NREF Raises $404.5M in Series B Preferred Stock, Launches $200M Series C Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
0mins
Source: Newsfilter
- 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 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: The strong demand for Series B, as noted by NREF's Chief Investment Officer, underscores the company's ongoing commitment to disciplined capital management and supports its mission to finance high-quality real estate assets across key sectors.
- Compliance and Transparency: The Series C offering is conducted under the Company's effective shelf registration statement, ensuring compliance and enhancing investor trust in the company's transparency, which facilitates future capital management and strategic growth.
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Analyst Views on NREF
Wall Street analysts forecast NREF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NREF is 14.50 USD with a low forecast of 14.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 14.510
Low
14.00
Averages
14.50
High
15.00
Current: 14.510
Low
14.00
Averages
14.50
High
15.00
About NREF
NexPoint Real Estate Finance, Inc. is a commercial mortgage real estate investment trust (REIT). The Company is primarily focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily and single-family commercial mortgage-backed securities securitizations, promissory notes, revolving credit facilities and stock warrants. The Company’s primary investment objective is to generate attractive, risk-adjusted returns for stockholders over the long term. It intends to achieve this objective primarily by originating, structuring and investing in its target assets. It primarily focuses on investments in the real estate sectors, including in the multifamily, SFR, self-storage and life science sectors, predominantly in the metropolitan statistical areas (MSAs). Its business is conducted through NexPoint Real Estate Finance Operating Partnership, L.P.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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