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NexPoint Real Estate Finance, Inc.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

NREF$13.52+0.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

INDEX

Page
Cautionary Statement Regarding Forward-Looking Statementsiii
PART I
Item 1.Business1
Item 1A.Risk Factors13
Item 1B.Unresolved Staff Comments57
Item 1C.Cybersecurity58
Item 2.Properties60
Item 3.Legal Proceedings60
Item 4.Mine Safety Disclosures60
PART II
Item 5.Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities61
Item 6.[Reserved]61
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations62
Item 7A.Quantitative and Qualitative Disclosures About Market Risk89
Item 8.Financial Statements and Supplementary Data89
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosures89
Item 9A.Controls and Procedures90
Item 9B.Other Information90
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections91
PART III
Item 10.Directors, Executive Officers and Corporate Governance92
Item 11.Executive Compensation92
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters92
Item 13.Certain Relationships and Related Transactions, and Director Independence92
Item 14.Principal Accountant Fees and Services92
PART IV
Item 15.Exhibit and Financial Statement Schedules93
Index to Consolidated Financial StatementsF-1

ii

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.