2 models fit NexPoint Real Estate Finance Inc. Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large discount(i)Silver63
Valued as a REIT (property company): Price to FFO and Dividend discount.
ACCE opinionNexPoint Real Estate Finance Inc. Common Stock (NREF)
Fair value (2 models)
$27.07
ACCE price target
$15.90
Rating
Undervalued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $27.27 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 15:04 CEST.
Price used: $15.61 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
42.3% below
+73.4% to fair value
ACCE score
52
out of 100
Analysts
0% buy
3 covering
P/E
6.6x
forward 0.0x
1-year return
+16.8%
Dividend yield
13.13%
NexPoint Real Estate Finance Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
NexPoint Real Estate Finance is a mortgage REIT that originates and holds commercial real estate debt, mainly floating-rate loans secured by multifamily properties, alongside a book of agency and structured securities. Its edge is narrow: a small, externally managed platform with a 63.3% operating margin and a 14.9% ROE, but top-line revenue fell 13.7% year on year, so the earnings base is shrinking even as the return on equity holds up. The obvious catalyst is falling short-term rates, which would ease funding costs on the borrowing that backs its floating-rate loans, though that cuts both ways on net interest income. At a 6.7 trailing P/E and a $353M market cap, the stock screens cheap against its own earnings, but the forward P/E reads 0.0, which is a data gap rather than a signal, so the multiple needs checking against consensus before anyone leans on it. The composite score of 50/100 and the absence of index membership say the market has not yet warmed to the name. It is worth a deeper look mainly to establish whether the revenue decline reflects loan runoff or credit stress.