Company: NREF
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001786248-25-000016
Chunk: 220

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 6
Chunk 220
---
 below 2.5% of equity book value.

Loan servicing fees. We pay various service providers fees for loan servicing of our SFR Loans, mezzanine loans and consolidated CMBS trusts. We classify the expenses related to the administration of the SFR Loans and mezzanine loans as servicing fees while the fees associated with the CMBS trusts are included as a component of the change in net assets related to consolidated CMBS VIEs.

Management fees. Management fees include fees paid to our Manager pursuant to the Management Agreement.

48

Expenses from consolidated real estate owned (Note 8). Reflects the total expenses for our multifamily properties. Expenses include interest, real estate taxes and insurance, operating, general and administrative, management fees, depreciation and amortization, rate cap (income) expense, and debt service bridge expenses of the multifamily properties.

Results of Operations for the Three and Six Months Ended June 30, 2025 and 2024

The following tables set forth a summary of our operating results for the three months ended June 30, 2025 and 2024 (in thousands):

For the Three Months Ended June 30,20252024$ Change% ChangeNet interest income (loss)$12,069 $6,740 $5,329 79.1 %Other income19,473 14,168 5,305 37.4 %Operating expenses(9,271)(8,794)(477)5.4 %Net income (loss)22,271 12,114 10,157 83.8 %Net (income) loss attributable to Series A Preferred stockholders(874)(874)— N/ANet (income) loss attributable to Series B Preferred stockholders(5,675)(1,477)(4,198)N/ANet (income) loss attributable to redeemable noncontrolling interests(3,437)(2,275)(1,162)51.1 %Net income attributable to common stockholders$12,285 $7,488 $4,797 64.1 %

The change in our net income (loss) for the three months ended June 30, 2025 as compared to the net income (loss) for the three months ended June 30, 2024 primarily relates to an increase in interest income due to higher yielding assets and a decrease in interest expense related to the repayment of one of our senior loans. Our net income (loss)