Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 63

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 63
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 manages the business on a consolidated basis, and therefore the Company has identified NREF as the one operating segment and the reportable segment. As of March 31, 2025 the Company’s chief operating decision maker was the Chief Financial Officer, Executive VP-Finance, Assistant Secretary and Treasurer of the Company.The significant segment expenses are computed in accordance with GAAP and are consistent with the financial information presented in the Consolidated Statements of Operations.

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17. Subsequent Events

Dividends DeclaredThe Board declared the second regular quarterly dividend of 2025 to common stockholders of $0.50 per share on April 28, 2025, to be paid on June 30, 2025, to stockholders of record as of June 13, 2025.Series B PreferredAs of May 9, 2025, the Company has issued an additional 1,178,892 shares of Series B Preferred Stock for net proceeds of $26.5 million.Series B Preferred RedemptionsOn April 10 and April 29, 2025, the Company redeemed a total of 6,190 shares of the Series B Preferred Stock for $0.1 million, which is the share price of $25.00 per share subject to the applicable redemption fee plus any accrued but unpaid dividends.CMBS I/O Strip PurchaseOn April 15, 2025, the Company purchased a CMBS I/O strip for $5.7 million.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion and analysis of our financial condition and results of operations. The following should be read in conjunction with our financial statements and accompanying notes included herein and with our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 27, 2025. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those projected, forecasted, or expected in these forward-looking statements as a result of various factors, including, but not limited to, those discussed below and elsewhere in this quarterly report. See “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024. Our management believes the assumptions underlying the Company's financial statements and accompanying notes are reasonable. However, the Company