Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 140

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1A
Chunk 140
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806 59,331 2 1,229 68,368 Accumulated depreciation and amortization— (7,662)— (1,088)(8,750)Total Real Estate Investments, Net$18,802 $101,873 $2 $1,159 $121,836 

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The following table reflects the revenue and expenses for the three and nine months ended September 30, 2025 and 2024 for our multifamily properties (in thousands):For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024RevenuesRental income$1,569 $2,195 $6,401 $6,316 Other income10 (6)89 119 Total revenues1,579 2,189 6,490 6,435 ExpensesInterest expense1,456 2,096 5,113 6,270 Real estate taxes and insurance217 150 980 1,034 Property operating expenses389 653 1,516 1,799 Property general and administrative expenses92 98 333 175 Property management fees51 66 192 190 Depreciation and amortization620 1,099 2,313 4,499 Rate cap (income) expense1 138 (11)139 Casualty (gain) loss— — — (1)Total expenses2,826 4,300 10,436 14,105 Net income (loss) from consolidated real estate owned$(1,247)$(2,111)$(3,946)$(7,670)

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9. Debt

The following table summarizes the Company’s financing arrangements in place as of September 30, 2025 (dollars in thousands):September 30, 2025FacilityCollateralDate issuedOutstandingface amountCarryingvalueFinal statedmaturityWeightedaverageinterestrate (1)Weightedaveragelife (years)(2)Outstandingface amountAmortized cost basisCarryingvalue (3)Weightedaveragelife (years)(2)Master Repurchase AgreementsCMBSMizuho(4)4/15/2020$257,605 $257,605 N/A(5)5.96 %0.0$740,573 $352,449