Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 339

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 339
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 the prior period.

Loan servicing fees. Loan servicing fees were $1.6 million for the year ended December 31, 2024 compared to $4.2 million for the year ended December 31, 2023 which was a decrease of approximately $2.6 million. The decrease between the periods was primarily due to a decrease in SFR Loans and mortgage backed securities in the portfolio compared to the prior period.

Management fees. Management fees were $3.9 million for the year ended December 31, 2024 compared to $3.3 million for the year ended December 31, 2023 which was an increase of approximately $0.6 million. The increase between the periods was primarily due to an increase in Equity as defined by the Management Agreement.

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Table of Contents

Results of Operations for the Years Ended December 31, 2023 and 2022

The following table sets forth a summary of our operating results for the years ended December 31, 2023 and 2022 (in thousands):

For the Year EndedDecember 31,$ Change% Change20232022Net interest income$16,798 $37,733 $(20,935)(55.5)%Other income25,292 2,661 22,631 850.5 %Operating expenses(23,350)(26,180)2,830 (10.8)%Net income18,740 14,214 4,526 31.8 %Net (income) attributable to Series A Preferred shareholders(3,496)(3,512)16 (0.5)%Net (income) attributable to Series B Preferred shareholders(80)— (80)N/ANet (income) attributable to redeemable noncontrolling interests(4,765)(4,969)204 (4.1)%Net (income) attributable to redeemable noncontrolling interests in subsidiaries— (2,499)2,499 N/ANet income attributable to common stockholders$10,399 $3,234 $7,165 221.6 %

The change in our net income for the year ended December 31, 2023 as compared to the net income for the year ended December 31, 2022 primarily relates to a decrease in operating expenses and an increase in other income including changes in net assets related to consolidated CMBS VIEs. Our net income attributable to common stockholders for the year ended December