Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 81

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 81
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 Preferred redemptions were immaterial to prior periods.

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The following table provides a reconciliation of EAD and CAD to GAAP net income including the dilutive effect of noncontrolling interests and adjusted weighted average common shares outstanding - diluted to weighted average common shares outstanding - diluted for the three and six months ended June 30, 2025 and 2024 (in thousands, except per share amounts):

For the Three Months Ended June 30,20252024% ChangeNet income (loss) attributable to common stockholders$12,285 $7,488 64.1 %Net income attributable to redeemable noncontrolling interests3,437 2,275 51.1 %AdjustmentsAmortization of stock-based compensation1,688 1,454 16.1 %Provision for (reversal of) credit losses5,284 (2)264300.0 %Equity in (income) losses of equity method investments1,017 892 14.0 %Unrealized (gains) or losses (1)(13,706)3,852 (455.8)%EAD$10,005 $15,959 (37.3)%EAD per Diluted Common Share$0.43 $0.68 (36.3)%AdjustmentsAmortization of premiums2,558 1,682 52.1 %Accretion of discounts(2,561)(3,693)30.7 %Depreciation and amortization of real estate investments614 1,082 -43.3 %Amortization of deferred financing costs12 12 — %CAD$10,628 $15,042 (29.3)%CAD per Diluted Common Share$0.46 $0.64 (28.1)%Weighted-average common shares outstanding - basic17,712 17,422 1.7 %Weighted-average common shares outstanding - diluted39,460 27,788 42.0 %Shares attributable to potential redemption of Series B Preferred(16,408)(4,357)276.6 %Adjusted weighted-average common shares outstanding - diluted23,052 23,431 (1.6)%

(1)Unrealized gains are the net change in unrealized loss on investments held at fair value applicable to common stockholders.

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For the Six Months Ended June