NHPAP vs NREF

National Healthcare Properties, vs NexPoint Real Estate Finance, I — Valuation Comparison 2026

NHPAP

Real Estate Investment Trusts
National Healthcare Properties,
Quality
6.2
out of 10
Value Trap
12
SAFE
Price
$22.35
Last close
Models
13/13
Active
VS

NREF

Real Estate Investment Trusts
NexPoint Real Estate Finance, I
Quality
6.8
out of 10
Value Trap
12
SAFE
Price
$15.61
Last close
Models
8/13
Active

Model-by-Model Comparison

ModelType NHPAP Fair ValueNHPAP Upside NREF Fair ValueNREF Upside
Bayesian DCF Intrinsic $12.38 -41.8% $18.26 +19.8%
Earnings Power Value Intrinsic $23.70 +6.1% — —
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $15.21 -32.0% $39.05 +150.1%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%
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NHPAP vs NREF — Which Stock Is More Undervalued?

NREF scores higher with a 6.8/10 quality rating vs NHPAP's 6.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing National Healthcare Properties, (NHPAP) and NexPoint Real Estate Finance, I (NREF) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

NHPAP currently trades at $22.35 with a QOC of 6.2/10, while NREF trades at $15.61 with a QOC of 6.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).

NHPAP
View Full National Healthcare Properties, Analysis →
NREF
View Full NexPoint Real Estate Finance, I Analysis →