74x | 15.79x | 15.69x | 18.34x |
| Net Debt / EBITDA | 130.53x | 130.33x | 73.95x | 204.80x | 175.19x | 178.89x | 138.74x | 489.86x | 462.01x | 204.25x | - | 309.65x | 340.58x | 5142.47x | 4150.42x | 244.55x | 229.06x | 216.80x | 235.48x | 402.82x |
| Book Value per Share | 16.51 | 17.10 | 17.67 | 17.30 | 17.21 | 17.05 | 17.49 | 17.33 | 25.96 | 25.85 | 25.20 | 20.20 | 20.86 | 35.94 | 21.83 | 22.87 | 23.09 | 23.13 | 23.96 | 22.32 |