NexPoint Real Estate Finance (NREF) vs TPG RE Finance (TRTX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
NexPoint Real Estate Finance (NREF) has outperformed TPG RE Finance (TRTX) over the past year, gaining 10.7% versus a loss of 30.5%. Over five years, NREF leads with a -25.9% price change compared with -53.6% for TRTX. TPG RE Finance is the larger company by market cap ($457.5 million vs $352.9 million), about 1.3 times the size.
On valuation, TPG RE Finance trades at a lower forward P/E (5.4x vs 8.8x for NexPoint Real Estate Finance). TPG RE Finance offers the higher dividend yield (16.11% vs 13.05%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NREF | TRTX |
|---|---|---|
| Share price | $15.32 | $5.96 |
| Market cap | $352.88M | $457.54M |
| 1-day change | -0.91% | -1.49% |
| YTD return | +8.81% | -30.78% |
| 1-year return | +10.69% | -30.54% |
| 5-year return | -25.92% | -53.58% |
| P/E ratio (TTM) | 6.75 | 11.04 |
| Forward P/E | 8.75 | 5.41 |
| EPS (TTM) | $2.27 | $0.54 |
| Dividend yield | 13.05% | 16.11% |
| Annual dividend | $2.00 | $0.96 |
| 52-week high | $18.43 | $9.37 |
| 52-week low | $12.36 | $5.85 |
| Distance from 52-week high | -16.87% | -36.39% |
| Analyst consensus | none | none |
| Avg. price target upside | +9.33% | +65.77% |
| Average volume | 57.77K | 903.28K |
| Shares outstanding | 18.85M | 76.77M |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Mortgage | REIT - Mortgage |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NREF has outperformed TRTX by 41.2 percentage points over the past year.
- TPG RE Finance trades at a higher earnings multiple (11.0x vs 6.7x trailing P/E).
- TPG RE Finance offers a meaningfully higher dividend yield (16.11% vs 13.05%).
About NexPoint Real Estate Finance
NREF stock →NexPoint Real Estate Finance, Inc. operates as a commercial mortgage real estate investment trust in the United States.
Real Estate · REIT - Mortgage
About TPG RE Finance
TRTX stock →TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments.
Real Estate · REIT - Mortgage
NREF vs TRTX FAQ
Which is bigger, NexPoint Real Estate Finance or TPG RE Finance?
TPG RE Finance (TRTX) is larger, with a market capitalization of $457.54M compared with $352.88M for NexPoint Real Estate Finance (NREF).
Which stock has performed better over the past year, NREF or TRTX?
NREF returned +10.69% over the past 12 months, compared with -30.54% for TRTX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NREF or TRTX?
NREF has the lower trailing P/E at 6.7, versus 11.0 for TRTX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, NexPoint Real Estate Finance or TPG RE Finance?
TPG RE Finance has the higher yield at 16.11%, compared with 13.05% for NexPoint Real Estate Finance.
Are NexPoint Real Estate Finance and TPG RE Finance in the same industry?
Yes. Both are classified in the REIT - Mortgage industry within the Real Estate sector.