Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 6

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 6
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esting of stock-based compensation——74,34411,428—————1,429 Noncontrolling interest in CMBS variable interest entities————————1,713— 1,713 Net income attributable to Series A preferred stockholders—————874 ————874 Net loss attributable to common stockholders—————(14,286)————(14,286)Series A preferred stock dividends declared ($0.5313 per share)—————(874)————(874)Common stock dividends declared ($0.5000 per share)—————(9,211)————(9,211)Balances, March 31, 20241,645,000$16 17,306,257$173 $397,165 $(59,318)$(4,195)$(8,567)$1,713 $95 $327,082 

See Notes to Consolidated Financial Statements

7

NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

For the Three Months Ended March 31,20252024Cash flows from operating activitiesNet income (loss)$25,962 $(14,641)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Amortization of premiums2,262 27,874 Accretion of discounts(2,540)(3,880)Depreciation and amortization of real estate investment1,079 2,318 Amortization of deferred financing costs12 12 Provision for (reversal of) credit losses3,625 (420)Net change in unrealized (gain) loss on investments held at fair value(15,861)1,351 Equity in (income) losses of unconsolidated equity method ventures(53)2,000 Net realized (gain) loss(46)— Stock-based compensation expense1,283 1,798 Payment in kind income(3,242)(3,448)Loss on extinguishment of debt45 — Changes in operating assets and liabilities:Accrued interest and dividends receivable892 (3,238)Accounts receivable and other assets674 215 Accrued interest payable3,016 4,486 Accounts payable, accrued expenses and other liabilities(1,069)3,284 Net cash provided by operating activities16,039