NexPoint Real Estate Finance, Inc. (NREF) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NREF currently has 18.6M outstanding shares. with significant dilution risk as 23.2M authorized shares could dilute existing holders by 124.8%. The company has minimally diluted shareholders by 7.33% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 18.6M shares outstanding |
19M | 23M |
| Mar 31, 2026 |
10-K filing | 17.7M shares outstanding |
18M | 24M |
| Nov 13, 2025 |
10-Q filing | 17.7M shares outstanding |
18M | 24M |
| Nov 04, 2025 |
8-K filing: NexPoint Real Estate Finance, Inc. entered into a Third Amendment to Dealer Manager Agreement with NexPoint Securities, Inc. for the offering of up to 8,000,000 shares of Series C Preferred Stock at $25.00 per share. |
18M | 24M |
| Oct 01, 2025 |
8-K filing: NexPoint Real Estate Finance, Inc. authorized an additional 1,200,000 shares of Series B Preferred Stock, bringing the total authorized to 17,200,000 shares, and may issue up to 3,482,858 shares of Series B Preferred Stock at $25.00 per share. |
18M | 24M |
| Aug 07, 2025 |
10-Q filing | 17.7M shares outstanding |
18M | 24M |
| May 12, 2025 |
10-Q filing | 17.5M shares outstanding |
18M | 24M |
| Mar 27, 2025 |
10-K filing | 17.4M shares outstanding |
17M | 24M |
| Mar 14, 2025 |
8-K filing: NexPoint Real Estate Finance, Inc. continues its offerings of Series B Preferred Stock and common stock under its shelf registration statement, having sold 8,118,666 shares of Series B Preferred Stock and common stock with an aggregate purchase price of $12.6 million as of March 14, 2025. |
17M | 24M |
| Nov 07, 2024 |
10-Q filing | 17.5M shares outstanding |
17M | 24M |
| Aug 08, 2024 |
10-Q filing | 17.4M shares outstanding |
17M | 24M |
| May 14, 2024 |
10-Q filing | 17.3M shares outstanding |
17M | 25M |
| Mar 22, 2024 |
10-K filing | 17.2M shares outstanding |
17M | 25M |
| Dec 20, 2023 |
S-3 filing: NexPoint Real Estate Finance, Inc. may offer to sell up to an aggregate of $750,000,000 of common stock, preferred stock, warrants and debt securities in one or more primary offerings. |
17M | 25M |
| Nov 13, 2023 |
10-Q filing | 17.2M shares outstanding |
17M | 25M |
| Nov 02, 2023 |
8-K filing: NexPoint Real Estate Finance, Inc. entered into a Dealer Manager Agreement for an offering of up to 16,000,000 shares of 9.00% Series B Cumulative Redeemable Preferred Stock at $25.00 per share and filed Articles Supplementary to classify and designate these shares. |
17M | 25M |
| Aug 08, 2023 |
10-Q filing | 17.2M shares outstanding |
17M | 25M |
| May 11, 2023 |
10-Q filing | 17.1M shares outstanding |
17M | 25M |
| Mar 31, 2023 |
10-K filing | 17.5M shares outstanding |
17M | 24M |
| Dec 23, 2022 |
8-K filing: NexPoint Real Estate Finance, Inc. redeemed 2,100,000 Class B OP Units and issued 2,100,000 shares of common stock to the redeeming unitholder on December 23, 2022. |
15M | 27M |
| Nov 02, 2022 |
10-Q filing | 15.0M shares outstanding |
15M | 27M |
| Aug 03, 2022 |
10-Q filing | 14.7M shares outstanding |
15M | 27M |
| May 03, 2022 |
10-Q filing | 13.9M shares outstanding |
14M | 28M |
| Mar 04, 2022 |
S-3 filing: NexPoint Real Estate Finance, Inc. may offer to sell up to an aggregate of $500,000,000 of common stock, preferred stock, warrants and debt securities in one or more primary offerings. |
9.2M | 33M |
| Feb 28, 2022 |
10-K filing | 9.2M shares outstanding |
9.2M | 9.6M |
| Jan 10, 2022 |
8-K filing: NexPoint Real Estate Finance, Inc. issued 4,774,570 shares of common stock in connection with the redemption of Class C OP Units for cash on January 7, 2022. ($100456.95M proceeds) |
9.2M | 9.6M |
| Nov 09, 2021 |
10-Q filing | 9.2M shares outstanding |
9.2M | 9.6M |
| Sep 09, 2021 |
8-K filing: NexPoint Real Estate Finance, Inc. redeemed approximately 1,479,132 OP Units and issued 1,479,132 shares of common stock to the redeeming unitholders for approximately $31.4 million. ($31.4M proceeds) |
5.3M | 13M |
| Aug 20, 2021 |
8-K filing: NexPoint Real Estate Finance, Inc. sold 2,000,000 shares of its common stock at a public offering price of $21.00 per share, with an option for the Underwriters to purchase up to an additional 300,000 shares. ($42.0M proceeds) |
5.3M | 13M |
| Aug 03, 2021 |
10-Q filing | 5.3M shares outstanding |
5.3M | 13M |
| Apr 30, 2021 |
10-Q filing | 5.0M shares outstanding |
5M | 14M |
| Mar 26, 2021 |
S-3/A filing: NexPoint Real Estate Finance, Inc. may offer to sell up to an aggregate of $250,000,000 of common stock, preferred stock, warrants and debt securities in one or more primary offerings. |
5.2M | 14M |
| Mar 03, 2021 |
S-3/A filing: NexPoint Real Estate Finance, Inc. may offer to sell up to an aggregate of $150,000,000 of common stock, preferred stock, warrants and debt securities in one or more primary offerings. |
5.2M | 7.8M |
| Feb 25, 2021 |
10-K filing | 5.2M shares outstanding |
5.2M | 0 |
| Oct 30, 2020 |
10-Q filing | 5.3M shares outstanding |
5.3M | 0 |
| Aug 10, 2020 |
10-Q filing | 5.3M shares outstanding |
5.3M | 0 |
| May 08, 2020 |
10-Q filing | 5.2M shares outstanding |
5.2M | 0 |