For the quarter ending 2026-03-31, NREF had -$9,107K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 22,633 | 24,048 | 50,862 | 48,233 |
| Amortization of deferred financing costs | - | 0 | 137 | 24 |
| Amortization of premiums | 3,920 | 2,617 | 3,750 | 4,820 |
| Loss on extinguishment of debt | - | 1,839 | -2,125 | -172 |
| Accretion of discounts | 1,883 | 2,083 | 4,055 | 5,101 |
| Depreciation and amortization of real estate investments | 1,426 | 631 | 620 | 1,693 |
| Provision for (reversal of) credit losses | -2,983 | 14,380 | 15,680 | 8,909 |
| Net change in unrealized (gain) loss on investments held at fair value | 746 | 19,348 | 48,344 | 29,567 |
| Purchases of debt securities, at fair value-CMBSStructured Pass Through Certificates-Consolidated Entity Excluding Variable Interest Entities VIE | - | - | 0 | 11,590 |
| Equity in (income) losses of unconsolidated equity method ventures | 54 | 54 | 12 | -964 |
| Originations of loans, held-for-investment, net-Variable Interest Entity Primary Beneficiary | - | - | -25,182 | 25,182 |
| Net realized (gain) loss | -1,102 | -1,444 | 3,266 | -84 |
| Originations of loans, held-for-investment, net-Consolidated Entity Excluding Variable Interest Entities VIE | - | - | 67,072 | 8,404 |
| Stock-based compensation expense | 1,405 | 1,514 | 1,504 | 2,971 |
| Purchases of preferred stock and stock warrants | - | 3,161 | 42,499 | 94,513 |
| Payment in kind income | 25,701 | 22,743 | 3,021 | 6,355 |
| Purchases of equity method investments | - | 534 | 500 | 1,000 |
| Accrued interest and dividends receivable | -6,704 | 1,434 | 11,343 | 8,152 |
| Sale of equity method investments | - | 0 | 392 | - |
| Accounts receivable and other assets | -219 | 963 | -1,133 | 805 |
| Purchases of cmbs structured pass through certificates, at fair value | - | 11,590 | - | - |
| Accrued interest payable | 3,176 | -1,532 | 3,820 | 1,487 |
| Purchases of cmbs securitizations held in variable interest entities, at fair value-CMBSStructured Pass Through Certificates-Consolidated Entity Excluding Variable Interest Entities VIE | - | 3,320 | 0 | 0 |
| Accounts payable, accrued expenses and other liabilities | 182 | 826 | -1,495 | -20 |
| Sales of cmbs securitizations held in variable interest entities, at fair value | - | - | 0 | 0 |
| Net cash provided by operating activities | 9,400 | -4,536 | 8,095 | 19,357 |
| Purchases of debt securities, at fair value-Mortgage Backed Securities-Variable Interest Entity Primary Beneficiary | - | - | 0 | 0 |
| Sale of mortgage backed securities, at fair value | - | - | 0 | 0 |
| Proceeds from sale of loans held-for-investment-Variable Interest Entity Primary Beneficiary | 103,535 | 70,004 | 139,799 | 191,438 |
| Proceeds from sale of loans held-for-investment-Consolidated Entity Excluding Variable Interest Entities VIE | 42,814 | 1,163 | 78,251 | 39,671 |
| Increase in cash in connection with vie consolidation | - | 796 | - | - |
| Originations of mortgage loans, held-for-investment, net | 61,169 | 97,753 | - | - |
| Additions to real estate investments | 486 | 787 | -174 | 836 |
| Proceeds received from unsecured promissory note | - | 42,525 | 0 | 0 |
| Net proceeds from dispositions of real estate investments | - | 0 | 56,348 | - |
| Principal repayment on unsecured promissory note | - | 36,500 | 0 | 0 |
| Net cash provided by investing activities | 84,694 | 41,884 | 190,075 | 89,584 |
| Borrowings under bridge facility | - | - | 0 | 0 |
| Bridge facility repayments | - | - | 0 | 0 |
| Borrowings under secured financing agreements | - | 0 | -23,359 | 46,084 |
| Proceeds from secured borrowings of cmbs securitizations held in variable interest entities, at fair value | 19,769 | - | - | - |
| Principal repayments on borrowings under secured financing agreements | 12,545 | -1,209 | 35,433 | 48,142 |
| Proceeds from the issuance of series b preferred stock through public offering, net of offering costs | - | - | 59,957 | 96,562 |
| Proceeds received from mortgages payable | - | 0 | - | - |
| Distributions to bondholders of variable interest entities-Variable Interest Entity Primary Beneficiary | 85,915 | 67,856 | 137,281 | 180,095 |
| Principal repayments on mortgages payable | - | 0 | 31,961 | 164 |
| Borrowings under master repurchase agreements | 4,386 | 4,926 | 2,429 | 27,274 |
| Proceeds from the issuance of preferred stock through public offering, net of offering costs-Series BPreferred Stock | - | 210,738 | - | - |
| Principal repayments on borrowings under master repurchase agreements | 22,915 | 4,493 | 5,771 | 9,781 |
| Proceeds from the issuance of preferred stock through public offering, net of offering costs-Series CPreferred Stock | 16,381 | 1,868 | - | - |
| Payments for taxes related to net share settlement of stock-based compensation | 878 | 0 | 0 | 1,560 |
| Dividends paid to common stockholders | 12,323 | 9,362 | 8,360 | 17,627 |
| Dividends paid to preferred stockholders-Series APreferred Stock | 874 | 874 | 874 | 1,748 |
| Dividends paid to preferred stockholders-Series BPreferred Stock | 6,044 | 7,698 | 7,174 | 8,021 |
| Dividends paid to preferred stockholders-Series CPreferred Stock | 150 | - | - | - |
| Distributions to redeemable noncontrolling interests in the op | 2,093 | 2,519 | 2,520 | 5,038 |
| Net cash used in financing activities | -103,201 | -24,555 | -190,347 | -102,256 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -9,107 | 12,793 | 7,823 | 6,685 |
| 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 | - |
NexPoint Real Estate Finance, Inc. (NREF)
NexPoint Real Estate Finance, Inc. (NREF)