Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 2

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 1
Chunk 2
---
Item 1. Financial Statements

1

Table of Contents

NEXPOINT REAL ESTATE FINANCE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

2

Table of Contents

March 31, 2025December 31, 2024(Unaudited)ASSETSCash and cash equivalents$19,224 $3,877 Restricted cash4,264 3,176 Real estate investments, net120,895 121,836 Loans, held-for-investment, net ($24,045 and $28,036 with related parties, respectively) (1)489,942 497,544 Common stock investments, at fair value ($29,289 and $30,467 with related parties, respectively)55,975 57,389 Equity method investments ($1,556 and $1,504 with related parties, respectively)1,556 1,504 Mortgage loans, held-for-investment, net (2)273,452 263,395 Preferred stock investments, at fair value73,962 18,949 Accrued interest and dividends40,316 41,208 Mortgage loans held in variable interest entities, at fair value4,235,748 4,343,359 CMBS structured pass-through certificates, at fair value39,852 34,979 Stock warrant investments42,573 27,400 Accounts receivable and other assets1,000 1,457 TOTAL ASSETS$5,398,759 $5,416,073 LIABILITIES AND STOCKHOLDERS' EQUITYLiabilities:Secured financing agreements, net ($9,923 and $9,869 with related parties, respectively)$252,690 $235,769 Master repurchase agreements258,598 243,454 Unsecured notes, net ($6,500 and $6,500 with related parties, respectively)221,395 221,001 Mortgages payable, net95,390 95,464 Accounts payable and other accrued liabilities8,725 9,458 Accrued interest payable13,036 10,020 Bonds payable held in variable interest entities, at fair value3,928,411 4,029,214 Total Liabilities4,778,245 4,844,380 Redeemable Series B