Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 273

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 273
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's intent to not settle Series B Preferred redemptions in shares of common stock when the Company's common stock price is below book value. 

Adjusted weighted average common shares outstanding - diluted should not be considered as an alternative to the GAAP measures. Our computation of adjusted weighted average common shares outstanding - diluted may not be comparable to adjusted weighted average common shares outstanding - diluted reported by other companies.  

EAD per diluted common share and CAD per diluted common share for periods prior to the second quarter of 2024 have not been updated to reflect this adjustment as the dilutive effect of the Series B Preferred redemptions were immaterial to prior periods.

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The following table provides a reconciliation of EAD and CAD to GAAP net income including the dilutive effect of noncontrolling interests and adjusted weighted average common shares outstanding - diluted to weighted average common shares outstanding - diluted for the three and six months ended June 30, 2025 and 2024 (in thousands, except per share amounts):

For the Three Months Ended June 30,20252024% ChangeNet income (loss) attributable to common stockholders$12,285 $7,488 64.1 %Net income attributable to redeemable noncontrolling interests3,437 2,275 51.1 %AdjustmentsAmortization of stock-based compensation1,688 1,454 16.1 %Provision for (reversal of) credit losses5,284 (2)264300.0 %Equity in (income) losses of equity method investments1,017 892 14.0 %Unrealized (gains) or losses (1)(13,706)3,852 (455.8)%EAD$10,005 $15,959 (37.3)%EAD per Diluted Common Share$0.43 $0.68 (36.3)%AdjustmentsAmortization of premiums2,558 1,682 52.1 %Accretion of discounts(2,561)(3,693)30.7 %Depreciation and amortization of real estate investments614 1,082 -43.3 %Amortization of deferred financing costs12 12 — %CAD$10,628 $15,042 (29.3)%CAD per Diluted Common Share$0.46 $0.64 (28.1)%Weighted-average