Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 196

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 196
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748,735 shares of the Company's common stock to redeeming unitholders.

12. Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of the Company’s common stock outstanding and excludes any unvested restricted stock units issued pursuant to the LTIP.Diluted earnings per share is computed by adjusting basic earnings per share for the dilutive effect of the assumed vesting of restricted stock units. Additionally, the Company includes the dilutive effect of the potential redemption of OP Units for common shares in accordance with the second amended and restated limited partnership agreement of the OP (as amended, the "OP LPA"). The Company also includes the assumed conversion of the Series B Preferred Stock using the if-converted method. During periods of net loss, the assumed vesting of restricted stock units is anti-dilutive and is not included in the calculation of earnings (loss) per share.

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The following table sets forth the computation of basic and diluted earnings per share for the periods presented (in thousands, except per share amounts):For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Net income (loss) attributable to common stockholders$12,285 $7,488 $28,802 $(6,799)Earnings for basic computationsNet income attributable to redeemable noncontrolling interests3,437 2,275 7,601 382 Net income attributable to Series B preferred stockholders5,675 1,477 10,082 2,142 Net income (loss) for diluted computations$21,397 $11,240 $46,485 $(4,275)Weighted-average common shares outstandingAverage number of common shares outstanding - basic17,71217,42217,61517,343Average number of common shares from assumed vesting of unvested restricted stock units302971166896Average number of common shares from assumed conversion of OP Units5,0385,0385,0385,038Average number of common shares from assumed conversion of Series B Preferred Stock16,4084,357 14,5303,122 Average number of common shares outstanding - diluted39,46027,78837,34926,399Earnings per weighted average common share:Basic$0.69 $0.43 $1.64 $(0.39)Diluted$0.54