Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 511

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 10
Chunk 511
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 revolving credit facilities and senior loans in the portfolio compared to the prior period. As of December 31, 2024 we own 83 discrete investments compared to 87 as of December 31, 2023. 

Other income. Other income was $44.5 million for the year ended December 31, 2024 compared to $25.3 million for the year ended December 31, 2023 which was an increase of approximately $19.2 million. This was primarily due to an increase in realized gains related to sales of consolidated CMBS VIEs.

Expenses

G&A expenses. G&A expenses were $12.8 million for the year ended December 31, 2024 compared to $9.2 million for the year ended December 31, 2023 which was an increase of approximately $3.6 million. The increase between the periods was primarily due to a $1.7 million increase in stock compensation expense, a $1.2 million increase in legal fees, and a $0.2 million increase in tax fees compared to 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