Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 3

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 3
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emable Series B Preferred stock, $0.01 par value: 16,000,000 shares authorized; 13,717,142 and 6,695,715 shares issued and outstanding, respectively305,564 149,045 Redeemable noncontrolling interests in the OP93,989 86,164 Stockholders' Equity:Noncontrolling interest in CMBS variable interest entities3,319 3,255 Noncontrolling interest in subsidiary95 95 Series A Preferred stock, $0.01 par value: 100,000,000 shares authorized; 1,645,000 and 1,645,000 shares issued and outstanding, respectively16 16 Common stock, $0.01 par value: 500,000,000 shares authorized; 17,721,828 and 17,461,129 shares issued and outstanding, respectively177 174 Additional paid-in capital390,804 387,892 Retained earnings (accumulated deficit)(18,988)(54,948)Total Stockholders' Equity375,423 336,484 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$5,278,074 $5,416,073 

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(1) Includes credit allowance of $25.9 million and $0.8 million, respectively(2) Includes credit allowance of $0.1 million and $0.6 million, respectively

See Notes to Consolidated Financial Statements

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NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts) 

(Unaudited)

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For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Net interest income (loss)Interest income (1)$22,853 $23,559 $67,734 $40,218 Interest expense(10,356)(11,041)(31,659)(33,774)Total net interest income (loss)12,497 12,518 36,075 6,444 Other income (loss)Change in net assets related to consolidated CMBS variable interest entities1,838 10,200 9,711 31,532 Change in unrealized gain (loss) on CMBS structured pass-through certificates607 1,541 2,439 1,