NREF vs REFI
NREF: A REIT that sources and manages real estate debt financing backed by commercial property across diversified markets. REFI: A mortgage REIT that originates and invests in first-lien commercial real estate loans, generating income through interest and origination fees while maintaining a diversified portfolio of non-agency mortgages.
Side-by-side fundamentals
| Metric | NREF | REFI | Edge |
|---|---|---|---|
| Price as of 2026-07-30 close | $16.89 | $10.06 | |
| Market cap as of 2026-08-01 | $318M | $213M | |
| P/E as of 2026-08-01 | 3.09 | 6.79 | NREF lower |
| PEG as of 2026-08-01 | 0.47 | n/a | |
| Net margin as of 2026-08-01 | +46.2% | +48.9% | REFI higher |
| Gross margin as of 2026-08-01 | +83.3% | +88.0% | REFI higher |
| Operating margin as of 2026-08-01 | +53.5% | +48.9% | NREF higher |
| ROE as of 2026-08-01 | +14.9% | +10.0% | NREF higher |
| ROA as of 2026-08-01 | +1.9% | +7.1% | REFI higher |
| Debt / equity as of 2026-08-01 | 5.68 | 0.38 | REFI lower |
| Revenue growth (YoY) as of 2026-08-01 | +45.1% | +2.0% | NREF higher |
| Dividend yield as of 2026-08-01 | +11.8% | +19.1% | REFI higher |
| Dividend streak (yrs) SEC XBRL | 2 | 1 | NREF higher |
| Beta as of 2026-08-01 | 1.18 | 0.34 | |
| 1-year return as of 2026-07-30 close | +17.8% | -25.3% | NREF higher |
Fundamentals: market data, as of 2026-08-01. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-30.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.