Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 75

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 75
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2024 which was an increase of approximately $5.3 million. The increase between the periods is primarily due to increased income from investments in preferred equity loans and on the revolving credit facility. 

Other income. Other income was $19.5 million for the three months ended June 30, 2025 compared to $14.2 million for the three months ended June 30, 2024, which was an increase of approximately $5.3 million. This was primarily due to an increase in unrealized gain related to preferred stock and warrants, a increase in our provision for credit losses as a result due to an increase in specific reserves related to a preferred investment and an increase in income of equity method investments between the periods.

Expenses

G&A expenses. G&A expenses were $3.8 million for the three months ended June 30, 2025 compared to $3.2 million for the three months ended June 30, 2024, which was an increase of approximately $0.6 million. The increase between the periods was primarily due to a $0.5 million increase in payroll expense compared to the prior period.

Loan servicing fees. Loan servicing fees were $0.4 million for the three months ended June 30, 2025 compared to $0.4 million for the three months ended June 30, 2024, which was consistent quarter over quarter.

49

Management fees. Management fees were $1.6 million for the three months ended June 30, 2025 compared to $0.9 million for the three months ended June 30, 2024, which was an increase of approximately $0.7 million. The increase between the periods was primarily due to an increase in Equity as defined by the Management Agreement.

Expenses from consolidated real estate owned.  Expenses from consolidated real estate owned were $3.6 million for the three months ended June 30, 2025, compared to $4.4 million for the three months ended June 30, 2024, which was a decrease of approximately $0.8 million. The decrease between the periods is due to a decrease in depreciation and amortization of Montford as it was classified as Held for sale as of April 1, 2025.

The following tables set forth a summary of our operating results for the six months ended June 30, 2025 and 2024 (in thousands):

For the Six Months Ended June 30,20252024$ Change%