Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 450

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 450
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, except per share amounts)

For the Year Ended December 31,202420232022Net interest incomeInterest income (1)$72,507 $68,358 $77,988 Interest expense(44,371)(51,560)(40,255)Total net interest income28,136 16,798 37,733 Other income (loss)Change in net assets related to consolidated CMBS variable interest entities36,669 38,213 10,239 Change in unrealized gain (loss) on CMBS structured pass-through certificates1,925 1,533 (12,664)Change in unrealized gain (loss) on common stock investments(4,140)(16,736)(5,196)Change in unrealized gain (loss) on preferred stock investments667 266 — Change in unrealized gain (loss) on MSCR Notes(13)65 (53)Change in unrealized gain (loss) on mortgage backed securities763 467 (1,230)Reversal of (provision for) credit losses723 (4,299)(169)Dividend income2,009 193 — Other income748 1,520 399 Realized gain691 — (1,084)Loss on extinguishment of debt(488)— 17 Gain on deconsolidation of variable interest entity— 1,490 — Equity in income (losses) of equity method investments(3,951)(2,564)— Revenues from consolidated real estate owned8,864 5,144 12,402 Total other income (loss)44,467 25,292 2,661 Operating expensesGeneral and administrative expenses12,812 9,204 7,243 Loan servicing fees1,585 4,187 4,388 Management fees3,867 3,281 3,151 Expenses from consolidated real estate owned18,377 6,678 11,398 Total operating expenses36,641 23,350 26,180 Net income35,962 18,740 14,214 Net (income) loss attributable to Series A preferred stockholders(3,496)(3,496)(3,512)Net (income) loss attributable to Series B preferred stockholders(8,003)(80)— Net (income) loss attributable to redeemable noncontrolling interests(6,770)(