Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 67

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 67
---
523 100.0 %5.67 %5.67 %11/25/2034Floating RatePreferred EquitySingle-family1/31/20251,400,000 99.0 %13.50 %13.64 %4/28/2027Floating Rate$83,484,103 

(1)Current yield and coupon as of March 31, 2025.

Redemptions and Sales

The following investments were redeemed or sold during the three months ended March 31, 2025:

InvestmentProperty TypeInvestment DateDisposition DateAmortized Cost BasisRedemption/Sales ProceedsPrepayment PenaltiesNet Gain (Loss) on RepaymentPreferred EquityLife Science4/6/20231/2/2025$10,300,000 $10,300,000 $— $— Preferred EquityLife Science10/19/20221/8/20251,901,474 1,901,474 — — Promissory NoteN/A3/28/20243/12/2025500,000 500,000 — — $12,701,474 $12,701,474 $— $— 

Components of Our Revenues and Expenses

Net Interest Income 

Interest income. Our earnings are primarily attributable to the interest income from mortgage loans, mezzanine loan and preferred equity investments. Loan premium/discount amortization and prepayment penalties are also included as components of interest income.

Interest expense. Interest expense represents interest accrued on our various financing obligations used to fund our investments and is shown as a deduction to arrive at net interest income.

46

Other Income (Loss)

Change in net assets related to consolidated CMBS variable interest entities. Includes unrealized gain (loss) based on changes in the fair value of the assets and liabilities of the CMBS trusts and net interest earned on the consolidated CMBS trusts. See Note 4 to our consolidated financial statements for additional information.

Change in unrealized gain (loss) on CMBS structured pass-through certificates. Includes unrealized gain (loss) based on changes in the fair value of the CMBS I/O Strips. See Note 7 to our consolidated financial statements for additional information.

Change in unrealized gain on common stock investments. Includes unrealized gain (loss) based on changes in the fair value of our common stock investments in NSP and the Private REIT. See Note 5 to our