Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 277

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 277
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 million for the three months ended September 30, 2024, which was an increase of approximately $1.2 million. The increase between the periods was primarily due to a $0.5 million increase in other expenses compared to the prior period as well as a $0.5 million increase in audit fees.

Loan servicing fees. Loan servicing fees were $0.4 million for the three months ended September 30, 2025 compared to $0.3 million for the three months ended September 30, 2024, which was an increase of approximately $0.1 million and primarily the result of increases in loan servicing rates.

Management fees. Management fees were $1.8 million for the three months ended September 30, 2025 compared to $1.0 million for the three months ended September 30, 2024, which was an increase of approximately $0.8 million. The increase between the periods was primarily due to an increase in Equity as defined by the Management Agreement.

Expenses from consolidated real estate owned.  Expenses from consolidated real estate owned were $2.8 million for the three months ended September 30, 2025, compared to $4.3 million for the three months ended September 30, 2024, which was a decrease of approximately $1.5 million. The decrease between the periods is due to the Company selling Hudson Montford on July 22, 2025.

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

For the Nine Months Ended September 30,20252024$ Change% ChangeNet interest income$36,075 $6,444 $29,631 459.8 %Other income88,926 42,026 46,900 111.6 %Operating expenses(25,906)(27,664)1,758 (6.4)%Net income99,095 20,806 78,289 376.3 %Net (income) loss attributable to Series A Preferred stockholders(2,622)(2,622)— — %Net (income) loss attributable to Series B Preferred stockholders(17,256)(4,545)(12,711)279.7 %Net (income) loss attributable to redeemable noncontrolling interests(15,383)(4,322)(11,061)255.9