NexPoint Real Estate Finance, Inc. (NREF-PA)
NexPoint Real Estate Finance, Inc. (NREF-PA)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 22,633 | 24,048 | 99,095 |
| Amortization of premiums | 3,920 | 2,617 | 8,570 |
| Accretion of discounts | 1,883 | 2,083 | 9,156 |
| Depreciation and amortization of real estate investments | 1,426 | 631 | 2,313 |
| Amortization of deferred financing costs | NaN | 0 | 161 |
| Provision for (reversal of) credit losses | -2,983 | 14,380 | 24,589 |
| Net change in unrealized (gain) loss on investments held at fair value | 746 | 19,348 | 77,911 |
| Equity in (income) losses of unconsolidated equity method ventures | 54 | 54 | -952 |
| Net realized (gain) loss | -1,102 | -1,444 | 3,182 |
| Stock-based compensation expense | 1,405 | 1,514 | 4,475 |
| Payment in kind income | 25,701 | 22,743 | 9,376 |
| Loss on extinguishment of debt | NaN | 1,839 | -2,297 |
| Accrued interest and dividends receivable | -6,704 | 1,434 | 19,495 |
| Accounts receivable and other assets | -219 | 963 | -328 |
| Accrued interest payable | 3,176 | -1,532 | 5,307 |
| Accounts payable, accrued expenses and other liabilities | 182 | 826 | -1,515 |
| Net cash provided by operating activities | 9,400 | -4,536 | 27,452 |
| Proceeds from sale of loans held-for-investment-Variable Interest Entity Primary Beneficiary | 103,535 | 70,004 | 331,237 |
| Proceeds from sale of loans held-for-investment-Consolidated Entity Excluding Variable Interest Entities VIE | 42,814 | 1,163 | 117,922 |
| Originations of loans, held-for-investment, net-Variable Interest Entity Primary Beneficiary | NaN | NaN | 0 |
| Originations of loans, held-for-investment, net-Consolidated Entity Excluding Variable Interest Entities VIE | NaN | NaN | 75,476 |
| Originations of mortgage loans, held-for-investment, net | 61,169 | 97,753 | NaN |
| Purchases of preferred stock and stock warrants | NaN | 3,161 | 137,012 |
| Purchases of equity method investments | NaN | 534 | 1,500 |
| Sale of equity method investments | NaN | 0 | 392 |
| Purchases of debt securities, at fair value-CMBSStructured Pass Through Certificates-Consolidated Entity Excluding Variable Interest Entities VIE | NaN | NaN | 11,590 |
| Purchases of cmbs structured pass through certificates, at fair value | NaN | 11,590 | NaN |
| Purchases of cmbs securitizations held in variable interest entities, at fair value-CMBSStructured Pass Through Certificates-Consolidated Entity Excluding Variable Interest Entities VIE | NaN | 3,320 | 0 |
| Sales of cmbs securitizations held in variable interest entities, at fair value | NaN | NaN | 0 |
| Purchases of debt securities, at fair value-Mortgage Backed Securities-Variable Interest Entity Primary Beneficiary | NaN | NaN | 0 |
| Sale of mortgage backed securities, at fair value | NaN | NaN | 0 |
| Increase in cash in connection with vie consolidation | NaN | 796 | NaN |
| Additions to real estate investments | 486 | 787 | 662 |
| Net proceeds from dispositions of real estate investments | NaN | 0 | 56,348 |
| Net cash provided by investing activities | 84,694 | 41,884 | 279,659 |
| Borrowings under secured financing agreements | NaN | 0 | 22,725 |
| Proceeds from secured borrowings of cmbs securitizations held in variable interest entities, at fair value | 19,769 | NaN | NaN |
| Principal repayments on borrowings under secured financing agreements | 12,545 | -1,209 | 83,575 |
| Distributions to bondholders of variable interest entities-Variable Interest Entity Primary Beneficiary | 85,915 | 67,856 | 317,376 |
| Borrowings under master repurchase agreements | 4,386 | 4,926 | 29,703 |
| Principal repayments on borrowings under master repurchase agreements | 22,915 | 4,493 | 15,552 |
| Proceeds received from unsecured promissory note | NaN | 42,525 | 0 |
| Principal repayment on unsecured promissory note | NaN | 36,500 | 0 |
| Borrowings under bridge facility | NaN | NaN | 0 |
| Proceeds from the issuance of preferred stock through public offering, net of offering costs-Series BPreferred Stock | NaN | 210,738 | NaN |
| Bridge facility repayments | NaN | NaN | 0 |
| Proceeds from the issuance of preferred stock through public offering, net of offering costs-Series CPreferred Stock | 16,381 | 1,868 | NaN |
| Proceeds from the issuance of series b preferred stock through public offering, net of offering costs | NaN | NaN | 156,519 |
| Proceeds received from mortgages payable | NaN | 0 | NaN |
| Principal repayments on mortgages payable | NaN | 0 | 32,125 |
| Payments for taxes related to net share settlement of stock-based compensation | 878 | 0 | 1,560 |
| Dividends paid to common stockholders | 12,323 | 9,362 | 25,987 |
| Dividends paid to preferred stockholders-Series APreferred Stock | 874 | 874 | 2,622 |
| Dividends paid to preferred stockholders-Series BPreferred Stock | 6,044 | 7,698 | 15,195 |
| Dividends paid to preferred stockholders-Series CPreferred Stock | 150 | NaN | NaN |
| Distributions to redeemable noncontrolling interests in the op | 2,093 | 2,519 | 7,558 |
| Net cash used in financing activities | -103,201 | -24,555 | -292,603 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -9,107 | 12,793 | 14,508 |
| Cash, cash equivalents and restricted cash, beginning of period | 34,354 | 21,561 | 7,053 |
| Cash, cash equivalents and restricted cash, end of period | 25,247 | 34,354 | 21,561 |