Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 3

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 3
---
 Preferred stock, $0.01 par value: 16,000,000 shares authorized; 8,470,908 and 6,695,715 shares issued and outstanding, respectively188,999 149,045 Redeemable noncontrolling interests in the OP87,808 86,164 Stockholders' Equity:Noncontrolling interest in CMBS variable interest entities3,273 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; 17,643,526 and 17,461,129 shares issued and outstanding, respectively176 174 Additional paid-in capital387,683 387,892 Retained earnings (accumulated deficit)(47,536)(54,948)Total Stockholders' Equity343,707 336,484 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$5,398,759 $5,416,073 

3

(1) Includes credit allowance of $3.9 million and $0.8 million, respectively(2) Includes credit allowance of $1.1 million and $0.6 million, respectively

See Notes to Consolidated Financial Statements

4

NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts) 

(Unaudited)

For the Three Months Ended March 31,20252024Net interest incomeInterest income (1)$22,043 $(1,574)Interest expense(10,534)(11,240)Total net interest income (loss)11,509 (12,814)Other income (loss)Change in net assets related to consolidated CMBS variable interest entities7,084 8,416 Change in unrealized gain (loss) on CMBS structured pass-through certificates1,172 (40)Change in unrealized gain (loss) on common stock investments(1,414)(871)Change in unrealized gain (loss) on preferred stock investments15,173 64 Change in unrealized gain (loss) on MSCR Notes— (15)Change in unrealized gain