Company: NREF
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001786248-25-000004
Chunk: 154

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 154
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 by adjusting basic earnings per share for the dilutive effect of the assumed vesting of restricted stock units. Additionally, the Company includes the dilutive effect of the potential redemption of OP Units for common shares in accordance with the second amended and restated limited partnership agreement of the OP (as amended, the "OP LPA"). The Company also includes the assumed conversion of the Series B Preferred Stock using the if-converted method. During periods of net loss, the assumed vesting of restricted stock units is anti-dilutive and is not included in the calculation of earnings (loss) per share.The following table sets forth the computation of basic and diluted earnings per share for the periods presented (in thousands, except per share amounts):For the Year EndedDecember 31,202420232022Net income (loss) attributable to common stockholders$17,693 $10,399 $3,234 Earnings for basic computationsNet income attributable to redeemable noncontrolling interests6,770 4,765 4,969 Net income attributable to Series B preferred stockholders8,003 80 — Net income for diluted computations$32,466 $15,244 $8,203 Weighted-average common shares outstandingAverage number of common shares outstanding - basic17,402 017,199 14,686 Average number of common shares from assumed vesting of unvested restricted stock units908 0740 571 Average number of common shares from assumed conversion of OP Units5,038 05,038 7,218 Average number of common shares from assumed conversion of Series B Preferred Stock5,798 24 — Average number of common shares outstanding - diluted29,146 23,001 22,475 Earnings per weighted average common share:Basic$1.02 $0.60 $0.22 Diluted (1)$1.02 $0.60 $0.22 (1) Diluted EPS calculations were higher than basic EPS and thus anti-dilutive for the years ended December 31, 2024, 2023, and 2022, respectively. As such, the Company is presenting diluted EPS as equal to basic EPS for the years ended December 31, 2024, 2023, and 2022, respectively.

13. Noncontrolling Interests

Redeemable Noncontrolling Interests in the OPInterests in the OP held by limited partners are represented