Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 186

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 186
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 diluted computations$25,088 $(15,515)Weighted-average common shares outstandingAverage number of common shares outstanding - basic17,51617,264Average number of common shares from assumed vesting of unvested restricted stock units843740Average number of common shares from assumed conversion of OP Units5,0385,038Average number of common shares from assumed conversion of Series B Preferred Stock12,6521,820 Average number of common shares outstanding - diluted36,04924,862Earnings per weighted average common share:Basic$0.94 $(0.83)Diluted (1)$0.70 $(0.83)(1) Diluted 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.

13. Noncontrolling Interests

Redeemable Noncontrolling Interests in the OPThe following table sets forth the redeemable noncontrolling interests in the OP (reflecting the OP’s consolidation of the Subsidiary OPs) for the three months ended March 31, 2025 and 2024 (in thousands):For the Three Months Ended March 31,20252024Redeemable noncontrolling interests in the OP, January 1,$86,164 $89,471 Net income attributable to redeemable noncontrolling interests in the OP4,163 (1,894)Distributions to redeemable noncontrolling interests in the OP(2,519)(2,519)Redeemable noncontrolling interests in the OP, March 31,$87,808 $85,058 The table below presents the common shares and OP Units outstanding held by the noncontrolling interests (“NCI”), as the OP Units and SubOP Units held by the Company are eliminated in consolidation:Period EndCommon SharesOutstandingOP Units Held byNCICombinedOutstandingMarch 31, 202517,643,5265,038,38222,681,908

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14. Related Party Transactions

Management FeeIn accordance with the Management Agreement, the Company pays the Manager an annual management fee equal to 1.5% of Equity (as defined below), paid monthly, in cash or shares of Company common stock at the election of our Manager (the “Annual Fee”). The duties performed by