NREF (NexPoint Real Estate Finance) Scaled Net Operating Assets: 0.94 (As of Mar. 2026)


NREF NexPoint Real Estate Finance Inc NREF
44 GF Score
Price $15.63
! 5 Warning Signs
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What is NexPoint Real Estate Finance Scaled Net Operating Assets?

NexPoint Real Estate Finance NREF +0.32% 44 Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus rates NREF with a GF Score™ of 44/100. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NexPoint Real Estate Finance's operating assets for the quarter that ended in Mar. 2026 was $5,212.0 Mil. NexPoint Real Estate Finance's operating liabilities for the quarter that ended in Mar. 2026 was $196.1 Mil. NexPoint Real Estate Finance's Total Assets for the quarter that ended in Dec. 2025 was $5,321.2 Mil. Therefore, NexPoint Real Estate Finance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.

NREF
44GF Score
NexPoint Real Estate Finance Inc NREF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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NexPoint Real Estate Finance Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

NexPoint Real Estate Finance's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5290.083-285.532)/5416.073
=0.92

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5321.197 - 31.114
=5290.083

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4489.326 - 4203.794 - 0
=285.532

NexPoint Real Estate Finance's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(5212.002-196.103)/5321.197
=0.94

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5234.645 - 22.643
=5212.002

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4385.353 - 4189.25 - 0
=196.103

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.94 mean?
NexPoint Real Estate Finance (NREF) has a Scaled Net Operating Assets of 0.94 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on NexPoint Real Estate Finance and its competitors.
Is NexPoint Real Estate Finance's Scaled Net Operating Assets too high?
NexPoint Real Estate Finance's current Scaled Net Operating Assets is 0.94. Overall, NexPoint Real Estate Finance has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does NexPoint Real Estate Finance's Scaled Net Operating Assets compare to RC and MITT?
NexPoint Real Estate Finance's Scaled Net Operating Assets of 0.94 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on NexPoint Real Estate Finance and its competitors. NexPoint Real Estate Finance's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NexPoint Real Estate Finance stock overvalued right now?
NexPoint Real Estate Finance (NREF) has a current Scaled Net Operating Assets of 0.94. The current Scaled Net Operating Assets is 0.94. NexPoint Real Estate Finance's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For NexPoint Real Estate Finance (NREF), the current Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NexPoint Real Estate Finance Business Description

Industry Real EstateREITs
Other Exchanges NREFpA.PFD:USA
Address 300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
NexPoint Real Estate Finance Inc is a commercial mortgage REIT focused on generating attractive, risk-adjusted returns for shareholders over the long term. The company invests mainly in first-lien mortgage loans, mezzanine loans, preferred equity, multifamily properties, and common equity investments, as well as multifamily and single-family rental CMBS securitizations, promissory notes, revolving credit facilities, and stock warrants. It focuses on real estate sectors where its management has operating expertise, including multifamily, single-family rental, self-storage, industrial, and life sciences, mainly in top metropolitan areas.
44GF Score

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