Nuveen Variable Rate Preferred & Income Fund
NPFDFinancial ServicesNASDAQAsset Management · Last scanned Jul 18, 2026
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Daily timeframeNuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The $446.6M market capitalization puts NPFD squarely in small-cap range for its industry. The company is based in Chicago, Illinois.
Market Cap
$446.6M
Beta
0.73
P/E (TTM)
8.60
P/E (Fwd)
—
EPS (TTM)
$2.15
EPS (Fwd)
—
ROE
10.7%
ROA
3.2%
Cash
—
Total Debt
$273.7M
Free CF
$16.0M
52W Change
-3.5%
Annual Financials
Cash vs Debt
Nuveen Variable Rate Preferred & Income Fund carries $273.7M in total debt, a figure that investors should evaluate relative to the company's earnings power. Free cash flow comes in at $16.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 10.7% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$75.1M (2022) to $66.8M (2024), reflecting a 189% increase over the period.
As with any equity investment, NPFD carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Nuveen Variable Rate Preferred & Income Fund's trajectory.