Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 388

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 388
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657 Accounts payable and other accrued liabilities9,458 6,428 Accrued interest payable10,020 8,209 Bonds payable held in variable interest entities, at fair value4,029,214 5,289,997 Total Liabilities4,844,380 6,572,846 Redeemable Series B Preferred stock, $0.01 par value: 16,000,000 shares authorized; 6,695,715 and 427,218 shares issued and outstanding, respectively149,045 8,599 Redeemable noncontrolling interests in the OP86,164 89,471 Stockholders' Equity:Noncontrolling interest in CMBS variable interest entities3,255 — Noncontrolling interest in subsidiary95 95 Series A Preferred stock, $0.01 par value: 100,000,000 shares authorized; 1,645,000 and 2,000,000 shares issued and 1,645,000 and 1,645,000 shares outstanding, respectively16 16 Common stock, $0.01 par value: 500,000,000 shares authorized; 17,461,129 and 17,518,900 shares issued and 17,461,129 and 17,231,913 shares outstanding, respectively174 172 Additional paid-in capital387,892 395,737 Retained earnings (accumulated deficit)(54,948)(35,821)Series A Preferred stock held in treasury at cost; 0 shares and 355,000, respectively— (8,567)Common stock held in treasury at cost; 0 shares and 286,987 shares, respectively— (4,195)Total Stockholders' Equity336,484 347,437 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$5,416,073 $7,018,353 (1) Includes credit allowance of $0.8 million and $1.8 million in 2024 and 2023, respectively(2) Includes credit allowance of $0.6 million and $0.3 million in 2024 and 2023, respectively

See Notes to Consolidated Financial Statements

F-3

Table of Contents

NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per