Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 74

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 74
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 of the multifamily properties.

Results of Operations for the Three and Six Months Ended June 30, 2025 and 2024

The following tables set forth a summary of our operating results for the three months ended June 30, 2025 and 2024 (in thousands):

For the Three Months Ended June 30,20252024$ Change% ChangeNet interest income (loss)$12,069 $6,740 $5,329 79.1 %Other income19,473 14,168 5,305 37.4 %Operating expenses(9,271)(8,794)(477)5.4 %Net income (loss)22,271 12,114 10,157 83.8 %Net (income) loss attributable to Series A Preferred stockholders(874)(874)— N/ANet (income) loss attributable to Series B Preferred stockholders(5,675)(1,477)(4,198)N/ANet (income) loss attributable to redeemable noncontrolling interests(3,437)(2,275)(1,162)51.1 %Net income attributable to common stockholders$12,285 $7,488 $4,797 64.1 %

The change in our net income (loss) for the three months ended June 30, 2025 as compared to the net income (loss) for the three months ended June 30, 2024 primarily relates to an increase in interest income due to higher yielding assets and a decrease in interest expense related to the repayment of one of our senior loans. Our net income (loss) attributable to common stockholders for the three months ended June 30, 2025 was approximately $12.3 million. We had approximately $12.1 million in net interest income, generated $19.5 million in other income, incurred operating expenses of $9.3 million, allocated $0.9 million of income to Series A Preferred stockholders, allocated $5.7 million of income to Series B Preferred stockholders, and allocated $3.4 million of income to redeemable noncontrolling interests for the three months ended June 30, 2025.

Revenues

Net interest income (loss). Net interest income was $12.1 million for the three months ended June 30, 2025 compared to net interest income of $6.7 million for the three months ended June 30,