Financial insights of NREF

MyFinsight

For the quarter ending 2026-03-31.

Income Overview

Net Income
$10,040K
EPS
$0.42
Unit: Thousand (K) dollars

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Interest income	24,454	21,409*	22,853	22,838
Interest expense	9,155	11,082*	10,356	10,769
Total net interest income	15,299	10,327*	12,497	12,069
Gain on extinguishment of debt	-	2,920*	-2,125	-127
Unrealized gain (loss)-Mortgage Backed Securities	-	-	0	0
Unrealized gain (loss)-MSCRNotes	-	-	0	0
Change in net assets related to consolidated cmbs variable interest entities-Variable Interest Entity Primary Beneficiary	4,872	14,125*	1,838	789
Unrealized gain (loss)-CMBSStructured Pass Through Certificates	473	1,000*	607	660
Change in unrealized gain (loss) on common stock investments-Common Stock	3,756	-2,205*	751	-5,160
Change in unrealized gain (loss) on preferred stock and stock warrant investments	-4,482	2,443*	50,387	23,022
Reversal of (provision for) credit losses	-2,983	7,523*	15,680	5,284
Dividend income	7,164	4,695*	5,775	4,036
Other income (gain)	338	77*	-122	52
Realized loss	-4	35*	-23	0
Equity in income (gaines) of equity method investments	54	610*	12	-1,017
Gain on sale from real estate owned	-1	-7,511*	3,718	-
Revenues from consolidated real estate owned	2,180	1,697*	1,579	2,502
Total other income	17,333	10,359*	46,717	19,473
General and administrative expenses	3,268	1,942*	3,377	3,763
Loan servicing fees	300	267*	372	374
Management fees	2,213	1,747*	1,777	1,563
Expenses from consolidated real estate owned	4,218	3,296*	2,826	3,571
Total operating expenses	9,999	7,252*	8,352	9,271
Net income	22,633	13,434*	50,862	22,271
Net (income) loss attributable to redeemable noncontrolling interests	-	-	-	3,437
Net (income) loss attributable to preferred stockholders-Series APreferred Stock	874	874*	874	874
Net (income) loss attributable to preferred stockholders-Series BPreferred Stock	9,055	6,639*	7,174	5,675
Net (income) loss attributable to preferred stockholders-Series CPreferred Stock	298	3*	-	-
Net (income) loss attributable to redeemable noncontrolling interests-Redeemable Noncontrolling Interests	2,366	1,218*	7,782	3,437
Net income attributable to common stockholders	10,040	4,701	35,032	12,285

Basic EPS	0.54	0.267	1.98	0.69
Diluted EPS	0.42	0.11	1.14	0.54
Basic Average Shares	18,605,000	17,585,000	17,722,000	17,712,000
Diluted Average Shares	51,456,000	42,719,000	43,854,000	39,460,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Income Overview

Net Income
$10,040K
EPS
$0.42
Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

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Income Overview

Net Income
$10,040K
EPS
$0.42
Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

DownloadDownload image

Income Overview

Net Income$10,040KEPS$0.42Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Income Overview

Net Income$10,040KEPS$0.42Unit: Thousand (K) dollars

Time Plot

Show the time plot by selecting a row from the table.

Income Statement

Net Income
$10,040K
EPS
$0.42
Unit: Thousand (K) dollars

Net Income
$10,040K
EPS
$0.42
Unit: Thousand (K) dollars