Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 90

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 90
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84

Table of Contents

INDEX TO FINANCIAL STATEMENTS

PageFinancial StatementsNexPoint Real Estate Finance, Inc.—Consolidated Financial StatementsReport of Independent Registered Public Accounting Firm (PCAOB ID# 185)F-2Consolidated Balance Sheets as of December 31, 2024 and 2023F-3Consolidated Statements of Operations for the Years Ended December 31, 2024, 2023, and 2022F-4Consolidated Statements of Stockholders’ Equity for the Years Ended December 31, 2024, 2023, and 2022F-5Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023, and 2022F-7Notes to Consolidated Financial StatementsF-11

F-1

Table of Contents

Report of Independent Registered Public Accounting Firm

To the Stockholders and the Board of Directors

NexPoint Real Estate Finance, Inc.:

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of NexPoint Real Estate Finance, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of operations, stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of