Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 209

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 209
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 Ended March 31, 2025, and 2024

The following tables set forth a summary of our operating results for the three months ended March 31, 2025 and 2024 (in thousands):

For the Three Months Ended March 31,20252024$ Change% ChangeNet interest income (loss)$11,509 $(12,814)$24,323 (189.8)%Other income22,736 9,199 13,537 147.2 %Operating expenses(8,283)(11,026)2,743 (24.9)%Net income (loss)25,962 (14,641)40,603 (277.3)%Net (income) loss attributable to Series A Preferred stockholders(874)(874)— NANet (income) loss attributable to Series B Preferred stockholders(4,407)(665)(3,742)NANet (income) loss attributable to redeemable noncontrolling interests(4,163)1,894 (6,057)(319.8)%Net income (loss) attributable to common stockholders$16,518 $(14,286)$30,804 (215.6)%

The change in our net income (loss) for the three months ended March 31, 2025 as compared to the net income (loss) for the three months ended March 31, 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 March 31, 2025 was approximately $16.5 million. We had approximately $11.5 million in net interest income, generated income of $22.7 million in other income, incurred operating expenses of $8.3 million, allocated $0.9 million of income to Series A Preferred stockholders, allocated $4.4 million of income to Series B Preferred stockholders, and allocated $4.2 million of income to redeemable noncontrolling interests for the three months ended March 31, 2025.

Revenues

Net interest income (loss). Net interest income was $11.5 million for the three months ended March 31, 2025 compared to net interest loss of $12.8 million for the three months ended March 31, 2024 which was an increase of approximately $24.