Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 180

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 180
---
0.95 - 1.15x1.05 %(1)Averages are weighted based on the fair value of the related instrumentThe table below reflects a summary of changes for the Company's Level 3 common and preferred stock assets carried at fair value on the Consolidated Balance Sheets for the three months ended March 31, 2025:Balances as of December 31, 2024AdditionsChange in Unrealized Gains/(Losses)Balances as of March 31, 2025NexPoint Storage Partners$30,467 $— $(1,178)$29,289 IQHQ Series D Preferred Stock18,949 — — 18,949 Private REIT26,922 — (236)26,686 IQHQ Series E Preferred Stock— 39,840 15,173 55,013 Other Financial Instruments Carried at Fair ValueRedeemable noncontrolling interests in the OP and the 9.00% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share (the "Series B Preferred Stock") have redemption features and are marked to their redemption value if such value exceeds the carrying value. The redemption values are based on the fair value of the Company’s common stock at the redemption date, and therefore, are calculated based on the fair value of the Company’s common stock at the balance sheet date. Since the valuation is based on observable inputs such as quoted prices for similar instruments in active markets, the redeemable noncontrolling interests in the OP and the Series B Preferred Stock are classified as Level 2 if they are adjusted to their redemption value. As of March 31, 2025, the redeemable noncontrolling interests in the OP and the Series B Preferred Stock are valued at their carrying value on the Consolidated Balance Sheets.

11. Stockholders’ Equity

Common StockDuring the three months March 31, 2025, the Company issued 182,397 shares of common stock, par value of $0.01 per share pursuant to the Amended and Restated NexPoint Real Estate Finance, Inc. 2020 Long Term Incentive Plan (the " LTIP").As of March 31, 2025, the Company had 17,643,526 shares of common stock issued and outstanding.Preferred StockOn July 24, 2020, the Company issued 2,000,000 shares of its 8.50% Series