Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 214

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 214
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 %AdjustmentsAmortization of stock-based compensation1,283 1,798 (28.6)%Provision for (reversal of) credit losses3,625 (420)(963.1)%Equity in (income) losses of equity method investments(53)2,000 (102.7)%Unrealized (gains) or losses (1)(15,861)1,351 (1274.0)%EAD$9,675 $(11,451)184.5 %EAD per Diluted Common Share (2)$0.41 $(0.46)189.8 %AdjustmentsAmortization of premiums2,262 27,874 (91.9)%Accretion of discounts(2,540)(3,880)34.5 %Depreciation and amortization of real estate investments1,079 2,318 -53.5 %Amortization of deferred financing costs12 12 — %CAD$10,488 $14,873 (29.5)%CAD per Diluted Common Share (2)$0.45 $0.60 (25.1)%Weighted-average common shares outstanding - basic17,516 17,264 1.5 %Weighted-average common shares outstanding - diluted36,049 24,862 45.0 %Shares attributable to potential redemption of Series B Preferred(12,652)— N/AAdjusted weighted-average common shares outstanding - diluted (2)23,397 24,862 (5.9)%

(1)Unrealized gains are the net change in unrealized loss on investments held at fair value applicable to common stockholders.

(2)Starting in the second quarter of 2024, EAD per diluted common share, CAD per diluted common share and adjusted weighted average common shares outstanding - diluted do not include the dilutive effect of the potential redemption of Series B Preferred Stock for common shares. Prior periods have not been updated to reflect this adjustment because the dilutive effect of potential Series B Preferred redemptions were immaterial to prior periods. In the three months ended March 31, 2024, the adjusted weighted average common shares outstanding - diluted does not exclude the dilutive effect of the potential redemption of Series B Preferred Stock for common shares.

51

Book Value per Share / Unit

The following table calculates our book value per share (in thousands, except per