Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 285

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 285
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 below (in thousands, except per share data):

September 30, 2025December 31, 2024Common stockholders' equity$334,499 $295,624 Redeemable noncontrolling interests in the OP93,989 86,164 Total equity$428,488 $381,788 Redeemable OP Units at period end5,038 5,038Shares of common stock outstanding at period end17,722 17,461Combined shares of common stock and redeemable OP Units22,760 22,499Combined book value per share / unit$18.83 $16.97 

Our Portfolio

Our portfolio consists of SFR Loans, CMBS B-Pieces, CMBS I/O Strips, mezzanine loans, preferred equity investments, common stock investments, preferred stock investments, multifamily properties, promissory notes, revolving credit facilities and stock warrants with a combined unpaid principal balance of $1.5 billion as of September 30, 2025 and assumes the CMBS Entities’ assets and liabilities are not consolidated. The following table sets forth additional information relating to our portfolio as of September 30, 2025 (dollars in thousands):

Investment (1)InvestmentDateCurrentPrincipalAmountNet Equity (2)LocationProperty TypeCouponCurrent Yield (3)Remaining Term (4)(years)Senior Loans1Senior Loan2/11/2020$7,688 $1,081 VariousSingle-family5.35 %5.29 %2.34 2Senior Loan2/11/20205,056 588 VariousSingle-family5.24 %5.06 %3.01 3Senior Loan2/11/202031,793 3,303 VariousSingle-family4.74 %4.73 %0.17 4Senior Loan2/11/20209,253 1,041 VariousSingle-family6.10 %5.87 %3.01 5Senior Loan2/11/202034,835 3,692 VariousSingle-family5.55 %5.31 %3.09 6Senior Loan2/11/20205,447 617 VariousSingle-family5.99 %5.75 %3.17 7Senior Loan2/11/20208,380 1,028 VariousSingle-family5.88 %5.68