Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 4

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 4
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 (loss) on mortgage backed securities— 440 Reversal of (provision for) credit losses(3,625)420 Dividend income1,999 500 Other income (loss)(70)74 Loss on extinguishment of debt(45)— Equity in income (losses) of equity method investments53 (2,000)Revenues from consolidated real estate owned2,409 2,211 Total other income (loss)$22,736 $9,199 Operating expensesGeneral and administrative expenses2,512 4,187 Loan servicing fees321 567 Management fees1,411 835 Expenses from consolidated real estate owned4,039 5,437 Total operating expenses$8,283 $11,026 Net income (loss)25,962 (14,641)Net (income) loss attributable to Series A preferred stockholders(874)(874)Net (income) loss attributable to Series B preferred stockholders(4,407)(665)Net (income) loss attributable to redeemable noncontrolling interests(4,163)1,894 Net income (loss) attributable to common stockholders$16,518 $(14,286)  Weighted-average common shares outstanding - basic17,51617,264Weighted-average common shares outstanding - diluted (2)36,04924,862Earnings (loss) per share outstanding - basic$0.94 $(0.83)Earnings (loss) per share outstanding - diluted$0.70 $(0.83)Dividends declared per common share$0.5000 $0.5000 

(1)     Includes $25.0 million related to accelerated amortization of the premium associated with the prepayment on a senior loan in the first quarter of 2024.

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(2)    Diluted earnings per share ("EPS") calculations were higher than basic EPS and thus anti-dilutive for the three months ended March 31, 2024. As such, the Company is presenting diluted EPS as equal to basic EPS for the three months ended March 31, 2024.

See Notes to Consolidated Financial Statements

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NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(dollars in thousands)

(Unaudited)

Three Months Ended March