Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 74

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 74
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 for cash or shares of our common stock. Additionally, Series B Preferred redemptions are capped at 2% of the outstanding Series B Preferred shares per month, 5% per quarter and 20% per year. The Company maintains sufficient liquidity to pay cash to cover any redemptions up to the quarterly redemption cap. Further, it is the Company's intent to not settle Series B Preferred redemptions in shares of common stock when the Company's common stock price is below book value. 

Adjusted weighted average common shares outstanding - diluted should not be considered as an alternative to the GAAP measures. Our computation of adjusted weighted average common shares outstanding - diluted may not be comparable to adjusted weighted average common shares outstanding - diluted reported by other companies.  

Prior period EAD per diluted common share and CAD per diluted common share have not been updated to reflect this adjustment as the dilutive effect of the Series B Preferred redemptions were immaterial to prior periods.

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The following table provides a reconciliation of EAD and CAD to GAAP net income including the dilutive effect of noncontrolling interests and adjusted weighted average common shares outstanding - diluted to weighted average common shares outstanding - diluted for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):

For the  Ended March 31,20252024% ChangeNet income (loss) attributable to common stockholders$16,518 $(14,286)215.6 %Net income attributable to redeemable noncontrolling interests4,163 (1,894)319.8 %AdjustmentsAmortization of stock-based compensation1,283 1,798 (28.6)%Provision for (reversal of) credit losses3,625 (420)(963.1)%Equity in (income) losses of equity method investments(53)2,000 (102.7)%Unrealized (gains) or losses (1)(15,861)1,351 (1274.0)%EAD$9,675 $(11,451)184.5 %EAD per Diluted Common Share (2)$0.41 $(0.46)189.8 %AdjustmentsAmortization of premiums2,262 27,874 (91.9)%Accretion of discounts(2,540)(3,880)34.5 %Depreciation and amortization of real estate investments1,079