Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 71

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 71
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 The decrease between the periods was primarily due to $1.7 million decrease in legal expense compared to the prior period.

Loan servicing fees. Loan servicing fees were $0.3 million for the three months ended March 31, 2025 compared to $0.6 million for the three months ended March 31, 2024, which was a decrease of approximately $0.2 million. The decrease between the periods was primarily due to a decrease in SFR Loans in the portfolio compared to the prior period.

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Management fees. Management fees were $1.4 million for the three months ended March 31, 2025 compared to $0.8 million for the three months ended March 31, 2024. The increase between the periods was primarily due to an increase in Equity as defined by the Management Agreement.

Expenses from consolidated real estate owned.  Expenses from consolidated real estate owned were $4.0 million for the three months ended March 31, 2025, compared to $5.4 million for the three months ended March 31, 2024, which was an decrease of approximately $1.4 million. The decrease between the periods is due to a decrease in depreciation and amortization.

Key Financial Measures and Indicators

As a real estate finance company, we believe the key financial measures and indicators for our business are earnings per share, dividends declared, EAD, CAD and book value per share.

Earnings Per Share and Dividends Declared

The following table sets forth the calculation of basic and diluted net income per share and dividends declared per share (in thousands, except per share data):

For the Three Months Ended March 31,20252024% ChangeNet income attributable to common stockholders$16,518 $(14,286)215.6 %Net income attributable to redeemable noncontrolling interests4,163 (1,894)319.8 %Net (income) loss attributable to Series B Preferred stockholders4,407 665 562.7 %Weighted-average number of shares of common stock outstandingBasic17,516 17,264 1.5 %Diluted36,049 24,862 45.0 %Net income per share, basic$0.94 $(0.83)213.0 %Net income per share, diluted$0.70 $(0.83)184.3 %Dividends declared per share$0.5000