Company: NREF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052000
Chunk: 4

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 4
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962 Change in unrealized gain (loss) on common stock investments751 4,289 (5,823)1,647 Change in unrealized gain (loss) on preferred stock and stock warrant investments50,387 201 88,582 303 Change in unrealized gain (loss) on MSCR Notes— — — (13)Change in unrealized gain (loss) on mortgage backed securities— 464 — 1,079 Reversal of (provision for) credit losses(15,680)298 (24,589)720 Dividend income5,775 503 11,810 1,504 Other income (loss)(122)240 (140)728 Realized gain(23)14 (23)485 Loss on extinguishment of debt(2,125)(175)(2,297)(359)Equity in losses of equity method investments12 (1,105)(952)(3,997)Gain on sale from real estate owned ($3,718 and $0 with related parties, respectively)3,718 — 3,718 — Revenues from consolidated real estate owned1,579 2,189 6,490 6,435 Total other income (loss)$46,717 $18,659 $88,926 $42,026 Operating expensesGeneral and administrative expenses3,377 2,161 9,652 9,527 Loan servicing fees372 341 1,067 1,258 Management fees1,777 1,042 4,751 2,774 Expenses from consolidated real estate owned2,826 4,300 10,436 14,105 Total operating expenses$8,352 $7,844 $25,906 $27,664 Net income50,862 23,333 99,095 20,806 Net (income) loss attributable to Series A preferred stockholders(874)(874)(2,622)(2,622)Net (income) loss attributable to Series B preferred stockholders(7,174)(2,403)(17,256)(4,545)Net (income) loss attributable to redeemable noncontrolling interests(7,782)(3,940)(15,383)(4,322)Net income attributable to common stockholders$35,032 $16,116 $63,834