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NREF-P-A NOW TRADING POST CALL DATE

NexPoint Real Estate Finance, Inc. · Series A · REIT - Diversified
Also quoted as: NREF-A, NREFprA, NREF.PRA, NREF-PA, NREFpA
$23.90
last price

About this security

NREF-P-A is a 8.5% cumulative perpetual preferred stock issued by NexPoint Real Estate Finance, Inc., a REIT - Diversified issuer. $25 liquidation preference, current yield 8.89%, callable from 2025-07-24.

NexPoint Real Estate Finance, Inc.: —Our Management Agreement” and Note 14 to our consolidated financial statements for more information. 36 Table of Contents If we internalize our management functions, we may not achieve the perceived benefits of the internalization transaction. In the future, our Board may consider internalizing the functions performed for us by our Manager by, among other methods, acquiring our Manager’s assets. The method by which we could internalize these functions could take many forms. There is no assurance that internalizing our management functions will be beneficial to us and our stockholders. An acquisition of our Manager could result in dilution of your interest as a stockholder and could reduce earnings per share. Additionally, we may not realize the perceived benefits or we may not be able to properly integrate a new staff of managers and employees or we may not be able to effectively replicate the services provided previously by our Manager or its affiliates. Internalization transactions, including, without limitation, transactions involving the acquisition of affiliated advisors have also, in some cases, been the subject of litigation. Even if these claims are without merit, we could be forced to spend significant amounts of money defending claims which would reduce the amount of funds available for us to invest and to pay distributions. All of these factors could have a material adverse effect on our results of operations, financial condition and ability to pay distributions. There are significant potential conflicts of interest that could affect our investment returns.

Issuer page — all NexPoint Real Estate Finance, Inc. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 22:52:34 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
8.89%
Annual Dividend
$2.1250
Recent Market Price
$23.90
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-04-15
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
8.500%
Call Date
2025-07-24 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
8.89%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Conversion Ratio
3.2982
Pay Dates
January 25, April 25, July 25, October 25
Shares Offered (original)
2,000,000 +300,000 OA
Issued
2020-07-24
Series
A
Alt. Symbology
NREF-A, NREFprA, NREF.PRA, NREF-PA, NREFpA

vs. REIT - Diversified category (121 issues): yield 8.89% vs avg 8.15% · discount -4.4% vs avg -13.9%

Quote

 NREF-P-A (preferred)NREF (common)
Last $23.90 $15.87
Change
Open$23.86$15.74
High / Low $24.80 / $23.86 $16.10 / $15.74
Prev Close
Volume1,248166,700
52-Week High / Low $25.45 / $22.03 $16.13 / $12.36

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

NREF-P-A NREF (common)

Dividend History

Ex-DateAmount / Share
2026-04-15$0.531250
2026-01-15$0.531250
2025-10-15$0.531250
2025-07-15$0.531250
2025-04-15$0.531250
2025-01-15$0.531250
2024-10-15$0.531250
2024-07-15$0.531250
2024-04-12$0.531250
2024-01-11$0.531250
2023-10-12$0.531250
2023-07-12$0.531250

Performance — $10K Calculator

See what an investment in NREF-P-A would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for NREF-P-A →

Prospectus (SEC 424B5)

We are offering 2,000,000 shares of our 8.50% Series A Cumulative Redeemable Preferred Stock, or the Series A Preferred Stock, in this offering. We intend to list the Series A Preferred Stock on the New York Stock Exchange, or NYSE, under the symbol "NREF PRA."

Use of proceeds: We intend to contribute the net proceeds from this offering to our OP in exchange for Series A Preferred Units, which the OP will use to acquire subsidiary partnership units (general corporate/investment purposes).

Full Prospectus (SEC filing) →

News — NexPoint Real Estate Finance, Inc.

Issuer news via Tiingo, tagged to NREF.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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