Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 83

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 83
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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.  

EAD per diluted common share and CAD per diluted common share for periods prior to the second quarter of 2024 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 and nine months ended September 30, 2025 and 2024 (in thousands, except per share amounts):

For the Three Months Ended September 30,20252024% ChangeNet income attributable to common stockholders$35,032 $16,116 117.4 %Net income attributable to redeemable noncontrolling interests7,782 3,940 97.5 %AdjustmentsAmortization of stock-based compensation1,504 1,411 6.6 %Provision for (reversal of) credit losses15,680 (298)5361.7 %Equity in (income) losses of equity method investments(12)1,105 (101.1)%Unrealized (gains) or losses (1)(48,344)(4,660)937.4 %EAD$11,642 $17,614 (33.9)%EAD per Diluted Common Share$0.51 $0.75 (32.3)%AdjustmentsAmortization of premiums3,750 4,093 (8.4)%Accretion of discounts(4,055)(7,071)42.7 %Depreciation and amortization of real estate investments620 1,099 (43.6)%Amortization of deferred financing costs137 12 1041.7 %CAD$12,094 $15,747 (23.2)%CAD per Diluted Common Share$0.53 $0.67 (20.9)%Weighted-average common shares outstanding - basic17,722 17,461 1.5 %Weighted-average common shares outstanding - diluted43,854