NexPoint Real Estate Finance (NREF) Reveals Dual Listing on NYSE Texas
Dual Listing Announcement: NexPoint Real Estate Finance, Inc. (NREF) will dual list its common stock on NYSE Texas starting August 19, 2025, while maintaining its primary listing on the New York Stock Exchange.
Company's Statement: Matt McGraner, Chief Investment Officer of NexPoint, expressed excitement about joining NYSE Texas as a Founding Member, highlighting support for Texas' pro-business values and capital market expansion.
NYSE Texas Welcome: Bryan Daniel, President of NYSE Texas, welcomed NREF as a strong addition to their community of Founding Members.
About NexPoint: NexPoint is a publicly traded REIT focused on various real estate financing activities, including mortgage loans and equity investments, with its stocks listed under "NREF" and "NREF-PRA."
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- Dividend Overview: NexPoint Real Estate Finance, Inc. announced final dividend allocations for 2025, totaling $2.00 per share across common stock, Series A Preferred Stock, and Series B Preferred Stock, reflecting the company's robust cash flow and shareholder return strategy.
- Common Stock Details: The common stock distribution is set at $0.50 per share, with payment dates on March 31, June 30, September 30, and December 31, indicating the company's commitment to providing consistent returns to shareholders.
- Preferred Stock Allocations: Series A Preferred Stock will receive $0.53125 per share, while Series B Preferred Stock will receive $0.18750 per share, showcasing the company's strong reputation and financial health among preferred stock investors.
- Tax Treatment Information: With 98.374% of the ordinary income treated as qualified REIT dividends, the company demonstrates transparency in tax compliance, potentially enhancing investor confidence and attractiveness to future investments.
- Earnings Call Scheduled: NexPoint is set to host a conference call on February 26, 2026, at 11:00 AM ET to discuss its Q4 2025 financial results, which is expected to provide investors with critical financial data and future outlook.
- Dial-in Information: Investors can join the call by dialing 888-660-4430 or +1 646-960-0537 for international callers, using Conference ID 6891136, ensuring global participation from investors.
- Live Webcast and Replay: The call will be available via a live audio webcast on the company's website, with a replay accessible for 60 days post-call, enhancing information accessibility and transparency for stakeholders.
- Financial Results Release: The company plans to issue a press release detailing its Q4 2025 financial results before the market opens on February 26, 2026, which is expected to provide key performance indicators for informed investor decision-making.
- Rate Decline: As of December 31, 2025, the average 30-year fixed mortgage rate fell to 6.15% from 6.91% a year earlier, significantly reducing borrowing costs and likely stimulating homebuyer demand in 2026.
- Market Rebound: The continued decline in mortgage rates, coupled with slower home price growth, positions 2026 as a potential rebound year for the mortgage market, with improved financing conditions expected to boost transaction activity and stabilize demand.
- Investment Opportunities: Mortgage real estate investment trusts (mREITs) like Ellington Financial, Annaly Capital, and NexPoint Real Estate Finance are likely to benefit from the improving housing backdrop, attracting investor interest and enhancing fundamentals.
- Earnings Outlook: Ellington Financial anticipates year-over-year earnings growth of 25.3% and 1.6% for 2025 and 2026, respectively, indicating strong growth potential and reinforcing its market position.
- Industry Trend Improvement: The mREIT sector is expected to see asset value improvement driven by declining mortgage rates following three Fed rate cuts this year, enhancing profitability for companies in the space.
- Apollo Financing Strategy: Apollo Commercial Real Estate Finance originated $1 billion in new loans in Q3, leveraging its strong real estate credit platform, with earnings growth anticipated to materialize in Q4 2025.
- Ellington Diversified Investments: Ellington Financial maintains low leverage and a diversified portfolio with dynamic hedging strategies, projecting a 25.3% growth in 2025 EPS, demonstrating resilience amid market volatility.
- NexPoint Market Outlook: NexPoint focuses on multi-family and single-family rental markets, with a 1.7% growth in 2025 EPS estimates, reflecting optimism about long-term housing demand trends.
mREIT Industry Trends: The mortgage REIT industry faced volatility in 2025 due to macroeconomic uncertainty, with mortgage rates fluctuating and a notable decline to 6.21% by December, following a series of interest rate cuts by the Fed.
Investment Opportunities: Investors are encouraged to consider mREIT stocks like Two Harbors Investments Corp, NexPoint Real Estate Finance, and Ellington Financial, which are expected to deliver strong returns in 2026 due to improving economic conditions and declining mortgage rates.
Company Performance: Two Harbors reported a significant reduction in net interest losses, while NexPoint saw a substantial increase in net interest income, reflecting improved portfolio performance. Ellington Financial maintained stability through diversified investments and risk management strategies.
Future Outlook: Economic growth is anticipated to accelerate in 2026, with lower inflation and unemployment, which will likely lead to favorable conditions for mortgage origination and refinancing, benefiting the mREIT sector.

- Successful Financing: NREF has successfully closed its 9.00% Series B Preferred Stock offering, raising approximately $404.5 million, fully subscribing its initial $400 million offering, which reflects strong investor confidence in the company's financial performance and further strengthens its balance sheet.
- New Series Launch: Following the success of Series B, NREF is launching a $200 million 8.00% Series C Preferred Stock offering priced at $25.00 per share, with the first scheduled close on December 19, 2025, aimed at providing investors with stable income and limited share price volatility.
- Commitment to Strategic Growth: NREF's Chief Investment Officer, Matt McGraner, noted that the strong demand for Series B reflects the company's ongoing commitment to real estate finance, and the launch of Series C supports its mission to finance high-quality real estate assets.
- Capital Management Discipline: The Series C Preferred Stock offering is being conducted under the Company's effective shelf registration statement, further demonstrating NREF's disciplined approach to capital management and strategic growth, aimed at creating long-term value for shareholders.









