Company: NREF
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001786248-25-000010
Chunk: 202

Company: NexPoint Real Estate Finance, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 6
Chunk 202
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 Stock104,987 150,000 $159,735 $224,627 

16. Segment Reporting

We have one reportable segment: NREF. For a description of the types of products and services from which this single reportable segment derives its revenues, see Notes 1 and 2. The accounting policies of the NREF segment are the same as those described in the Summary of Significant Accounting Policies. The chief operating decision maker assesses performance for the NREF segment and decides how to allocate resources based on net income that also is reported on the Consolidated Statements of Operations. The measure of segment assets is reported on the Consolidated Balance Sheets as Total Assets. The chief operating decision maker uses net income to evaluate profitability generated from the segment’s portfolio in deciding whether to reinvest profits into new or existing investments or into other parts of the entity, such as for acquisitions or dividend amounts. The chief operating decision maker manages the business on a consolidated basis, and therefore the Company has identified NREF as the one operating segment and the reportable segment. As of March 31, 2025 the Company’s chief operating decision maker was the Chief Financial Officer, Executive VP-Finance, Assistant Secretary and Treasurer of the Company.The significant segment expenses are computed in accordance with GAAP and are consistent with the financial information presented in the Consolidated Statements of Operations.

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17. Subsequent Events

Dividends DeclaredThe Board declared the second regular quarterly dividend of 2025 to common stockholders of $0.50 per share on April 28, 2025, to be paid on June 30, 2025, to stockholders of record as of June 13, 2025.Series B PreferredAs of May 9, 2025, the Company has issued an additional 1,178,892 shares of Series B Preferred Stock for net proceeds of $26.5 million.Series B Preferred RedemptionsOn April 10 and April 29, 2025, the Company redeemed a total of 6,190 shares of the Series B Preferred Stock for $0.1 million, which is the share price of $25.00 per share subject to the applicable redemption fee plus any accrued but unpaid dividends.CMBS I/O Strip PurchaseOn April 15, 2025, the Company purchased a CMBS I/O strip for $5.7 million.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following is a discussion and analysis of